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

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 NEWS

Africa's unemployment figures 'frightening'

Geneva - The planet's poorest nations such as Angola and Ethiopia have largely failed to cash in on booming economic growth to create the jobs needed to push their ballooning populations out of povert...

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
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