People walk near the reception at the Johannesburg Stock Exchange (JSE) in Sandton, Johannesburg, South Africa December 10, 2015. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – South Africa’s rand weakened against the dollar on Wednesday amid dwindling demand for riskier assets and fears U.S.-China trade tension would not be resolved at an upcoming G20 summit. At 1500 […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand fell on Friday, giving back some of Thursday’s gains after a hike in the official borrowing rate by the central bank helped the currency hit a three-month high.
Read More CAIRO (Reuters) – Egypt’s state revenues grew by 35.5 percent in the first quarter of this fiscal year, putting the government on track to achieve its targeted budget surplus of 2 percent, the finance minister said on Friday.
Read More JOHANNESBURG (Reuters) – South Africa’s Transnet said on Friday it would stop a 7 billion rand ($505 million) project to deepen berths at Africa’s biggest container terminal in the port city of Durban until a dispute over the awarding of a contract is resolved.
Read More NAIROBI (Reuters) – Kenya Power Co said on Friday it will be much tougher on chasing unpaid bills after its provisions for bad debts surged in the financial year through June, sending its full-year profit down 60 percent.
Read More NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar on Friday and was forecast to gain ground due to tightening liquidity in the money markets, traders said.
Read More JOHANNESBURG (Reuters) – Shares in MTN Group surged 4 percent on Friday with traders attributing the rise to news that Nigeria’s central bank was on the verge of reaching an agreement over a $8.1 billon dispute with the South African telecoms group.
Read More NAIROBI (Reuters) – Telkom Kenya, the country’s third biggest operator, has secured a loan worth $40 million from the European Investment Bank (EIB), the company said on Friday, as it tries to gain market share by expanding its mobile and data services.
Read More JOHANNESBURG (Reuters) – South Africa’s rand retreated in thin trade on Friday after hitting its highest level in more than three months in the previous session when the central bank hiked interest rates.
Read More PRETORIA (Reuters) – South Africa’s central bank increased its benchmark lending rate for the first time in nearly three years, saying the risk of higher inflation in the longer-term remained elevated and that it could not risk waiting until later to take action.
Read More JOHANNESBURG (Reuters) – South Africa’s Capitec Bank said on Thursday its 3.2 billion rand ($232 million) offer to buy Mercantile Bank had been accepted, paving the way for the Stellenbosch-based lender to expand into business banking.
Read More JOHANNESBURG (Reuters) – South African private healthcare provider Life Healthcare reported on Friday a 40.6 percent jump in full-year earnings, helped by strong overall performance of its businesses.
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