HARARE (Reuters) – Zimbabwean miner RioZim is demanding $92 million from the central bank in a lawsuit brought to force the Reserve Bank to pay for more of its gold purchases from the company in U.S. dollars, court documents showed.
Read More CAPE TOWN (Reuters) – BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its chief executive said on Thursday. The logo of BP is seen at a petrol station […]
Read More DAKAR (Reuters) – Copper output in Democratic Republic of Congo rose 8.7 percent year on year through the first nine months of 2018 to 908,695 tonnes while cobalt production jumped 92.5 percent to 115,116 tonnes, the central bank said on Thursday. Congo is Africa’s top copper producer and the world’s leading miner of cobalt, which […]
Read More Men sit on motorbikes past advertising posters for MTN telecommunication company along a street in Lagos, Nigeria October 30, 2018. REUTERS/Afolabi Sotunde ABUJA (Reuters) – Nigeria’s central bank is on the verge of an agreement over a $8.1 billion dispute with South African telecoms firm MTN, its governor Godwin Emefiele said on Thursday, declining to […]
Read More South African Reserve Bank Governor Lesetja Kganyago speaks at IMFC press conference during the IMF/World Bank spring meeting in Washington, U.S., April 21, 2018. REUTERS/Yuri Gripas PRETORIA (Reuters) – South Africa’s central bank increased its benchmark lending rate by 25 basis points to 6.75 percent on Thursday in a close call, saying while near term […]
Read More CAPE TOWN (Reuters) – BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its chief executive said on Thursday. The logo of BP is seen at a petrol station […]
Read More JOHANNESBURG (Reuters) – Sibanye-Stillwater said on Thursday it would temporarily suspend night shift work after one employee was killed and others injured during overnight protests at its South African gold operations. Workers leave Lonmin’s Karee mine at the end of their shift, outside Rustenburg, northwest of Johannesburg July 29, 2015. REUTERS/Siphiwe Sibeko The firm’s shares […]
Read More A teller counts Kenya shilling notes inside the cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya NAIROBI (Reuters) – The Kenyan shilling edged up on Thursday due to tightening liquidity in the money market, which normally drives up the cost of holding dollars , traders said. At […]
Read More A woman shops in a photo illustration at vegetable market in Casablanca, Morocco, June 29, 2017. REUTERS/Youssef Boudlal RABAT (Reuters) – Morocco’s annual inflation rate stayed at 1.1 percent in October, the High Planning Commission said on Thursday. Inflation had dropped to that level in September, from 1.7 percent in August. Food inflation dropped slightly […]
Read More HARARE (Reuters) – Zimbabwean miner RioZim is demanding $92 million from the central bank in a lawsuit brought to force the Reserve Bank to pay for more of its gold purchases from the company in U.S. dollars, court documents showed. Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya gestures as he delivers his 2018 Monetary […]
Read More A couple leaves Tiger Brands factory shop in Germiston, Johannesburg, South Africa, March 5, 2018. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – Tiger Brands, which is recovering from a food contamination crisis, said on Thursday it will spin off its 42.1 percent stake in Oceana Group worth $330 million to focus on growing its core food and […]
Read More Workers leave Lonmin’s Karee mine at the end of their shift, outside Rustenburg, northwest of Johannesburg July 29, 2015. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – Shares in Sibanye-Stillwater fell more than 3 percent in early trade on Thursday, a day after South Africa’s competition regulator ordered a six-month freeze on job cuts in takeover target Lonmin. […]
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