Business

Jan 31, 2018
Consumer confidence in South Africa improved slightly in the fourth quarter, reflecting stronger-than-expected economic growth in previous quarters, a survey showed on Wednesday. The consumer confidence index, sponsored by First…
Jan 29, 2018
South African utility Eskom will publish interim financial results on Tuesday, the company said, in time to meet a Jan. 31 deadline set by the Johannesburg Stock Exchange, which had…
Jan 27, 2018
The IMF recently revised South Africa’s economic growth forecast downward for 2018, following a stressful 2017, marked by uncertainty and serious public scrutiny, with business confidence hitting a 30-year low.…
Jan 24, 2018
IMF chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Ramaphosa on the sidelines of the World Economic Forum in Davos and agreed that…
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…

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