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 […]
JOHANNESBURG – South Africa’s rand traded firmer early on Wednesday, benefiting from a weaker dollar and optimism over a possible resolution to the trade war between the United States and China. […]
JOHANNESBURG – South Africa’s rand gained early on Monday in low-volume trade ahead of a holiday-shortened week, as political instability in the United States curbed the dollar’s recent surge. At 0630 GMT, the rand was […]
JOHANNESBURG – South Africa’s Competition Commission on Thursday recommended Shoprite’s retail unit, which houses the country’s biggest supermarket chain, be fined 10 percent of its turnover for anti-competitive behaviour. Shoprite shares fell more than 4 […]
JOHANNESBURG – South Africa’s state asset manager has quietly bought up almost 90 percent of cash-strapped arms manufacturer Denel’s bonds in the past 12 months, data from the country’s main securities depositary showed. The previously […]
Johannesburg – South Africa’s President Cyril Ramaphosa said on Thursday that a debt swap for cash-strapped state power firm Eskom would spiral the country into more debt. He said that there was need to […]
JOHANNESBURG – South Africa’s rand opened firmer on Wednesday, extending gains from the previous session as signs of thawing U.S.-China trade tensions boosted risk appetite, while a jump in industrial output locally also spurred demand […]
JOHANNESBURG – African fibre company Liquid Telecom has won a $180 million investment from British development finance agency CDC Group, which the firm said it will use to deliver high-speed broadband further into […]
JOHANNESBURG – South Africa’s manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further […]
JOHANNESBURG – South Africa’s manufacturing output beat consensus to rise by 3.0 percent year-on-year in October following a revised 0.1 percent contraction in September, the statistics agency said on Tuesday. Statistics South Africa […]
By Desmond Ejibas Port Harcourt – Osita Okeke, Chairman, Nigeria Football Supporters Club, South Africa chapter, says the Super Falcons can qualify from their group in spite of tough opponents in the 2019 FIFA […]
CAPE TOWN – South Africa have named uncapped middle-order batsman Zubayr Hamza and fast bowler Duanne Olivier in their squad for the three-test home series against Pakistan starting in Pretoria on Boxing Day. Cape […]
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