18.6 C
South Africa
Tuesday, November 13, 2018

South Afica’s Sasol to reverse provision over tax dispute

JOHANNESBURG  - South African petrochemicals group Sasol said on Friday it will reverse a provision of 1.3 billion rand after a previous unfavourable ruling...

Nigeria’s Diamond Bank has not received offers of cash from investors

ABUJA - Nigeria's Diamond Bank said on Friday that no investors had come forward to inject cash into the company and that its board...

Tiger Brands says FY earnings to fall as much as 30 percent

JOHANNESBURG - South Africa's Tiger Brands expects full-year headline earnings per share to fall between 25 and 30 percent compared with the previous year,...

SA exhibitors on a high at the 1st China International Import Expo

PORT ELIZABETH, 9 November - South African companies participating in the 1st China International Import Expo (CIIE) in Shanghai, China, on Friday said that...

Kenya lawmaker targets foreign firms, decries China “invasion”

NAIROBI - A lawmaker from Kenya's ruling party has proposed limiting foreign involvement in public contracts after what he said was an outcry about...

Discovery to raise $132 mln in new share issue

JOHANNESBURG - South Africa's Discovery Ltd said on Thursday it will issue about 10.9 million new shares to qualifying investors in order to raise...

Loot teaser deals set the tone for #BlackFriday

CAPE TOWN – As South Africa prepares for Black Friday, which features massive savings for shoppers, Loot.co.za has announced that it will be offering some teaser...

Numsa opposes state arms firm stake sale

JOHANNESBURG - The National Union of Metalworkers of South Africa (NUMSA) is opposed to the government selling a stake in struggling state-run arms firm...

Vodacom and Telkom agree to share networks

JOHANNESBURG - South African telecoms firm Vodacom said on Wednesday it had entered into a roaming and facilities leasing agreement with Telkom, South Africa's...

South African rand extends gains after U.S. midterms dent dollar

JOHANNESBURG (Reuters) - South Africa's rand extended gains against a...


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