Monday, 24 September 2018

Category: Markets

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  • South African recession is temporary – Ramaphosa

    South African recession is temporary – Ramaphosa

    South Africa’s slide into recession is a “transitional issue” from which the economy will soon recover, President Cyril Ramaphosa said in comments published on Thursday, repeating ...

  • Sea Harvest anticipates lower earnings

    Sea Harvest anticipates lower earnings

    JSE-listed and vertically integrated fishing company Sea Harvest expects its interim basic earnings a share to decline by at least 31 percent as it absorbs the costs related to acq ...

  • Rand drops to its weakest level in 2018

    Rand drops to its weakest level in 2018

    The rand suffered big losses last week and on Friday slid to its worst level this year against the dollar. On Friday afternoon the rand traded on R14.08 to the dollar. This was 80c ...

  • Oil prices up

    Oil prices up

    Oil rose yesterday, recouping some of the previous day’s steep price slide, after the first round of US sanctions against Iran came into effect, although confidence in crude demand ...

BMW reveals production plans for Africa

BMW reveals production plans for Africa

Global premium vehicle manufacturer BMW, which has production plants in Africa in South Africa and Egypt, anticipates having another plant in sub-Saharan Africa within the next 10 ...

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Africa infrastructure fund raises $385m in new capital

Africa infrastructure fund raises $385m in new capital

The Emerging Africa Infrastructure Fund (EAIF) on Tuesday announced that it has successfully completed its latest fundraising round, raising U.S.$385 million in new long-term debt ...

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Telkom Kenya and Airtel plan merger to take on Safaricom

Telkom Kenya and Airtel plan merger to take on Safaricom

Telkom Kenya plans to merge operations with Indian-owned Bharti Airtel’s local unit as a first step to acquiring all of Airtel’s assets, sources said on Tuesday, creating a strong ...

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Barclays Africa to split into 4 units

Barclays Africa to split into 4 units

Barclays Africa Group Ltd., South Africa’s third-biggest bank, will split into four operating units as the lender outlines its growth strategy after the sale by its U.K. parent. T ...

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Morocco rated most attractive investment destination in Africa

Morocco rated most attractive investment destination in Africa

Morocco has been named the most attractive investment destination in Africa, followed closely by Egypt and Algeria. According to the latest Africa Investment Index 2018 by Quantum ...

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Ramaphosa wants to open SA market for African business

Ramaphosa wants to open SA market for African business

President Cyril Ramaphosa has urged citizens to look at foreigners coming to South Africa in a positive way and not as people who come to steal their jobs. President Cyril Ramapho ...

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Zimbabwe seals $4.2 billion platinum deal 

Zimbabwe seals $4.2 billion platinum deal 

The Zimbabwean government yesterday signed a $4.2 billion platinum investment agreement with a Cyprus-based company, Karo Resources, as investors continue to show confidence in po ...

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Africa’s largest cities

Africa’s largest cities

Africa is the large continent with dozens of countries including notable and growing cities, there are many countries with populous cities, and nowadays the cities growing on econ ...

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Is this the best time to invest in Mozambique?

Is this the best time to invest in Mozambique?

Mozambique’s Banco Nacional de Investimento (BNI) is a hybrid between an investment and development bank which was created in 2010 as a joint partnership between the Mozambican go ...

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African SMEs set to benefit from $74 million guarantee

African SMEs set to benefit from $74 million guarantee

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has today entered into a re-guarantee transaction of an amount of up to $74 million with GuarantCo, to incr ...

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