Individual South Africans have committed more than R25 million to retail investment in sub-Saharan Africa, says Illovo-based Imara S.P. Reid Stockbrokers, believed to be the first firm to create an in...
The project is to be implemented in the country's three main islands (Grande Comore, Anjouan and Mohéli)TUNIS, Tunisia - The Comoros Energy Sector Support Project will receive grants totaling US $20....
LAGOS - Nigerian President Goodluck Jonathan has sacked nine ministers in his first major cabinet reshuffle since winning an election more than two years ago, a presidency spokesman said on Wednesday....
JOHANNESBURG - PETROCHEMICALS company Sasol has yet to make a decision on whether to proceed with investments in developing two commercial oil and gas fields in Mozambique.Group CEO David Constable sa...
Johannesburg -The Chamber of Mines said on Wednesday that wage settlements in the gold sector would amount to R1.5bn in extra costs for companies over the next 12 months.Companies and unions agreed to...
Angola - South African-based Spar Group has announced that it will join forces with an Angolan company to open a store in the country's capital, Luanda, within the next six months.Spar Group finance d...
Pretoria - South Africa's current account deficit widened more than expected to 6.5% of GDP in the second quarter of 2013 from 5.8% in the first quarter as the trade gap rose substantially, the Reser...
JOHANNESBURG - Some striking South African gold mine workers have accepted a new wage offer from producers and started returning to work Friday, a union leader said.National Union of Mineworkers (NUM...
Zimbabwe, together with other Southern African Development Community countries, is working on a framework that seeks to comprehensively address labour migration and migration management in the region....
Johannesburg - Most gold mines have been severely affected by the sector strike, the Chamber of Mines said on Wednesday.Gold producers' representative spokesperson Charmane Russell said fewer than 20%...
Zambia's statistics agency estimates that a re-basing exercise later this year will show that the country's US$20,7 billion economy is a fifth bigger than currently measured as its mining industry has...
RONINGEN - If National Union of Mineworkers spokesman, Lesiba Seshoka is to be believed, the gold sector strike that begins this evening could last a great deal longer than most people are expecting."...
JOHANNESBURG - The ongoing strike by South Africa's 30 000 automobile industry workers will heavily impact on the Southern African Development Community member states who benefit from the country's bu...
Johannesburg - South African stocks hit record highs for the third straight trading session on Tuesday, edging up as the weaker rand currency helped to lift battered stocks like Impala Platinum (Impla...
Pretoria - South Africa's economic growth quickened to 3.0% quarter-on-quarter in the second quarter of 2013, compared with 0.9% in the first quarter, Statistics South Africa said on Tuesday.On an un...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...