Regional

8 months ago | February 18, 2020

South Africa’s rand ticks lower as Moody’s stokes ...

JOHANNESBURG - South Africa’s rand extended losses on Tuesday to touch a fresh one-week low after rating agency Moody’s ...

8 months ago | February 17, 2020

Rand firmer as China rate cut soothes virus anxiety

JOHANNESBURG - South Africa’s rand firmed on Monday, as China stepped in to shield the world’s second-largest economy ...

9 months ago | February 4, 2020

Anglo American to decide this year on fate of South African ...

CAPE TOWN - Global miner Anglo American expects to decide this year whether to sell its South African thermal coal ...

9 months ago | February 3, 2020

Rand firmer as virus selloff pauses

South Africa’s rand firmed on Monday to back below the key 15.00 per dollar mark, mostly on profit-taking and month-end ...

9 months ago | January 24, 2020

Rand flat as global markets steady

JOHANNESBURG – The South African rand was flat early on Friday, as global markets steadied after the World Health ...

10 months 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 ...

10 months 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 ...

10 months 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 ...

10 months 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 ...

10 months 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 ...

11 months 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 ...

11 months 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 ...

11 months 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 ...

11 months 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 ...

11 months 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 ...

11 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 ...

11 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  ...