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 NEWS

White South African farmers packing for Perth

Australian Minister of Home Affairs Peter Dutton on Wednesday said his department is looking into methods that would facilitate the fast-tracking of visas for white South African farmers who want to r...

By Staff reporter | Published: 14 March 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 NEWS

MDC-T recalls Manyenyeni

MDC-T has recalled Harare mayor Councillor Bernard Manyenyeni for allegedly failing to implement party directives at the cash-strapped local authority.Clr Manyenyeni will, however, continue as Ward 17...

By Staff reporter | Published: 14 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 NEWS

White Zimbabwean farmer returns home in style

SPIRIT mediums and traditional leaders yesterday led a cleansing ceremony at Lesbury farm in Rusape as Robert Smart and his family made a grand return to the farm over six months after they were evic...

By Staff reporter | Published: 07 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 NEWS

JSE hit by a technical glitch, to be shut down

THE JOHANNESBURG Stoch Exchange has been hit by a technical glitch on the Equity Market and also on the Equity Derivatives Market.In a statement to its clients, the JSE said it was dealing with a pro...

By Staff reporter | Published: 21 September 2017

AFRICA NEWS

SA starts processing permits for Zimbabweans

SOUTH Africa has started accepting new applications for permits that would allow Zimbabweans to stay in the neighbouring country for the next four years.The Zimbabwean Exemption Permit (ZEP) replaces ...

By Staff reporter | Published: 18 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 NEWS

SA introduces new rules for Zim permit holders

The South African government has announced new regulations for the new four-year, non-renewable permit for nearly 200 000 Zimbabweans working and studying in South Africa.The new permits, known as the...

By Staff reporter | Published: 08 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 NEWS

Namibia freezes nursing posts for Zimbabweans

THE Namibian government has suspended the recruitment of all foreign nurses, among them Zimbabweans, while the period of extensions of contracts for foreign doctors has been slashed from four to two y...

By Staff reporter | Published: 01 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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