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

AFRICA BUSINESS

The JSE transforms its brand identity

The JSE's logo and colour palette moves to a bold black, white and green combination while the typography takes on a clean, digital feel. The revitalised brand follows on from an extensive brand audit...

By APO | Published: 23 April 2014

AFRICA BUSINESS

Africa's growth to reach 5.2% in 2014

Economic growth rate in Sub-Saharan Africa (SSA) continues to rise from 4.7 per cent in 2013 to 5.2 per cent in 2014 boosted by rising investment in natural resources and infrastructure as well as st...

By BERNAMA | Published: 08 April 2014

AFRICA BUSINESS

Rand hits strongest level in 2014

South Africa's rand hit its strongest level against the dollar this year in Tuesday's early trading session as positive momentum continued for riskier emerging market currencies.At 08:31 SA time, the ...

By Reuters | Published: 08 April 2014

AFRICA BUSINESS

South Africa introduces new R2 coin

Johannesburg - The South Africa Reserve Bank (Sarb) on Wednesday introduced a new R2 coin commemorating the centenary of the Union Buildings.The coins would be released for circulation and as part of ...

By Sapa | Published: 18 December 2013

AFRICA BUSINESS

Agribusiness set to boom in Africa, says DHL

It is no secret that Africa is on the rise and increasingly offering lucrative opportunities to local businesses due to the continent's steady economic growth, increased disposable income and high con...

By APO | Published: 18 December 2013

AFRICA BUSINESS

Eskom boss Brian Dames quits

Johannesburg - Eskom said yesterday its chief executive would step down in March, departing the power utility at a time when South Africa  struggles to keep the lights on due to tight electricity...

By Fin24. | Published: 06 December 2013

AFRICA BUSINESS

Mozambique to start commercial oil production

Mozambique will commence its first commercial production and sale of crude oil in 2014 from an inland oilfield at Inhassoro, Johannesburg- based integrated energy company, Sasol Petroleum has said.The...

By Ventures Africa | Published: 05 December 2013

AFRICA BUSINESS

Cheap imports under scrutiny at Comesa talks

The issue of cheap imports flooding the market has become a problem not only in Zimbabwe, where they have literally killed the manufacturing sector, but in the region as a whole.According to the Commo...

By Business Reporters | Published: 02 December 2013

AFRICA BUSINESS

Emerging markets boost SABMiller profits

London - Britain-based brewer SABMiller posted rising first-half net profits on Thursday, boosted once again by strong growth in emerging markets.Earnings after taxation rose by almost nine percent to...

By AFP | Published: 21 November 2013

AFRICA BUSINESS

South Africa's banked population now at 75%

Johannesburg - South Africa's banked population has grown substantially from 23.9 million people in 2012 to 27.4 million people in 2013, an 8 percent increase that signifies strong growth in financia...

By Ventures Africa | Published: 18 November 2013

AFRICA BUSINESS

Mozambique to overtake Zim in coal mining

Research and consultancy firm Frost and Sullivan has forecast that the rising demand for energy and new power projects in southern Africa, along with escalating costs of coal, could lead to an increas...

By African Review | Published: 18 November 2013

AFRICA BUSINESS

Zambian cement plant to be commissioned in 2014

LUSAKA - Dangote Industries Zambia Limited has announced that the construction of its multi-million dollar greenfield cement plant in Masaiti District in Copperbelt Province is on course and schedule...

By Staff reporter | Published: 01 November 2013

AFRICA BUSINESS

Zambia's derivatives market to start trading

LUSAKA - Zambia's Bond and Derivatives Exchange is set to begin trading in its first product on November 5 after it signed on three clearing members, chief executive officer Allan Thomson said.Zambia ...

By Bloomberg. | Published: 29 October 2013

AFRICA BUSINESS

Sadc moots development bank

The Southern African Development Community plans to form a development bank with seed capital of $1.2 billion to provide financial support for regional infrastructure projects, it has been learnt. Spe...

By Business reporter | Published: 01 October 2013

AFRICA BUSINESS

MTN is Africa's most valuable brand

JOHANNESBURG - MTN has been recognised as the best African brand in a ranking of the continent's most admired and valuable brands by Brand Africa.The Brand Africa 100 award for the Most Admired and Va...

By Staff reporter | Published: 23 September 2013

AFRICA BUSINESS

Sadc cement sales set to surge

ABOUT a trillion US dollars will be spent on investments using cement in South Africa, Zambia and Zimbabwe between this year and 2018, according to market research house Frost and Sullivan.South Afric...

By BDLive | Published: 23 September 2013

AFRICA BUSINESS

Kenya wants to host a clearing house for China's yuan

Nairobi - Kenya wants to host a clearing house for China's yuan currency - a bold African first that would deepen the continent's ties with Beijing, already a big investor from The Cape to Cairo.Such...

By Reuters | Published: 18 September 2013

AFRICA BUSINESS

SA banks face headwinds but stable

Johannesburg - The South African banking system remains stable and well-positioned, despite international headwinds, a major professional services firm reported on Wednesday."Notwithstanding some int...

By Sapa | Published: 18 September 2013

AFRICA BUSINESS

South Africa mining bill sparks controversy

JOHANNESBURG - South Africa is open to amending a controversial mining bill that has alarmed the industry at a time when mining companies are already battling on several fronts, government members hav...

By FT | Published: 18 September 2013

AFRICA BUSINESS

SA inflation shoots up to 6.4%

Johannesburg - Consumer inflation in South Africa accelerated to 6.4% year-on-year in August from 6.3% in July, data showed on Wednesday.Economists had expected year-on-year inflation of 6.45%.On a mo...

By Reuters | Published: 18 September 2013

AFRICA BUSINESS

Retail investment into Africa tops R25m, says Imara S.P. Reid

Individual South Africans have committed more than R25 million to retail investment in sub-Saharan Africa, says Illovo-based Imara S.P. Reid Stockbrokers, believed to be the first firm to create an in...

By Carol | Published: 17 September 2013
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