AFRICA BUSINESS

Comesa plans to set up regional energy regulator

THE Common Market for Eastern and Southern Africa (Comesa) plans to establish a regional energy regulatory authority to enhance sustainable energy investment and development.Comesa is a regional group...

By Staff reporter | Published: 16 July 2018

AFRICA BUSINESS

How to identify fake Mandela bank note or coin

The South African Reserve Bank (SARB) recently launched a new public awareness campaign alongside the introduction of the new Mandela commemorative series of banknotes and R5 circulation coin.As part ...

By Staff reporter | Published: 05 July 2018

AFRICA BUSINESS

Comesa Summit appoints Ngwenya successor

DELEGATES to the 20th Common Market for Eastern and Southern Africa (Comesa) Heads of States and Government Summit will appoint a new secretary general to the regional trading body next month to take ...

By Staff reporter | Published: 20 June 2018

AFRICA BUSINESS

Fitch Ratings affirms SA's rating at BB+

Fitch Ratings has affirmed SA's credit rating of junk status, warning of low growth and 'sizeable government debt'.Fitch kept SA's rating at BB+ with a stable outlook, as expected, after a host of mee...

By Staff reporter | Published: 15 June 2018

AFRICA BUSINESS

SAPP gets fresh mandate

THE Southern African Power Pool (SAPP) will construct a new facility in Zimbabwe to expand its existing home and cater for increased staff after getting a new mandate from its 12-member electricity pr...

By Staff reporter | Published: 07 June 2018

AFRICA BUSINESS

'State-led industrialisation key for Africa'

African Development Bank Group (AfDB) president Akinwumi Adesina has said State-led industrialisation will drive millions out of poverty, as the bank announced a $35 billion investment over 10 years t...

By Staff reporter | Published: 22 May 2018

AFRICA BUSINESS

No big shock for Zimbabwe in AfCFTA

THE African Continental Free Trade Area (AfCFTA) will give countries like Zimbabwe a wider market to export goods, an expert has said, discounting concerns the economy would be overrun by its biggest ...

By Staff reporter | Published: 14 May 2018

AFRICA BUSINESS

Responsible investors channel over $400bn into Africa

Responsible investment in Africa continues to rise. According to the latest data from the 2017 African Investing for Impact Barometer (AIFIB), there has been an increase in investments on the continen...

By Agencies | Published: 18 April 2018

AFRICA BUSINESS

'The start of an African economic resurgence'

Anil Agarwal, the Chairman of Vedanta Resources Plc, today outlined a Path to Growth for the Konkola Copper Mines (KCM), a Zambian subsidiary of the diversified global mining and resources company. Th...

By Staff reporter | Published: 12 April 2018

AFRICA BUSINESS

Black executive quits MMI for FirstRand

Mary Vilakazi, MMI's deputy chief executive and group finance director, has quit the group and joined FirstRand Limited.The resignation was announced by MMI's interim CEO, Hillie Meyer, in an internal...

By Staff reporter | Published: 27 February 2018

AFRICA BUSINESS

Zim, Bots agree on Bi-National Commission

Zimbabwe and Botswana have agreed to establish a Bi-National Commission (BNC) to be convened at heads of state and government level, a step that is expected to enhance bilateral cooperation across al...

By Staff reporter | Published: 13 February 2018

AFRICA BUSINESS

Comesa hunts for Ngwenya successor

THE Common Market for Eastern and Southern Africa (Comesa) has started hunting for a candidate to replace the secretary-general, Mr Sindiso Ngwenya, whose tenure expires later this year.Mr Ngwenya, a ...

By Staff reporter | Published: 08 January 2018

AFRICA BUSINESS

Comesa explores ways to reshape policy

STAKEHOLDERS in port management and policymakers in Africa are exploring ways to reshape policy and harness benefits that accrue from maximising the comparative advantages of landlocked countries.Part...

By Staff reporter | Published: 05 December 2017

AFRICA BUSINESS

Surplus power generation in Sadc

The improved electricity generation in southern Africa is a welcome development for the region as energy supply is a key enabler for industrialisation.Energy shortages experienced over the past few ye...

By Staff reporter | Published: 04 December 2017

AFRICA BUSINESS

Zim, Zambia inch towards One-stop Border Post deal

Zimbabwe and Zambia are close to finalising a bilateral agreement that will result in the establishment of a One-Stop Boarder Post (OSBP) in Victoria Falls, a senior Government official said on Monday...

By New Ziana | Published: 03 December 2017

AFRICA BUSINESS

Moody's places SA Inc on downgrade review

Global ratings agency Moody's has placed a number of major South African cities and municipalities, banks, businesses and insurance groups on review for downgrade, after it did so for the country's so...

By Staff reporter | Published: 29 November 2017

AFRICA BUSINESS

S&P Global downgrades SA to junk

Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed ...

By Staff reporter | Published: 25 November 2017

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
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