21/03 Tencent Holdings
signalled it will reduce its reliance on gaming in China, where
a regulatory review and one-off investment costs led to its
sharpest-ever quarterly profit drop and slowest annual profit
growth in 13 years.. . .
19/03 South Africa's rand
steadied on Tuesday as the prospect of rolling blackouts and
downbeat economic data offset expectations that a dovish tone at
this week's U.S. Federal Reserve policy meeting could lift
emerging market assets.. . .
19/03 Zimbabwe expects to raise $350
million from selling shares in five state-owned
telecommunications companies and a bank, as part of economic
reforms being pursued by the government, Finance Minister Mthuli
Ncube said on Tuesday.. . .
18/03 Tanzania has ordered all
mineral-producing regions in the East African nation to set up
government-controlled trading centres by the end of June,
accelerating efforts to curb illegal exports of gold and other
precious minerals.. . .
18/03 Former Steinhoff
chairman and top shareholder Christo Wiese said on Monday he is
open to negotiations over a $4 billion claim against the South
African retailer, days after it revealed the scale of a
devastating. . .
15/03 South Africa's labour court
has rejected a request by platinum and gold sector union the
Association of Mineworkers and Construction (AMCU) to hold an
industry-wide strike, a spokesman for mining firm Anglogold
Ashanti said on. . .
14/03 The South African rand
fell on Thursday, hurt by subdued appetite for emerging market
assets and data showing that output in two key industrial
sectors of mining and manufacturing remained weak, while the
stock market. . .
13/03 South African telecoms firm MTN
Group Ltd expects its Nigerian subsidiary to list on
the local stock exchange "probably more towards April and May",
the unit's chief executive said on Wednesday.. . .
12/03 FirstRand will
likely need to shrink its branch network over the next decade as
South Africa's largest retail bank looks to digitise and adopt a
platform model offering services beyond banking, CEO Alan
Pullinger said. . .
12/03 South African builder
Group Five filed for bankruptcy protection on Tuesday
after lenders pulled funding, threatening the collapse of one of
the biggest names in the local construction industry and more
than 8,000 jobs.. . .
11/03 Shares in South Africa's
Tongaat Hulett fell more than 14 percent on Monday
after its chief executive said last week that a review of past
accounting practices at the firm could affect previously
reported financial. . .
11/03 Shares in South Africa's
Tongaat Hulett fell more than 14 percent early on
Monday, after its announcement last week that it had appointed
PricewaterhouseCoopers (PwC) to review past accounting
practices.. . .
07/03 Multinational drugmaker
Aspen Pharmacare said it will split its South African
Commercial Pharmaceuticals business into two distinct divisions
as part of a strategic review of its South African and European
operations.. . .
07/03 South Africa's rand fell
on Thursday, tracking the euro lower after the European Central
Bank pushed back its forecast for an interest rate hike and
offered banks more cheap loans, while at home state. . .
06/03 Banking group Sasfin
and money transfer service Hello Paisa will launch a
bank in South Africa this year, hoping to bring thousands of
people into the financial system for the first time, the firms
said. . .
05/03 Zimbabwe on Tuesday allowed
mining companies and other businesses to import their own fuel
following shortages that have gripped the economy in the last
six months due to a severe dollar crunch, a cabinet. . .
05/03 Growing unrest at
Sibanye-Stillwater's South African gold operations has left nine
people dead since workers downed tools in November, prompting
the country's mines minister to call on the police to step in
and protect the. . .
05/03 South Africa's AngloGold
Ashanti agreed to sell its interest in Northern
Colombia Holdings Limited to Royal Road Minerals Limited
to focus on its other Colombian exploration projects, it said on
Tuesday.. . .
04/03 South Africa's rand ended
firmer on Monday, boosted by growing hopes of a trade deal
between the United state and China, but trading was cautious
ahead of crucial local and offshore data that could. . .
01/03 The South African rand
extended losses against a stronger dollar on Friday, after
breaching the 14.00 to the dollar mark in the previous session,
as doubts over the fate of a U.S.-China trade deal. . .
28/02 South Africa's Imperial
Logistics Ltd said on Thursday that it expects its
full-year operating profit to be lower than last year due to
rising costs and slow economic growth in its home market.. . .
28/02 South Africa's labour court
has ordered a mineworkers' union to suspend its plans for an
industry-wide strike from Feb. 28 to March 7 until it issues a
ruling on whether to block the action,. . .
27/02 South Africa's rand
weakened on Wednesday as risk demand in global markets was
soured by an escalation in tensions between India and Pakistan,
prompting investors to flee into safe haven assets.. . .
27/02 South African insurer
Liberty Holdings has agreed to sell its technology
platform, which supports its short-term insurance business, to
Standard Bank Group Ltd for 145 million rand ($10.45
million).. . .
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