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News

Southern Africa

Eskom to implement load shedding stage 1 this morning

28/01/2015 08:35:41

South Africa’s power utility Eskom is implementing stage 1 load shedding this morning.

S.Africa drops points on free economic ranking

28/01/2015 07:40:23

South Africa must reform to retain its moderately free economic ranking; this is according to an index released by Heritage Foundation.

S.Africa's PPC appoints new board

27/01/2015 10:10:31

PPC has announced the names of its new board members, following its AGM on 26 January.

Eskom commences second day of load shedding

27/01/2015 09:24:36

Eskom commenced load shedding on Tuesday and warned that the grid would be under pressure for the rest of week.

Western Africa

African diaspora returns home as things turn rough in the West

28/01/2015 06:42:35

Members of the African diaspora are returning home due to economic downturn in the Western world and changing fortunes in the region.

Aggreko extends Ivory Coast power project

26/01/2015 15:06:00

Aggreko has announced a three-year contract extension on its 200 megawatt (MW) gas-fired power project in the Ivory Coast.

Senegal reopens land border with Ebola-hit Guinea

26/01/2015 14:57:15

Senegal reopened on Monday its land border with Guinea, the Interior Ministry said.

WHO says cash crunch, rains could thwart Ebola efforts

24/01/2015 06:10:38

Halting the spread of Ebola in West Africa will depend on mobilising funds and aid workers before the rainy season hits in April-May.

East Africa

Rwanda must rally resources to achieve vision 2020

28/01/2015 09:24:41

Rwanda needs to mobilise its domestic resources in order to strengthen its financial independence.

Fastjet’s low cost airline set to enter East Africa

28/01/2015 05:29:08

Low-cost airline, Fastjet is set to commence operations in Kenya as it eyes a piece of the low-cost airline market in East Africa.

Kenya looks to be competitive destination for business conferencing

27/01/2015 13:44:28

Around 7.8 billion Kenya shillings will be injected into the Kenyan economy this year from several major international conferences.

Central Bank of Kenya to implement settlement system for bonds

27/01/2015 10:01:32

Kenya's central bank has adopted a single clearance window in a bid to streamline transactions at the Nairobi Securities Exchange (NSE).

Financial

S.Africa cenbank business indicator up 1% in November

27/01/2015 09:13:57

The South African central bank’s leading business cycle indicator rose one per cent month-on-month in November.

FIRSTRAND BEE staff scheme shares successfully placed

21/01/2015 09:30:14

FirstRand has successfully placed 66.7 million ordinary shares in an accelerated book build.

Morocco 2015 growth seen at 4.8%, deficit narrower - planning chief

21/01/2015 09:19:39

Morocco’s economy is expected to grow 4.8 per cent in 2015 after 2.7 per cent last year as agricultural output increases.

Nigerian MPC retains MPR at 13%

20/01/2015 14:09:05

Nigeria’s Monetary Policy Committee (MPC) announced on Tuesday that it would be retaining its Monetary Policy Rate (MPR) at 13 per cent.

Industrials

Zambia-Tanzania copper railway line reopens after strike ends

16/01/2015 13:24:32

The railway between Zambia and Tanzania used to export copper from Africa's two biggest producers reopened on Friday.

Positive news for S.Africa’s construction industry

14/01/2015 09:59:28

The FNB/BER Civil Confidence Index has risen to 59 points in Q4 2014.

S.Africa strengthens ties with China

05/12/2014 14:18:14

South Africa’s Transnet and Chinese manufacturer CSR Zhuzhou Electric Locomotive (CSR) signed a Memorandum of Understanding (MoU).

Ford cancels SKF components contract, hits S.African jobs

02/12/2014 16:22:18

About 250 South African jobs at forging company could be cut after Ford Company cancelled a components contract with SKF.

Mining

Village Main Reef reshuffles board

26/01/2015 11:38:45

South African miner, Village Main Reef has made several changes to its board of directors as part of its ongoing restructuring process.

S.Africa miners at Northam call off strike

20/01/2015 15:14:29

South Africa's National Union of Mineworkers said on Tuesday striking workers had agreed to return to work.

Zimbabwe gold mines face collapse on weak bullion price: mining group

20/01/2015 14:04:52

Zimbabwe's gold mining firms are making losses due to weak bullion prices and could collapse unless royalties are reduced for producers.

Mining production down 0.4% y-o-y in November

20/01/2015 12:20:21

Mining production decreased by 0.4 per cent year-on-year in November 2014, according to Statistics South Africa (Stats SA).

Resources

Sasol looks to save cash amidst falling oil price

28/01/2015 10:35:15

Sasol is taking certain measures, in response to the lower international oil prices, to ensure that they save money.

Egypt signs gas exploration deal with France’s Total

22/01/2015 15:21:04

Egypt has signed a gas exploration contract with French energy company Total worth 20 million dollars, the oil ministry said on Thursday.

Egypt has enough wheat until mid-May - minister

18/01/2015 07:34:09

Egypt's stock of wheat for its subsidised bread programme will last until the middle of May.

Developing Africa's power projects

13/01/2015 11:33:20

The Access Infra Africa project, created by Access Power MEA and EREN, seeks to assist in the development of power projects across Africa.

Technology

MTN plans up to 578 job cuts in S.African unit by 1 May – union

28/01/2015 12:23:05

MTN plans to issue dismissal notices to lay off up to 578 people at its South African enterprise business unit by 1 May.

MTN to offer AWS Direct Connect in Africa

27/01/2015 11:01:35

MTN Group has said it will now offer Amazon Web Services (AWS) Direct Connect to business customers across the continent.

MTN says to reorganise its S.African business unit

21/01/2015 14:12:51

Africa’s largest telecoms provider plans to restructure its home market’s enterprise business segment, it said on Wednesday.

Businesses reach new frontier in cyber security

21/01/2015 10:20:26

World Economic Forum members are set to present a cyber value-at-risk framework that will better protect companies from cyber attacks.

IPO

African IPOs set to rise by a quarter in 2015: law firm

23/01/2015 12:02:50

The number of African companies listing shares could rise by a quarter this year if the firms that have said they plan an IPO move ahead.

Cartrack raises R510 million through share placement

12/12/2014 11:05:06

Cartrack has successfully raised an aggregate amount of 510 million rand through the placement of 60 million ordinary shares.

Acsion to offer investors exposure to 100% of development company

09/12/2014 11:48:58

Specialist property developer, Acsion has said that it offers investors exposure to 100 per cent of its development company.

Pivotal to pursue growth opportunities following JSE listing

08/12/2014 10:33:06

Pivotal Property Fund has said that it will continue to pursue both development and acquisition growth opportunities.



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