AFRICA BUSINESS

Comesa seeks integrated regional transport network

THE Common Market for Eastern and Southern Africa (Comesa) is in the process of setting up a modern railway technology known as the Futran System, an automated system that can take a payload of up to ...

By Staff reporter | Published: 24 August 2017

AFRICA BUSINESS

Regional industrialisation core on Sadc indaba agenda

The SADC Council of Ministers meeting, which kicked off on Tuesday has placed regional industrialisation at the centre of its agenda. In a media briefing, South African Minister of International Relat...

By Staff reporter | Published: 17 August 2017

AFRICA BUSINESS

SA banks sued for R60bn in home repossession case

More than 225 applicants, mostly from Gauteng townships, have launched a suit in the Constitutional Court, claiming damages from the big banks for home repossession abuse.The applicants are claiming R...

By Staff reporter | Published: 16 August 2017

AFRICA BUSINESS

Zim faces Sadc grilling over import ban

INDUSTRY and Commerce minister Mike Bimha says he will justify the imposition of import restrictions when he meets his Sadc counterparts next week, adding that the affected countries should not cry fo...

By Staff reporter | Published: 11 August 2017

AFRICA BUSINESS

Tito Mboweni 'fired' as Brics bank director

Former South African Reserve Bank governor Tito Mboweni has been removed from the board of directors of the New Development Bank - commonly known as the Brics bank - after two years. According to the ...

By Staff reporter | Published: 10 August 2017

AFRICA NEWS

'Sadc region sitting on massive gas reserves'

Southern Africa is most likely sitting on massive natural gas reserves of more than 600 trillion cubic feet which the region must exploit to reduce a heavy reliance on biomass energy, a top South Afri...

By Staff reporter | Published: 04 August 2017

AFRICA NEWS

Zuma, Gupta to testify at Eskom inquiry

Thursday August 17 is D-day for Duduzane Zuma and Ajay Gupta, who are due to testify at the parliamentary inquiry into Eskom.The inquest into the state of affairs at the power utility officially start...

By Staff reporter | Published: 25 July 2017

AFRICA NEWS

SA rand recovers after surprise rate cut

The rand bounced back on Friday morning after Thursday's surprise interest rate cut hit the South African currency, as analysts predict that a weak dollar and high risk appetite will outweigh local c...

By Staff reporter | Published: 24 July 2017

AFRICA NEWS

Roadblocks, stop and searches at OR Tambo airport

The issue of crime in and around South Africa's busiest airport is being addressed at national level, with Minister of Police, Fakile Mbalula announcing added new measures to be put into place over th...

By Staff reporter | Published: 22 July 2017

AFRICA NEWS

South Africa white farmers warned on land

A Zimbabwean farmers' union leader warned white South African farmers they should agree a deal to share land with the black majority before they suffer the same fate as neighbors in Zimbabwe who were ...

By Reuters | Published: 22 July 2017

AFRICA BUSINESS

SARB cuts SA interest rates by 25 basis points

SA Reserve Bank governor Lesetja Kganyago announced on Thursday that the Monetary Policy Committee has decided to cut the interest rates."The MPC has decided to reduce the repurchase rate by 25 basis...

By Staff reporter | Published: 20 July 2017

AFRICA BUSINESS

Zwane's actions unlawful, says SA Chamber

The South African Chamber of Mines has taken legal advice following the notice by the Minister of Mineral Resources published in the Government Gazette yesterday (19 July 2017), which indicates that t...

By Agencies | Published: 20 July 2017

AFRICA BUSINESS

4 reasons why SARB should cut rates

Johannesburg - Ahead of the Monetary Policy Committee's (MPC) rate announcement, research analyst at Credit Suisse Carlos Teixeira unpacks four reasons why the Reserve Bank should consider a rate cut....

By Staff reporter | Published: 20 July 2017

AFRICA BUSINESS

SA's new mining charter suspended

The South African Chamber of Mines advises that the Minister of Mineral Resources, Mosebenzi Zwane, has given a written undertaking that the Minister and the Department of Mineral Resources (DMR), wil...

By Staff reporter | Published: 14 July 2017

AFRICA NEWS

'Zuma used lies to oust me,' says Mbeki

Johannesburg - Former president of South Africa Thabo Mbeki has resurrected the ghosts of the ANC's elective conference in Polokwane, saying lies were used to oust him. Mbeki was speaking during a mor...

By Staff reporter | Published: 14 July 2017

AFRICA BUSINESS

Richemont in trouble as luxury watch chief quits

Zurich - Swiss luxury-goods maker Richemont's head of watchmaking, once seen as a candidate to lead the entire company, is leaving less than four months after a management reorganisation put him in co...

By Staff reporter | Published: 14 July 2017

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

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