JOHANNESBURG – Virgin Money South Africa will launch a zero monthly fee bank account and cheap cross-border payments on its financial technology app, and could eventually roll this out in other developing markets, its CEO […]
JOHANNESBURG – South Africa’s manufacturing output hit its highest in two years, rising 4.6% year-on-year in April after increasing by a revised 1.3% in March, the statistics agency said on Tuesday. Economists polled by Reuters […]
Southampton – South Africa laboured to 29 for two from 7.3 overs before rain stopped play in their must-win Cricket World Cup clash against the West Indies at the Rose Bowl on Monday. West Indies […]
PRETORIA – Early vote tallies suggest South Africa’s ruling ANC party will retain power after an election on Wednesday, but analysts said its share of the vote could fall below 60 percent for the first […]
JOHANNESBURG – South Africa’s Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less than originally […]
JOHANNESBURG – South African miner Anglo American Platinum Ltd’s (Amplats) first quarter production fell 6 percent, hit by problems at power supplier Eskom, operational challenges and ore stockpiling in the same period the year before. […]
JOHANNESBURG – More than 50 people were killed in southern and eastern parts of South Africa after heavy rains caused flooding and mudslides, authorities said on Wednesday. Rescue workers were digging through collapsed homes and […]
MUMBAI – South Africa are loaded with match-winners and, with a little bit of luck, can end their World Cup agony at this year’s 50-over tournament in England, fast bowler Dale Steyn has said. South […]
JOHANNESBURG – South Africa’s new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher […]
JOHANNESBURG – South Africa’s Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday. Miners […]
PRETORIA – South Africa’s foreign direct investment more than doubled in 2018 to reach its highest in five years, the central bank said on Wednesday, giving a boost to President Cyril Ramaphosa’s pledge to woo […]
JOHANNESBURG – South African lender Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said on Thursday. South Africa’s lenders, like […]
JOHANNESBURG – FirstRand, which runs South Africa’s largest retail bank by market share, on Tuesday reported a 6 percent rise in half-year profit in an economic environment it described as “very challenging”. The lender said […]
JOHANNESBURG – South Africa captain Faf du Plessis scored an unbeaten century to lead his side to a comfortable eight-wicket victory over Sri Lanka in the first One-Day International at The Wanderers on Sunday. After […]
CAPE TOWN – Cricket South Africa have not renewed the contracts of frontline spinner Imran Tahir, and all-rounders JP Duminy and Chris Morris, for the 2019/20 season, the union announced on Friday. Tahir and Duminy […]
JOHANNESBURG – Massmart Holdings Ltd, one of South Africa’s top retailers, said on Thursday its full-year headline earnings fell by 31.7 percent, weighed down by lower-than-expected sales, rise in expenses and one-off costs. Shoppers load […]
PORT ELIZABETH – South Africa captain Faf du Plessis won the toss and elected to bat first in the second and final test against Sri Lanka at St George’s Park on Thursday The home side […]
JOHANNESBURG – Precious metal miner Sibanye-Stillwater posted a full-year attributable loss of 2.5 billion rand ($178.10 million) on Thursday, hit by multiple disruptions at its South African gold operations and a deferred tax charge. The […]
South Africa’s largest technology group EOH Holdings said on Wednesday its founder and Chief Executive Officer Asher Bohbot would resign from the board, effective Feb. 28. The resignation of Bohbot, who has been at the […]
JOHANNESBURG – South Africa’s AngloGold Ashanti reported higher full-year earnings on Tuesday, boosted by lower amortisation after the closure and sale of some of its assets, and a higher income from its Kibali operations. A […]
Cape Town – China’s Huawei will build two data Centres in South Africa from March, it said, as part of plans to expand cloud services across Africa. “The company is working with South African partners […]
JOHANNESBURG – Activity in South Africa’s private sector deteriorated slightly in January as output and new orders fell while exports rose, a survey showed on Tuesday. IHS Markit’s Purchasing Managers’ Index (PMI) rose to 49.6 […]
CAPE TOWN – Three power plants operated by South Africa’s Eskom have below 10 days of coal stockpiles, Eskom’s Chief Operating Officer Jan Oberholzer said on Thursday. Such low coal stockpiles put those plants at […]
JOHANNESBURG – South Africa’s deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at […]
Pretoria – South Africa’s agricultural industry body AgriSA says it will approach banks, agribusiness and government to raise 3 billion rand ($220 million) to help farmers hit by severe drought. The agency’s Executive Director, Omri […]
By Patrick Anaso Awka – Mr Uche Onwurolu, the President, Anambra State Associations (ASA) in South Africa, has urged the Federal Government to introduce Diaspora voting in future elections. He told the News Agency of […]
Johannesburg – The World Bank says South Africa’s economic growth will accelerate to 1.3 per cent in 2019 from an estimated 0.9 per cent in 2018. The World Bank, in its latest report on Tuesday […]
JOHANNESBURG – South African retailer International Holdings N.V. said on Tuesday a former partner firm of its European operations claims it is owed about 291 million euros ($331 million) by the company. Steinhoff is in […]
JOHANNESBURG — South Africa’s Shoprite said on Monday it would appeal against a 20 million rand ($1.4 million) fine handed to its ticket-selling subsidiary by the country’s Competition Tribunal, which found agreements signed by the […]
JOHANNESBURG – South Africa turned down a request from its southern African neighbour Zimbabwe for a $1.2 billion loan in December, a spokesman for the finance ministry said on Monday. “South Africa doesn’t have that […]
PRETORIA – South Africa’s central bank kept its benchmark repo rate unchanged as expected at 6.75 percent on Thursday, saying it had taken note of an improvement in the near-term inflation outlook. Governor […]
JOHANNESBURG – Captain Warren Whiteley has returned to training with South African Super Rugby side the Lions after suffering a calf injury with the Springboks in November, coach Swys de Bruin said. The 31-year-old, who […]
JOHANNESBURG – Shares in Woolworths fell more than 8 percent on Thursday after the South African department store operator posted slower half-year sales growth and said it expected its headline earnings to drop by […]
JOHANNESBURG – South Africa is aiming to finalise a long-term plan for the country’s energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister […]
JOHANNESBURG – South Africa’s ruling African National Congress has no intention to tinker with the independence of the Reserve Bank, President Cyril Ramaphosa said on Wednesday, after the party said the central bank should broaden […]
KAMPALA – Uganda’s President Yoweri Museveni has criticised the telecommunications regulator after it slashed MTN Uganda’s fee for renewing its telecoms licence, according to a letter seen by Reuters. Local media reported […]
JOHANNESBURG – South African retailer Woolworths has removed a baby carrier from its shelves, admitting it had “striking similarities” to a product offered by a small boutique retailer. The company found itself at […]
Johannesburg – No fewer than three people were killed and about 300 injured on Tuesday after two trains collided in the South African capital Pretoria, an emergency services official said. It said that the crash, […]
JOHANNESBURG – South Africa’s net foreign reserves rose to $43.091 billion by the end of December from $42.577 billion a month earlier, the country’s central bank said on Tuesday. Gross reserves rose to $51.641 billion […]
CAPE TOWN – South Africa moved past Pakistan’s first innings total as captain Faf du Plessis scored a dogged 33 not out to take his side to 188 for four at lunch on […]
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