JOHANNESBURG (Reuters) – McKinsey’s new global head will on Monday apologise to South Africans for work the firm did with friends of scandal-plagued former president Jacob Zuma, an ill-fated deal that tarnished the reputation of the world’s biggest consultancy. The logo of consulting firm McKinsey + Company is seen at an office building in Zurich, […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand was firmer early on Monday, inching ahead to a new two-week best as slower-than-expected growth in wages in the United States pressured the dollar and solidified the local currency’s break of key technical levels. South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike […]
Read More JOHANNESBURG (Reuters) – An elite South Africa police unit raided offices of India’s Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesman said. The Bank of Baroda headquarters is pictured in Mumbai, India, April 27, 2016. REUTERS/Danish Siddiqui Bank of […]
Read More JOHANNESBURG (Reuters) – Murray & Roberts has asked South Africa’s competition authorities to block its biggest shareholder from fully exercising its voting rights in its proposed tie-up with rival construction firm Aveng, its spokesman said on Friday. A construction project by Murray & Roberts is seen though a rain covered window in Cape Town in […]
Read More RABAT (Reuters) – Morocco is preparing to issue its first sovereign Islamic bond, or sukuk, worth 1 billion dirhams ($105 million) in the coming weeks after adopting a regulatory framework governing sukuk sales, Finance Minister Mohamed Boussaid said on Thursday. Moroccan Minister of Economy and Finance Mohamed Boussaid speaks during an interview with Reuters journalist, […]
Read More BENGALURU (Reuters) – Gold prices held steady on Friday as investors remained cautious ahead of a G7 meeting starting later in the day and other key events next week such as a United States Federal Reserve policy meeting and a U.S.-North Korea summit. Gold bars are displayed at South Africa’s Rand Refinery in Germiston, file. […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand slumped to a near six-month low against the dollar and government bonds weakened sharply on Friday, dragged down by weak economic growth and global investors shying away from riskier assets. South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office […]
Read More JOHANNESBURG (Reuters) – Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine’s owner Sibanye-Stillwater said on Thursday. Mine workers employed at Sibanye Gold’s Masimthembe shaft operate a drill in […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand sunk to its weakest level in more than five months on Thursday as sentiment toward the currency was soured by a combination of poor economic growth and investors fleeing emerging markets. Illustration photo shows a two-rand coin above a South African flag April 12, 2017. REUTERS/Thomas White/Illustration At 1400 […]
Read More DAKAR (Reuters) – Democratic Republic of Congo’s prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday. The KCD open pit gold mine, operated by Randgold, at the Kibali mining site in […]
Read More GABORONE (Reuters) – Botswana Diamonds (BoD) wants to buy liquidated BCL Mine’s shares in a diamonds exploration joint venture project, its managing director said on Thursday. BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount. “We have put in an offer […]
Read More TUNIS (Reuters) – Tunisia’s annual inflation held steady in May at 7.7 percent year-on-year, official data showed on Thursday. People buy vegetables at a market in Tebourba, Tunisia January 11, 2018. REUTERS/Zoubeir Souissi Inflation accelerated from 6.9 percent in January to 7.7 percent in April, its highest level since 1991. The central bank raised its […]
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