JOHANNESBURG (Reuters) – South Africa’s manufacturing output expanded by 1.1 percent year-on-year in April following a revised 1.6 percent contraction in March, the statistics agency said on Thursday. A worker walks near a row of cars at Nissan’s manufacturing plant in Rosslyn, outside Pretoria, file. REUTERS/Siphiwe Sibeko Statistics South Africa said factory production on a […]
Read More JOHANNESBURG (Reuters) – South African state power utility Eskom plans to sell foreign debt in around two months following an improvement in investor sentiment, its chief executive said on Thursday. An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton, February 24, 2016. REUTERS/Siphiwe Sibeko “We are seeing an increase […]
Read More NAIROBI (Reuters) – The Kenyan shilling strengthened slightly against the dollar on Thursday with some support from hard currencies sent in from its nationals who live abroad, traders said. Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya At […]
Read More JOHANNESBURG (Reuters) – South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family’s Optimum Coal, its CEO said. An entrance to the Optimum Kwagga coal mine is seen near Hendrina in Mpumalanga province, September 8 2015.REUTERS/Siphiwe Sibeko Bidding for Optimum […]
Read More HARARE (Reuters) – Impala Platinum’s Zimbabwean subsidiary said on Wednesday that it had agreed to lease nearly half of its mining land to the government and that in turn it had received two mining leases valid for the life of its operations. A worker drives a vehicle at Zimplats’ Ngwarati Mine in Mhondoro-Ngezi May 30, […]
Read More KHARTOUM (Reuters) – Sudan’s central bank has started circulating new 50-pound Sudanese bills, while withdrawing the old ones, the bank said in a statement late on Wednesday, citing the spread of fake banknotes that have caused an increase in liquidity and pushed prices higher. Inflation in Sudan rose to 57.65 percent in April, amid rising […]
Read More ABUJA (Reuters) – Nigeria’s government has recovered around 30 billion naira ($98 million) from individuals and companies through a tax amnesty scheme, the finance ministry said on Wednesday. The OPEC member, west Africa’s largest economy, last year emerged from a recession brought on by low oil prices. Crude sales make up two-thirds of national revenue […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand steadied in early trade on Thursday as traders awaited April manufacturing data for evidence on the performance of the economy at the start of the second quarter after a surprising GDP contracting in the first quarter. South African bank notes featuring images of former South African President Nelson Mandela […]
Read More JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell to $42.872 billion in May from $43.115 billion in April, the Reserve Bank said on Thursday. A customer counts his U.S. dollar money in a bank in Cairo, Egypt March 10, 2016. E REUTERS/Amr Abdallah Dalsh/File Photo Gross reserves rose to $51.146 billion from $49.539 billion, […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand is expected to weather the emerging markets dollar storm better than its peers over the next 12 months due to attractive interest rate returns, despite a weak economic start to 2018, a Reuters poll found. South African Rand coins are seen in this photo illustration, file. REUTERS/Mike Hutchings The […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand was softer early on Wednesday after weaker-than-expected first quarter GDP figures in the previous session, while sluggish emerging markets also weighed on the currency. A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo Reporting by Patricia Aruo; Editing by Joe Brock
Read More ALGIERS (Reuters) – Algeria’s cabinet decided on Tuesday to lift a ban on imports of hundreds of goods in favour of higher customs duties, the presidency said. The North African OPEC member nation has been trying to cope with pressure on state finances since oil prices started falling in mid-2014, halving oil and gas earnings, […]
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