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 stake in Oceana Group following a strategic review. “The decision was taken following a review of Oceana’s fit […]
Read More The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S. September 4, 2018. REUTERS/Yuri Gripas JOHANNESBURG (Reuters) – The International Monetary Fund said on Wednesday that it would help Mozambique conduct an analysis of its corruption challenges and urged the southern African country to hold people accountable for previously undisclosed […]
Read More Equatorial Guinea’s Oil Minister Gabriel Mbaga Obiang arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader CAPE TOWN (Reuters) – Equatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for […]
Read More South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) – South Africa’s rand steadied against the dollar in early trade on Thursday, with investors cautious ahead of the central bank’s interest rates decision later in the day. At 0635 GMT, the rand traded at 13.9225 per […]
Read More A Mattress Firm store, a brand owned by Steinhoff, is shown in Encinitas, California, U.S., January 25, 2018. REUTERS/Mike Blake (Reuters) – Steinhoff International said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for […]
Read More International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas JOHANNESBURG (Reuters) – The International Monetary Fund (IMF) has approved the disbursement of $15.4 million to Malawi as part of a three-year loan arrangement to assist the southern African country’s economic […]
Read More The logo of state power utility Eskom is seen outside the Koeberg nuclear power plant near Cape Town, South Africa, March 20, 2016. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) – South Africa’s struggling state power firm Eskom will finalise its new strategy in February, its Chief Executive Phakamani Hadebe told parliament on Wednesday. Cash-strapped Eskom is battling […]
Read More JOHANNESBURG (Reuters) – South Africa’s Competition Tribunal on Wednesday approved Sibanye-Stillwater’s takeover of troubled platinum producer Lonmin but imposed a six-month moratorium on job cuts. A mine worker returns from the Lonmin mine at the end of his shift, outside Rustenburg October 5, 2015. REUTERS/Siphiwe Sibeko South Africa’s Sibanye has proposed to buy Lonmin for […]
Read More KAMPALA (Reuters) – Stanbic Bank Uganda, lead arranger for the East African nation’s $2.5 billion debt for a crude oil pipeline, expects the deal to conclude in June next year, its chief executive said on Wednesday. A security guard stands at the entrance of the Stanbic Bank in Abidjan, Ivory Coast April 9, 2018. REUTERS/Luc […]
Read More KAMPALA (Reuters) – Stanbic Bank Uganda, lead arranger for the East African nation’s $2.5 billion debt for a crude oil pipeline, expects the deal to conclude in June next year, its chief executive said on Wednesday. A security guard stands at the entrance of the Stanbic Bank in Abidjan, Ivory Coast April 9, 2018. REUTERS/Luc […]
Read More A truck travels to a depth of 516 metres below the surface to collect ore at the Chibuluma copper mine in the Zambian copperbelt region, January 17, 2015. REUTERS/Rogan Ward LUSAKA (Reuters) – Zambia’s annual copper output rose 10.4 percent in September to 631,359 tonnes, the central bank in Africa’s second-biggest producer of the industrial […]
Read More A customer shops at a South African retailer Pick n Pay in Johannesburg, South Africa, April 19,2018. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – South African inflation came bang in line with expectations in October with food prices edging lower while the impact of higher global oil prices was subdued, data showed on Wednesday. South Africa’s headline […]
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