AFRICA BUSINESS

Elumelu calls on African entrepreneurs to take business to BRICS

JOHANNESBURG - During a panel discussion held at the first BRICS Business Council meeting in Johannesburg this week, African business leader Tony O Elumelu, Chairman of Heirs Holdings,  called on...

By APO | Published: 27 August 2013

AFRICA BUSINESS

South Africa Auto strike may spread to gold, construction

Strikes that have shut plants owned by Toyota Motor Corp and General Motors Co in South Africa may spread to gold mines and construction companies, threatening more than 10 percent of the economy's ou...

By Bloomberg | Published: 26 August 2013

AFRICA BUSINESS

VTB halts Mozambique sovereign debt plan after clashes

Rebel clashes with government forces in Mozambique has prompted VTB Group, Russia's second-largest bank, to halt a proposed sovereign debt transaction in the country. Rebels tied to the opposition Moz...

By Bloomberg | Published: 23 August 2013

AFRICA BUSINESS

SA carmaker talks resume on fourth strike day

JOHANNESBURG - South African workers at carmakers including Toyota Motor Corp, Bayerische Motoren Werke AG (BMW) and General Motors Co will strike for a fourth day today while employers reopen wage ta...

By Bloomberg | Published: 22 August 2013

AFRICA BUSINESS

General Electric upbeat on Africa's economic prospects

VENTURES AFRICA - The global power utility, General Electric, on Monday said it was happy to do business in Africa, particularly East Africa, as the continent was facing a firm economic surge.Jay Irel...

By Business reporter | Published: 22 August 2013

AFRICA BUSINESS

SA inflation exceeds 6% target

South African inflation exceeded the 6 percent upper limit of the central bank's target for the first time in 15 months as a weaker rand boosted fuel costs.The inflation rate rose to 6.3 percent in Ju...

By Rene Vollgraaff | Published: 21 August 2013

AFRICA BUSINESS

2 000 miners rally over Amplats job cuts

Rustenburg-Around 2 000 mineworkers converged at an Anglo American Platinum mine in the restive platinum belt on Tuesday over plans by the world's top producer to cut 6 900 jobs amid unrest in the sec...

By AFP | Published: 21 August 2013

AFRICA BUSINESS

No ban on SA's labour broking

Cape Town - The South African National Assembly on Tuesday adopted the labour relations amendment bill, which curtails labour broking but stops short of a ban.It was passed with 248 votes to 81, after...

By Sapa | Published: 20 August 2013

AFRICA BUSINESS

Malawi eyes Harare, Lilongwe flights

Newly-formed Malawi Airline Limited (MAL) plans to resume direct flights between Harare and Lilongwe.With the flights having been suspended in 2004 by troubled national carrier Air Malawi due to oper...

By Business reporter | Published: 20 August 2013

AFRICA BUSINESS

SADC to finalise proposed development fund

The Southern African Development Community is finalising the modalities of a long-awaited development fund to accelerate the regional integration agenda.According to a document released ahead of the ...

By Staff reporter | Published: 19 August 2013

AFRICA BUSINESS

I-Net Bridge sold to McGregor BFA

Cape Town - Times Media Group is selling I-Net Bridge for R115m to McGregor BFA, which is owned by Naspers, according to a SENS report released on Thursday.I-Net provides a wide range of investment pr...

By Business reporter | Published: 08 August 2013

AFRICA BUSINESS

Zimbabwe to host African business summit

ZIMBABWE will tomorrow host the inaugural African Business Leadership (ABL) Summit in Harare.The summit, which will bring together international business leaders, scholars, policymakers and industry e...

By Business reporter | Published: 07 August 2013

AFRICA NEWS

Pick n Pay embarks on retrenchment drive

Pick n Pay hopes to trim jobs across the country as it implements a turnaround strategy, Business Day reported on Wednesday.The retailer is offering voluntary retrenchments to workers in its head offi...

By fin24 | Published: 07 August 2013

AFRICA BUSINESS

Kenya revokes all new mining licences

Nairobi - Kenya on Monday revoked all mining licences granted in the months before and after March elections and announced that it was hiking royalties paid by companies operating in its nascent minin...

By Business reporter | Published: 06 August 2013

AFRICA NEWS

Obama presses for US-Africa trade pact to be renewed

WASHINGTON - President Barack Obama is mounting an early push to extend a trade pact with sub-Saharan African countries set to expire in 2015 which is seen a cornerstone of US-African economic relatio...

By FT | Published: 06 August 2013

AFRICA BUSINESS

Air Botswana buys faulty planes

Two brand new aircrafts acquired by Air Botswana in 2009 for close to P280 million have been singled out as unfit for purpose, a parliamentary committee has reported. The committee on statutory bodies...

By Business reporter | Published: 30 July 2013

AFRICA NEWS

S. African internet users hit 14 million

The internet usage has significantly grown in South Africa this year, already involving 14 million people, a survey said on Wednesday."The number of people with access to the web is higher than though...

By Staff reporter | Published: 25 July 2013

AFRICA BUSINESS

SA unions declare wage dispute with gold sector

JOHANNESBURG - Bruising wage negotiations between South African goldminers and workers look to have stalled after unions declared an official wage dispute, which could bring more trouble for beleagu...

By Sapa | Published: 25 July 2013

AFRICA BUSINESS

'Embrace inclusive business in Africa'

The UN Development Programme says Africa should embrace inclusive business, a concept that brings together low-income people in a value chain, as a means of poverty alleviation while also achieving ot...

By Staff reporter | Published: 23 July 2013

AFRICA BUSINESS

Ethiopian Airlines buys 49% stake in Air Malawi

Ethiopian AIRLINES has announced that it is now the strategic partner of Air Malawi after acquiring 49 percent equity in the latter.The remaining 51 percent is held by the Malawian government and Mala...

By Business Reporter | Published: 18 July 2013

AFRICA NEWS

More than 200 SA youths demand share of mine's wealth

Barberton - More than 200 unemployed youth in Mpumalanga have marched to the Fairview mine in Barberton, Mpumalanga, demanding a share of the company's wealth.A Sapa correspondent reported that the gr...

By Sapa | Published: 17 July 2013

AFRICA NEWS

Islamists rally against Morsi's ousting

Cairo - Tens of thousands of supporters of Egypt's Muslim Brotherhood on Friday protested in Cairo in mass rallies called to reject the military's ouster of Islamist president Mohammed Morsi."May God ...

By AFP | Published: 05 July 2013

AFRICA BUSINESS

SA Express Airlines to increase Zimbabwe flights frequency

South Africa Express Airlines, which launched its Harare-Durban route in November last year, yesterday said it would increase its frequency on the route to four flights per week next month owing to ...

By Staff reporter | Published: 04 July 2013

AFRICA NEWS

Morsi refuses to quit amid new bloodshed

Cairo - Egypt's President Mohamed Morsi vowed he would not quit despite mass protests demanding his resignation and an army ultimatum as fresh deadly violence rocked capital Cairo.In a televised addre...

By AFP | Published: 03 July 2013

AFRICA NEWS

Zuma approval ratings hit a low

Johannesburg - South Africa President Jacob Zuma's approval levels in urban areas have stabilised close to their lowest point since the last general election, a survey revealed on Monday.Zuma's approv...

By Sapa | Published: 01 July 2013
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