A customer shops at a South African retailer Pick n Pay in Johannesburg, South Africa, April 19,2018. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation rose to 5.1 percent year-on-year in October, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, inflation was flat at 0.5 percent in October after […]
Read More A teller serves a client with Kenya shilling notes at the cashier’s booth of a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar on Wednesday due to inflows from remittances and earnings from horticulture exports meeting demand from general importers, […]
Read More People chat in front of a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building in Sandton Johannesburg, March 14, 2016. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – South Africa’s rand rose in early trade against a softer dollar on Wednesday, in line with a rise in local bonds and […]
Read More JOHANNESBURG (Reuters) – South African retailer Mr Price Group Ltd has appointed corporate finance director Mark Stirton as group chief financial officer effective Jan.1, it said on Wednesday. Stirton’s appointment follows an announcement in October that current CFO Mark Blair will succeed Stuart Bird as chief executive. Stirton, 39-year old, has been with the retailer […]
Read More JOHANNESBURG (Reuters) – Retailer Pepkor Holdings Ltd, previously known as Steinhoff Africa Retail (STAR), said on Tuesday its full-year earnings are expected to fall as much as 42 percent mainly due to a provision, sending its shares more than 11 percent lower. The clothing and furniture retailer said in May its earnings would be affected […]
Read More KAMPALA (Reuters) – Uganda will force new investors in telecommunications services to rent capacity from existing fibre optic cables, rather than lay their own, to stem infrastructure duplication and lower internet access costs, the sector regulator said on Tuesday. The East African nation’s telecoms sector has attracted foreign investors in recent years due to rapid […]
Read More DAR ES SALAAM (Reuters) – Tanzania’s central bank has raided foreign exchange bureaus in the northern city of Arusha to investigate suspected money laundering, the government’s spokesman said on Tuesday. On his Twitter feed, the spokesman quoted central bank governor Florens Luoga saying the raids had been conducted together with the military because police were […]
Read More BENGALURU (Reuters) – Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, holding above the 1,220 level as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook. An employee sorts gold bars in the Austrian Gold and Silver Separating Plant in Vienna, Austria, […]
Read More BENGALURU (Reuters) – Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, holding above the 1,220 level as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook. An employee sorts gold bars in the Austrian Gold and Silver Separating Plant in Vienna, Austria, […]
Read More An employee works at the cheese section of Hyper Hayat supermarket at the newly expanded Cap Sud shopping mall in Abidjan, Ivory Coast, September 14, 2015. REUTERS/Joe Penney ABIDJAN (Reuters) – Consumer price inflation in Ivory Coast rose to 0.8 percent year-on-year in October, up from 0.5 percent in September, data from the National Statistics […]
Read More South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – South Africa’s opened weaker on Tuesday in tetchy overnight trade as caution ahead of inflation data and a lending […]
Read More The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018. REUTERS/Yuri Gripas/File Photo JOHANNESBURG (Reuters) – South Africa’s economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows […]
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