JOHANNESBURG – Shareholders of South Africa’s Steinhoff Africa Retail (STAR) have approved changing the company’s name to Pepkor Holdings in a move to further distance the company from its crisis-hit parent, Steinhoff International. Parts of […]
COLOMBO – Sri Lanka captain Suranga Lakmal won the toss and elected to bat in the second and final test as the hosts seek a 2-0 whitewash against a South African team who face […]
PRETORIA – South Africa’s central bank kept its benchmark repo rate unchanged at 6.5 percent in a unanimous decision by members of the Monetary Policy Committee on Thursday, saying risks to inflation cited at […]
The day started with reports of a tragedy, though not unusual, but a terrible tragedy nonetheless, of challenges of being a Blackman especially overseas, among a people to whom black is an inverse of decency, […]
JOHANNESBURG – South Africa’s rand retreated on Wednesday as the dollar gained after upbeat comments from the U.S. central bank. Short sellers covered their positions before local inflation data and a decision on interest rates. […]
JOHANNESBURG – South Africa’s Solidarity trade union will accept a three-year wage offer from state-run utility Eskom that would see pay hikes of 7.5 percent this year followed by annual rises of 7 percent, […]
JOHANNESBURG – South Africa’s Anglo American Platinum has invested $100 million in two venture capital funds focused on increasing demand for platinum group metals, it said on Tuesday. The investment in the two UK-based […]
By Victor Asije Lagos – The United Nations General Assembly in New York will this week embark on the celebration of the ideals that the late former South African President Nelson Mandela stood for. The […]
By Prudence Arobani New York – Former U.S. President, Barack Obama, has recommended Chinua Achebe’s “Things Fall Apart” and Chimamanda Adichie’s “Americanah” among six books for the 2018 Summer reading list. Obama took to […]
MOSCOW – Russian President Vladimir Putin plans to visit South Africa for a summit of BRICS countries on July 26-27, Kremlin foreign policy aide Yuri Ushakov said on Friday. The BRICS group of emerging […]
JOHANNESBURG – South Africa’s rand eased early on Friday as the dollar, which has been a safe haven amid global uncertainty over trade, touched 112.775 against the yen, its highest level in six months, boosted […]
(Sundiata Post) — The Government of Republic of the Sudan signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to work together towards helping the country better prepare to efficiently deal with […]
JOHANNESBURG – South Africa’s rand was firmer early on Monday, inching ahead to a new two-week best as slower-than-expected growth in wages in the United States pressured the dollar and solidified the local currency’s break […]
JOHANNESBURG – South Africa’s mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black […]
Johannesburg, – South Africa’s land redistribution drive will not affect communal lands controlled by tribal chiefs, President Cyril Ramaphosa said on Friday, in a bid to defuse growing tensions over the issue. On Wednesday Zulu […]
JOHANNESBURG – South Africa’s trade union Solidarity has been given a mandate by senior members to strike at energy giant Sasol over its plan to launch a share ownership scheme exclusively to black staff, […]
JOHANNESBURG – South Africa’s central bank said on Tuesday it did not find any indication rescheduled loans at Capitec were used to hide non-payment and boost new lending.(Reuters)
JOHANNESBURG – South Africa’s rand remained under pressure on Tuesday, heading back towards its weakest this year as a strong dollar weighed. At 0600 GMT, the rand traded at 13.8850 versus the dollar, 0.4 […]
JOHANNESBURG – A closely watched survey of South African manufacturers showed a further decline in business activity in June, pointing to lingering weakness in Africa’s most industrialised economy. South Africa’s new President Cyril Ramaphosa is […]
JOHANNESBURG – The retail price of petrol in South Africa will rise by more than 1.5 percent from July 4, while the price of wholesale diesel will rise by 1.8 percent, the energy department said […]
By Chibuike Nwabuko Abuja (Sundiata Post) – President Muhammadu Buhari will on Saturday depart Nigeria for Mauritania to participate at the 31st Ordinary Session of the Assembly of Heads of State and Government of the African […]
