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South African dairy firm Clover says in takeover talks, shares soar

19/10 Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all its shares.  Full story

Investec asset management buys stake in South African school firm

18/10 Investec Asset Management, a subsidiary of Investec , has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.  Full story

South Africa's rand firms; Clover shines in flat stock market

19/10 South Africa's rand firmed on Friday, tracking a broad rally in emerging markets, as investors awaited the new finance minister's medium-term budget speech and consumer price inflation numbers due next week.  Full story

Most Read This Week

Investec asset management buys stake in South African school firm

18/10 Investec Asset Management, a subsidiary of Investec , has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.  Full story

South Africa's Nedbank to buy back shares from minority shareholders

15/10 South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old Mutual.  Full story

South Africa's Ramaphosa orders inquiry at $142 billion state pension fund

18/10 South Africa's President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations.  Full story

 

SA Business

Court to hear MTN's case against Nigeria's central bank in $8.1 bln transfer row

20/10 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1 billion of funds by the telecoms firm, has been set. . .  Full story

South Africa's rand firms; Clover shines in flat stock market

19/10 South Africa's rand firmed on Friday, tracking a broad rally in emerging markets, as investors awaited the new finance minister's medium-term budget speech and consumer price inflation numbers due next week.. . .  Full story

South Africa seen planting 7 percent more maize hectares next season

19/10 South African farmers are forecast to plant 7 percent more hectares of maize in 2018/2019 compared with the current season in anticipation of improved weather, a Reuters poll of four analysts. . .  Full story
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SA Company

South African dairy firm Clover says in takeover talks, shares soar

19/10 Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all. . .  Full story

South African dairy firm Clover says in takeover talks, shares jump

19/10 South Africa's Clover Industries said on Friday it has entered into talks with an unnamed party that intends to acquire the entire issued share capital of the dairy company, sending its shares up nearly 12. . .  Full story

MTN Ghana revenue rises, driven by mobile money service

19/10 MTN Group said on Friday its Ghana unit's third quarter revenue grew around 23 percent boosted by its mobile money service MoMo.. . .  Full story
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Live News Wire

Germany's Merkel promises legislation to ward off diesel driving bans

20h19 German Chancellor Angela Merkel, campaigning for her Christian Democrats (CDU) to retain control of the crucial state of Hesse in next Sunday's election, promised legislation to ward off the threat of air pollution leading to driving bans.  Full story

Italy expects EU budget rejection on Tuesday -source

19h47 The Italian government expects the European Commission to decide for the first time ever on Tuesday to ask a member state to revise its draft budget, a government source said on Sunday.  Full story

Italy expects EU's decision on budget on Tuesday -source

19h06 Italy's government expects the European Commission to take on Tuesday the unprecedented decision of asking a member state to amend and resubmit its draft budget, a government source said on Sunday.  Full story
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Europe

Five-Star leader says he will defend Italy's euro membership

18h20 Italy's Deputy Prime Minister and Five-Star leader Luigi Di Maio said on Sunday he was committed to preserving the country's membership of the euro zone.. . .  Full story

US's Mnuchin says it will be harder for Iran oil importers to get waivers

17h28 U.S. Treasury Secretary Steven Mnuchin said on Sunday it will be harder for countries to get waivers on Iran oil sanctions than during the Obama administration and dismissed concerns that oil prices could rise, saying. . .  Full story

UK's Raab says open to extending Brexit transition as PM May's critics step up attacks

14h33 Britain could accept extending the post-Brexit transition period by a few months if the European Union drops its proposals for a so-called Northern Irish backstop, Britain's Brexit minister Dominic Raab said on Sunday.. . .  Full story
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US

U.S. TREASURY SECRETARY MNUCHIN SAYS COUNTRIES MUST REDUCE OIL PURCHASES FROM IRAN BY MORE THAN OBAMA ADMINISTRATION'S LEVEL OF 20 PERCENT BEFORE THEY QUALIFY FOR WAIVERS FROM U.S. SANCTIONS

17h22 . . .  Full story

Top German politicians press Siemens boss to skip Saudi conference

13h37 Siemens boss Joe Kaeser came under pressure from senior German politicians on Sunday to pull out of an investment conference in Saudi Arabia next week following Saudi journalist Jamal Khashoggi's death.. . .  Full story

MOVES-Goldman Sachs changing Asia investment banking leadership - source

13h10 Goldman Sachs Group Inc's veteran banker Todd Leland will become Asia investment banking head, a person with knowledge of the matter said on Sunday, adding to leadership changes at the bank since Chief Executive Officer. . .  Full story
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Asia

Iraq's Luaibi reverses INOC decree, says it aims to produce 7 mln bpd

20/10 Iraqi Oil Minister Jabar al-Luaibi has reversed his decision to transfer the ownership of nine state-owned oil companies from the ministry to the newly formed National Oil Company, the ministry said on Saturday.. . .  Full story

New Iraqi National Oil Company aims to produce 7 mln bpd -oil minister

20/10 Iraq is seeking to produce 7 million barrels of oil per day (bpd) through its newly established National Oil Company and to export 4 million bpd in 2019, Oil Minister Jabar al-Luaibi said on. . .  Full story

Tunisia to sell Eurobonds worth $1 bln early next week - government source

20/10 Tunisia will sell Eurobonds worth $1 bln early next week, a government source said on Saturday.. . .  Full story
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Forex

Mnuchin dismisses risk of contagion from China's economic slowdown

17h22 U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China's weakest economic growth since the global financial crisis could spill into other emerging markets and destabilise U.S. financial markets.. . .  Full story

MNUCHIN SAYS DOES NOT SEE CONTAGION RISK FROM CHINA OR ANY OTHER COUNTRIES CURRENTLY EXPERIENCING ECONOMIC ISSUES

17h18 . . .  Full story

U.S. TREASURY SECRETARY MNUCHIN SAYS HE DOES NOT FEEL THAT SLOWING CHINESE ECONOMY WILL DESTABILISE U.S. FINANCIAL MARKETS

17h18 . . .  Full story
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Africa

Nigerian unions threaten to resume strike unless government acts on minimum wage

20h44 Nigerian trade unions may resume a nationwide strike if the government fails to publicly agree to a proposed increase in the minimum wage and to set about putting it into law, three union federations. . .  Full story

African bank Oragroup to launch largest ever IPO on Abidjan bourse

19/10 Panafrican banking group Oragroup plans to raise 56.92 billion CFA francs ($101 million) via the largest ever initial public offering (IPO) on the Abidjan Stock Exchange (BRVM), the company said on. . .  Full story

Morocco sees government's budget deficit narrowing in 2019

19/10 Morocco's 2019 draft budget forecasts a deficit narrowing to 3.3 percent of gross domestic product in 2019, down from 3.8 percent expected in 2018, a government statement said on Thursday.. . .  Full story
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