Monday, 20 August 2018

Category: Markets

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  • 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 ...

  • Rwanda to host Africa Chief Executives forum for 2019

    Rwanda to host Africa Chief Executives forum for 2019

    After a record attendance for the 2018 edition, including the presidents of Côte d’Ivoire, Ghana and Zimbabwe, the continent’s major decision-makers will meet once again in Kigali, ...

Statoil and BP to withdraw from Algeria

Statoil and BP to withdraw from Algeria

Norway’s Statoil and BP will withdraw staff from two gas plants in Algeria after an attack by militants on one of the sites in the North African country, the companies said on Mon ...

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China to live up to $60bn African investment

China to live up to $60bn African investment

China’s economic slowdown will not affect its promise to invest US$60 billion into development projects in African, said Beijing’s ambassador to Ethiopia. Li Yifan said Africa sta ...

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Fastjet adds Nairobi flights

Fastjet adds Nairobi flights

British budget airline Fastjet PLC has increased the frequency of its flights between Nairobi and Dar es Salaam, even as it flies through management and financial storms. The airl ...

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Potential amalgamation between 2 top SA medical schemes

Potential amalgamation between 2 top SA medical schemes

Two of South Africa’s most prominent medical schemes, Bonitas Medical Fund and Liberty Medical Scheme (LMS), are in discussions to amalgamate to create an even stronger and more s ...

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Senegal economic growth climbs to 6.5%, first time in ten years

Senegal economic growth climbs to 6.5%, first time in ten years

Senegal’s economic growth rose to 6.5 percent in 2015 for the first time in more than a decade, the International Monetary Fund (IMF) has said, buoyed by the agriculture sector an ...

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Gender: The black sheep in the transformation debate

Gender: The black sheep in the transformation debate

Days before International Women’s Day last week, Germany passed a law obligating some of Europe’s biggest companies to have women occupying 30% of their top jobs by next year. In ...

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Dangote group to build $9 billion oil refinery complex

Dangote group to build $9 billion oil refinery complex

Dangote Group, the company owned by Africa's richest man Aliko Dangote, said on Monday it planned to buy phosphate from Morocco and potash from Congo-Brazzaville to feed a planned ...

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Cote d’Ivoire is top prospect for investors in Africa

Cote d’Ivoire is top prospect for investors in Africa

The launch of Nielsen’s second Africa Prospects Indicators (APi) report has given existing and potential investors an unprecedented and even deeper comparative view of the country ...

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MTN annual profit falls

MTN annual profit falls

Africa’s biggest mobile network MTN recorded a 51% drop in full-year profit as the company has set aside R9.29 billion for its record multi-billion Nigerian fine. MTN, in its annu ...

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Barclays denounce disinvestment report

Barclays denounce disinvestment report

UK-based Barclays Africa Group Limited (BAGL) on Monday dismissed speculation that it will disinvest from Africa and said it was fully committed to its African operations. “Barcla ...

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