Regional

2 weeks ago | January 7, 2020

Rand firmer, eyes on U.S.-Iran tensions

JOHANNESBURG – South Africa’s rand firmed in early trade on Tuesday as emerging markets drew relief from the ...

Afreximbank builds Harare office base

Continental bank, the Africa  Import and Export Bank (Afreximbank) on Tuesday said it was forging  ahead with plans to ...

2 weeks ago | January 6, 2020

Canada’s First Quantum weighs $1 billion Zambian copper ...

TORONTO/LONDON – Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift ...

1 month ago | December 19, 2019

Rand nearly unchanged after Fitch’s ratings decision

JOHANNESBURG – South Africa’s rand held firm against the dollar on Thursday, after Fitch affirmed the country’s ...

1 month ago | December 18, 2019

South Africa’s rand down as gains on global sentiment fade

JOHANNESBURG – South Africa’s rand slipped against a stronger dollar on Wednesday. The rand was 14.4480 versus the ...

1 month ago | December 17, 2019

Rand flat after overnight rally on Sino-U.S. trade cheer

South African rand was trading flat against the dollar on Tuesday after an overnight rally fuelled by optimism over an ...

1 month ago | December 16, 2019

Kenyan shilling firm on diaspora remittances

The Kenyan shilling was firm on Monday with inflows from diaspora remittances meeting dollar demand from merchant ...

1 month ago | December 12, 2019

IMF, Ethiopia reach preliminary agreement on $2.9 bln financing package

WASHINGTON – The staff of the International Monetary Fund and the Ethiopian government have reached a preliminary ...

1 month ago | December 11, 2019

Rand falls as nationwide blackouts weigh

JOHANNESBURG – South Africa’s rand weakened against the dollar on Wednesday, struggling for momentum as a ...

1 month ago | December 10, 2019

Qatar Airways to take 60% stake in new Rwandan international airport

KIGALI – Qatar Airways has agreed to take a 60% stake in a new $1.3 billion international airport in Rwanda, the ...

1 month ago | December 9, 2019

South Africa’s rand weak; focus on global cues ahead of ...

JOHANNESBURG – South Africa’s rand weakened in early trade on Monday, as investors awaited for direction from ...

2 months ago | December 6, 2019

South Africa’s rand flat in subdued early trade

JOHANNESBURG – South Africa’s rand was little changed in early trade on Friday, as investors awaited employment ...

2 months ago | December 4, 2019

MTN disagrees with S.African regulator’s recommendations on ...

JOHANNESBURG – South African telecoms group MTN said on Wednesday it disagreed with the analysis and ...

South African Airways made 5.4 bln rand loss in 2017/18 – report

JOHANNESBURG – Struggling state-owned airline South African Airways (SAA) made 5.4 billion rand ($367 million) ...

Africa urged to urgently tackle youth jobs crisis

SHARM EL SHEIKH – The 2019 African  Economic Conference (AEC) opened in the Egyptian resort city of Sharm El  ...

2 months ago | November 25, 2019

S&P downgrades South Africa’s outlook to negative

S&P Global on Friday downgraded its outlook for South Africa’s credit rating to negative, citing weak pace of ...

2 months ago | November 22, 2019

South African Airways, NTM union sign wage deal

South African Airways, NTM union sign wage deal JOHANNESBURG (Reuters) – South Africa’s National Transport ...

2 months ago | November 21, 2019

S.Africa’s Eskom needs $12 bln to comply with new emissions laws

CAPE TOWN – South Africa’s power utility Eskom needs around 187 billion rand ($12.60 billion) to comply fully with ...

2 months ago | November 18, 2019

MTN deal with Cell C knocks shares in S.Africa’s Telkom

JOHANNESBURG – South Africa’s MTN Group has signed an expanded roaming and services agreement with the country’s ...

2 months ago | November 15, 2019

Rand at 1-week high as trade hopes stoke risk appetite

JOHANNESBURG – South Africa’s rand inched firmer against the dollar on Friday, as risk appetite was whetted by ...