AFRICA NEWS

Roadblocks, stop and searches at OR Tambo airport

The issue of crime in and around South Africa's busiest airport is being addressed at national level, with Minister of Police, Fakile Mbalula announcing added new measures to be put into place over th...

By Staff reporter | Published: 22 July 2017

AFRICA NEWS

South Africa white farmers warned on land

A Zimbabwean farmers' union leader warned white South African farmers they should agree a deal to share land with the black majority before they suffer the same fate as neighbors in Zimbabwe who were ...

By Reuters | Published: 22 July 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 NEWS

'Zuma used lies to oust me,' says Mbeki

Johannesburg - Former president of South Africa Thabo Mbeki has resurrected the ghosts of the ANC's elective conference in Polokwane, saying lies were used to oust him. Mbeki was speaking during a mor...

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 NEWS

South Africa 'must get out of ICC'

The International Criminal Court "is dangerous" and South Africa should withdraw from it, ANC secretary-general Gwede Mantashe said yesterday.Mantashe was defending the government's decision not to ar...

By Reuters | Published: 23 June 2015

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 NEWS

SA metal workers threaten strike

JOHANNESBURG - Numsa announced yesterday that more than 220 000 of its members in the steel and metal workers sector would embark on a strike across the country this week."The national executive commi...

By Fin24. | Published: 30 June 2014

AFRICA NEWS

SA inflation rate rose to 6% in March

South Africa's annual inflation touched the upper limit of the central bank's target range in March, data showed Wednesday, raising expectations that the bank will hike interest rates next month.South...

By WSJ | Published: 23 April 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 NEWS

Nigeria surpasses SA as Africa's biggest economy

LAGOS - New data has revealed that Nigeria has overtaken South Africa as the continent's largest economy after a rebasing calculation nearly doubled its GDP. Gross Domestic Product (GDP) for 2013...

By Reuters | Published: 07 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 NEWS

SA must wipe economic inequality to honour Madiba

American civil rights leader Jesse Jackson says it's time for South Africa to wipe out economic inequality. Jackson says the lives of millions of South Africans who still live in poverty need to be u...

By CNBC Africa filed this report. | Published: 13 December 2013

AFRICA NEWS

Brand Madiba's business legacy

THE recent global attention and prayers for Madiba’s passing only served to cement what we already knew - seldom has any public figure been so loved by so many, and for so long.In fact, I would go s...

By Anton Ressel I Fin24 | Published: 09 December 2013

AFRICA NEWS

Nelson Mandela dies

NELSON Mandela, South Africa's first democratically elected president and an icon of peace and reconciliation the world over, has died at the age of 95.The announcement was made by President Jacob Zum...

By Riaan Wolmarans and Natasha Marrian with Wyndham Hartley, Reuters, Sapa-AP and Sapa | Published: 06 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
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