LONDON — ‘It’s time’ is the theme of the creative campaign developed by Clarion Gaming in support of ICE Africa, the first edition of which will take place across 24 and 25 of October at […]
Kigali – Rwanda’s first domestically built car rolled off the assembly line at Volkswagen’s new factory in Kigali on Wednesday as Europe’s biggest carmaker taps into demand for ride-sharing to expand in the region. […]
By Desmond Ejibas Port Harcourt – The Nigerian Union in South Africa (NUSA) has called on President Muhammadu Buhari to intervene in Friday’s killing of another Nigerian in South Africa. The […]
CAPE TOWN, (Sundiata Post) — In an announcement highlighting the brand’s appeal in the South African market, Marriott International (NASDAQ: MAR) (www.Marriott.com) today announced that Protea Hotels by Marriott® (www.ProteaHotels.com), has been named the […]
(Sundiata Post) — West African economies have posted better risk-reward scores for investors following increased political stability, improved commodity prices and effective public economic reforms, according to the 2018 Africa Risk-Reward Index from Control Risks […]
RICHARDS BAY – South Africa’s Richards Bay Coal Terminal (RBCT) has boosted productivity and improved turnaround times after a 1.34 billion rand ($98 million) machinery upgrade, the firm said on Thursday, as it reiterated […]
LONDON – Restructuring state-run power firm Eskom is “on top of the agenda” for South Africa, the country’s finance minister Nhlanhla Nene said on Friday, though he said recent outages likely had very little […]
CAPE TOWN – South Africa’s health minister gave his backing on Thursday to changes that would make medical insurance affordable for most people as the country shifts towards universal health insurance coverage. The […]
PRETORIA – South Africa’s current account deficit widened more than expected in the first quarter to register its largest shortfall in two years as the trade balance swung to a deficit after a steep […]
JOHANNESBURG – S&P Global Ratings does not see downside risks to South Africa’s sovereign credit rating, its Africa regional manager said on Wednesday. “A stable outlook at this point signals to you the risks […]
JOHANNESBURG – Insurer Liberty Holdings faced questions from South Africa’s Information Regulator on Monday, a day after the company said it had become the victim of a cyber attack. The regulator said it […]
JOHANNESBURG – State power utility Eskom expects full recovery of South Africa’s power system to take approximately 10 days but said the possibility of limited, localised electricity outages on Sunday remained high. Eskom, which […]
JOHANNESBURG – Fitch affirmed South Africa’s sub-investment grade credit rating and kept its stable outlook on Friday, citing signs of recovery in governance standards and prospects of mild cyclical economic recovery. Fitch rates both South […]
JOHANNESBURG – South Africa suffered power outages for the second straight day on Friday following protests over wages at national electricity provider Eskom, in a test of President Cyril Ramaphosa’s resolve to cut costs […]
JOHANNESBURG – Two people were stabbed to death on Thursday at a mosque in South Africa’s Malmesbury in the Western Cape before the attacker was shot dead by police. The attack comes a month after […]
JOHANNESBURG – South Africa’s rand slipped to a 6-month low against the dollar early on Wednesday, with investors waiting for local retail sales figures and the U.S. Federal Reserve’s policy decision later in the […]
By Nse Anthony-Uko (Sundiata Post) – Africa’s overall mobile phone market remained flat in Q1 2018 although smartphone shipments declined for the second successive quarter, according to the latest insights from International Data Corporation (IDC). […]
WINDHOEK – MTN Group, Africa’s biggest mobile telecoms firm, is aiming to launch a mobile service in Namibia around the end of August, a company executive told Reuters. Currently state-owned operator MTC dominates in […]
DURBAN – England lock Joe Launchbury lost his race to be fit for the first test against South Africa on Saturday as coach Eddie Jones again named Mike Brown on the wing. Jones […]
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