AFRICA BUSINESS

Comesa countries urged to embrace regional insurance scheme

COUNTRIES in East and Southern Africa have been urged to fully embrace the Yellow Card scheme, which seeks to provide third-party insurance cover to motorists as part of measures to facilitate intra-r...

By Staff reporter | Published: 27 September 2017

AFRICA BUSINESS

SA expected to cut interest rates to 6.50%

South Africa's central bank is expected to cut its benchmark interest rate by another 25 basis points next week, taking it to 6,50 percent, as inflation is considered likely to moderate, a Reuters pol...

By Reuters | Published: 14 September 2017

AFRICA BUSINESS

SA should nationalise SARB, parly told

The South African government should buy back privately-held shares in the South African Reserve Bank (SARB) if it can afford to, an interim report tabled in Parliament recommended.The idea - to nation...

By Staff reporter | Published: 06 September 2017

AFRICA BUSINESS

Rand weaker ahead of GDP figures

The Rand weakened against the dollar yesterday ahead of second-quarter gross domestic product (GDP) numbers and as safe-haven assets gained after a nuclear test by North Korea.At 5pm, the rand was bid...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

SA exits recession with 2.5% GDP growth

South Africa's gross domestic product has rebounded with 2.5% growth for the second quarter of the year.This is an improvement from the contraction reported for two consecutive quarters. GDP declined ...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

Free Trade negotiations to be concluded by October

NEGOTIATIONS for the Tripartite Free Trade Area (TFTA) will be concluded by the end of next month to provide a single trade regime covering three regional blocs to accelerate trade.Speaking at the fou...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

FNB has been pandering to DA politics

COSATU calls for the reinstatement of four FNB employees dismissed for exercising their right to freedom of speech.The Congress of South African Trade Unions (COSATU) condemns the unfair dismissal of ...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

Namibia expels Zimbabwean engineering expats

The Namibia government is letting go Zimbabwean engineering expatriates seconded there on a government-to-government agreement.This comes ahead of the expiry of a five-year Memorandum Of Understanding...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

AfDB decentralises operations

The African Development Bank (AfDB) has opened a regional development and business delivery office in Pretoria, South Africa which will be responsible for the institution's operations in Southern Afri...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

White Zim farmers take on Nigeria's challenges

Farming in Nigeria is not for the fainthearted.Intermittent electricity means generators are needed half the time. Chronically potholed roads make transport slow and expensive. Fake fertiliser has pr...

By AFP | Published: 27 August 2017

AFRICA BUSINESS

Namibians protest over Zimbabwean engineers

AT least 29 Zimbabwean architects and quantity surveyors were exempted from registering with the Namibia Architects and Quantity Surveyors' Council, courting the ire of Namibians who felt the Zimbabwe...

By Staff reporter | Published: 24 August 2017

AFRICA BUSINESS

Comesa seeks integrated regional transport network

THE Common Market for Eastern and Southern Africa (Comesa) is in the process of setting up a modern railway technology known as the Futran System, an automated system that can take a payload of up to ...

By Staff reporter | Published: 24 August 2017

AFRICA BUSINESS

Regional industrialisation core on Sadc indaba agenda

The SADC Council of Ministers meeting, which kicked off on Tuesday has placed regional industrialisation at the centre of its agenda. In a media briefing, South African Minister of International Relat...

By Staff reporter | Published: 17 August 2017

AFRICA BUSINESS

SA banks sued for R60bn in home repossession case

More than 225 applicants, mostly from Gauteng townships, have launched a suit in the Constitutional Court, claiming damages from the big banks for home repossession abuse.The applicants are claiming R...

By Staff reporter | Published: 16 August 2017

AFRICA BUSINESS

Zim faces Sadc grilling over import ban

INDUSTRY and Commerce minister Mike Bimha says he will justify the imposition of import restrictions when he meets his Sadc counterparts next week, adding that the affected countries should not cry fo...

By Staff reporter | Published: 11 August 2017

AFRICA BUSINESS

Tito Mboweni 'fired' as Brics bank director

Former South African Reserve Bank governor Tito Mboweni has been removed from the board of directors of the New Development Bank - commonly known as the Brics bank - after two years. According to the ...

By Staff reporter | Published: 10 August 2017

AFRICA BUSINESS

SARB cuts SA interest rates by 25 basis points

SA Reserve Bank governor Lesetja Kganyago announced on Thursday that the Monetary Policy Committee has decided to cut the interest rates."The MPC has decided to reduce the repurchase rate by 25 basis...

By Staff reporter | Published: 20 July 2017

AFRICA BUSINESS

Zwane's actions unlawful, says SA Chamber

The South African Chamber of Mines has taken legal advice following the notice by the Minister of Mineral Resources published in the Government Gazette yesterday (19 July 2017), which indicates that t...

By Agencies | Published: 20 July 2017

AFRICA BUSINESS

4 reasons why SARB should cut rates

Johannesburg - Ahead of the Monetary Policy Committee's (MPC) rate announcement, research analyst at Credit Suisse Carlos Teixeira unpacks four reasons why the Reserve Bank should consider a rate cut....

By Staff reporter | Published: 20 July 2017

AFRICA BUSINESS

SA's new mining charter suspended

The South African Chamber of Mines advises that the Minister of Mineral Resources, Mosebenzi Zwane, has given a written undertaking that the Minister and the Department of Mineral Resources (DMR), wil...

By Staff reporter | Published: 14 July 2017

AFRICA BUSINESS

Richemont in trouble as luxury watch chief quits

Zurich - Swiss luxury-goods maker Richemont's head of watchmaking, once seen as a candidate to lead the entire company, is leaving less than four months after a management reorganisation put him in co...

By Staff reporter | Published: 14 July 2017

AFRICA BUSINESS

Amplats job cuts on cards in mine shake up

JOHANNESBURG - The world's No. 1 platinum producer Anglo American Platinum plans to overhaul a number of its South African mines to make them more profitable in the face of depressed prices.Amplats, r...

By Reuters | Published: 23 June 2015

AFRICA BUSINESS

SA mine union boss decries "apartheid" wage system

The newly elected head of South Africa's biggest mine union said on Sunday that his members were still being paid "apartheid" wages, signaling a hard line ahead of gold sector wage talks due to start ...

By Reuters | Published: 22 June 2015

AFRICA BUSINESS

CellC said to weigh sale of No. 3 SA mobile carrier

Cell C Pty Ltd. is exploring options for the third-largest South African wireless carrier including a possible sale to domestic competitors, according to two people familiar with the matter.Cell C, wh...

By Bloomberg | Published: 18 February 2015

AFRICA BUSINESS

Comesa 'business visa' nears implementation

The Common Market for Eastern and Southern Africa (Comesa) is close to implementing a business visa for the region.Speaking at workshop to finalise policies and challenges hindering cross border movem...

By Lynn Murahwa and Funny Hudzerema | Published: 02 July 2014
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