Business

Jan 20, 2018
South African cement producer PPC said on Friday it has reached agreement with lenders to reschedule the debt relating to a new $300 million plant in the Democratic Republic of…
Jan 15, 2018
Zimbabwe’s state diamond company is expected to produce at least 3 million carats this year, up 65 percent from 1.8 million in 2017, the mines minister told parliament on Monday.…
Jan 03, 2018
Steinhoff will have to restate its 2015 accounts and maybe earlier figures, the South African retailer said earlier this week, having already warned on its 2016 numbers. The owner of…
Dec 29, 2017
MTN Group, Africa’s biggest mobile phone operator, said on Thursday it had assigned a $231 million shareholder loan to phone tower group, IHS Holding Ltd, impacting its 2017 profits. MTN,…
Dec 20, 2017
Steinhoff said on Tuesday it had started to lose credit lines from lenders and was still unable to determine the scale of accounting irregularities which have wiped more than $10…
Dec 17, 2017
Steinhoff Africa Retail Ltd. said it is refinancing loans to its Frankfurt-listed parent Steinhoff International Holdings NV that amounted to about 16 billion rand ($1.2 billion) following an accounting scandal…
Dec 14, 2017
Steinhoff International Holdings NV (SNH.JO) has said that it will have to restate its 2016 financial results as part of its scrutiny into its European segment's 2017 balance sheet assets.…
Dec 05, 2017
Manufacturers and retailers seeking to stay one step ahead in Africa’s complex markets need to move beyond ‘business as usual’ - they simply cannot keep doing the same things and…
Nov 27, 2017
Africa’s largest cement Company, Dangote Cement Plc has added fillip to the on-going efforts at economic emancipation of Africa when it formally opened its 1.5mtpa capacity cement plant in Mfila,…
Nov 25, 2017
ECOWAS is set to increase excise duties on tobacco and other unhealthy products to increase revenue and reduce consumption of such products in the sub-region. The decision was part of…
Nov 24, 2017
Imports from South Africa grew by $107 million (Sh11 billion) in the first eight months of the year that saw Africa’s most industrialised economy overtake the United States in sales…
Nov 21, 2017
Bitcoin hit a new record high this week after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight…
Nov 17, 2017
Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines to rival pasta maker De United Foods Industries for 3.75 billion naira ($12.26 million),…
Nov 13, 2017
It has been a difficult year for South Africa. In September the World Bank downgraded South Africa’s 2017 growth forecast to 0.6 percent, down from 1.1 percent at the beginning…

  1. Opinions and Analysis

Calender

« January 2018 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31