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Business

Sep 26, 2018
The business cycle in South Africa, where the economy entered its first recession in almost a decade in the second quarter, is in its longest downward phase since records started…
Sep 25, 2018
The share of internal trade in Africa remains low, as reflected by official statistics. This is despite numerous regional trade agreements that have led to tariffs removal within the trading…
Sep 23, 2018
SAA is considering selling off assets after banks have refused to lend it any more money – and its debt ballooned to R15bn more than its assets at the end…
Sep 22, 2018
The Nigerian National Petroleum Corporation (NNPC) has said it recorded a trading surplus of ₦17.16 billion in April.   In a statement on Thursday in Abuja by the corporation’s Group…
Sep 21, 2018
South African food hauler AfriAg Global PLC is seeking a licence to grow dagga in the UK. The company has engaged London office of law firm, Hill Dickinson LLP, to…
Sep 20, 2018
Castle Milk Stout has been hit by a complaint to the Advertising Standards Authority following a campaign to publish clan names on beer cans.   An aggrieved consumer believes this…
Sep 19, 2018
As part of advancing regional economic integration, the leaders of Ethiopia and Eritrea signed an agreement to establish joint special economic zones.   “The two countries will develop Joint Investment…
Sep 19, 2018
The Federal Government has sold its 21 percent stake in the Nigeria Security Printing and Minting Company (NSPMC) to the Central Bank of Nigeria (CBN). The instrument to transfer 12.69…
Sep 18, 2018
One of South Africa's biggest companies is shaking things up. Media giant Naspers says it will unbundle its pay-TV unit. Naspers plans to list MultiChoice as a separate stock. The company says…
Zainab Ahmed, who is acting minister of finance, said Monday that Nigeria’s economy faced “challenging times” as she formally assumed duty. President Muhammadu Buhari appointed her to oversee the finance…
Sep 15, 2018
Volkswagen will stop making its iconic Beetle after nearly seven decades on the market, the German carmaker announced.   The first Beetles rolled off production lines in 1938. Their increasing…
The Nigeria’s inflation rate has rebounded in August for the first time since January 2017 after recording 18 consecutive months of downward trend, according to the National Bureau of Statistics…
Sep 14, 2018
Following declines in the value of shares of Nestle Nigeria, Guaranty Trust Bank, Zenith Bank and other highly capitalized stocks, the trading activity on the floor of the Nigeria Stock…
Sep 14, 2018
Twenty four states of the federation sold Petroleum Motor Spirit (PMS), otherwise known as petrol, at an average price of over N145 per litre in August, according to a new…
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