News - CNBC Africa

Southern Africa

Zimbabwe declares state of disaster

05/02/2016 20:47:07

Declaring a state of disaster allows international donors to raise money quickly to provide food aid to Zimbabwe.

Africa hopeful Tokyo Sexwale Fifa dream fades

05/02/2016 20:38:32

Salman and Infantino now seem to be front-runners.

South Africa aims to lift coal exports to India

05/02/2016 15:45:18

A drop in Indonesian exports to India offers an opportunity for South Africa.

South Africa's Sibanye Gold plans to buy more assets: CEO

05/02/2016 15:40:01

Sibanye would seek international gold assets because the rand currency price of the yellow metal was too high.

Western Africa

West Africa bourse stellar returns, eyes new listings

04/02/2016 21:15:17

BRVM's performance can be explained by the economic growth of West Africa.

Financially emancipating the women of West Africa

04/02/2016 15:13:27

The company helps women take the Shea seeds and turn it into a high quality product for sale.

MTN hires former U.S. attorney general to help on Nigeria fine: FT

03/02/2016 15:33:32

The newspaper said former U.S. Attorney General Eric Holder pleaded with Nigerian officials last month on behalf of the telecoms company.

Nigeria in 'exploratory talks' with World Bank, not asking for emergency loans: minister

01/02/2016 12:57:37

Africa's top oil producer is planning to borrow as much as $5 billion to help fund a budget deficit due to a slump in vital oil revenues.

East Africa

Rwanda Fin Min hails launch of CNBC Africa's regional office

04/02/2016 12:34:07

CNBC Africa will help tell the untold stories such as regional integration - Rwanda’s Finance Minister Claver Gatete.

Burundi rebels trained by Rwandan military: U.N. experts

04/02/2016 07:46:47

UN is accusing Rwanda of recruiting and training Burundian refugees with the goal of ousting Burundian President Pierre Nkurunziza.

Kenya’s Nairobi ranked Africa’s top FDI destination

03/02/2016 11:49:52

What is making Nairobi the most attractive FDI destination?

Rwanda seeks to transform wetlands for power

02/02/2016 12:48:19

The country boasts of vast wetlands which some experts argue are useful for energy, industrial and agricultural production.

Financial

S.Africa's rand softer as post-MPC rally peters out

02/02/2016 07:38:43

South Africa's rand looked wobbly against the dollar on Tuesday with euphoria brought interest hike easing off.

South Africa's rand rallies more than 1 pct after cenbank hikes rates

29/01/2016 07:10:13

The rand raced to its firmest in three weeks on Friday following an aggressive interest rate hike by the South African Reserve Bank.

What you should know about East Africa's largest listed company

16/01/2016 16:34:16

Kenyan Wall Street gives an in-depth analysis of Safaricom and asks if it still holds value?

Tips for buying a car in 2016

14/01/2016 12:29:11

Here's advice for starting your new year’s budget on the right note.

Industrials

South Africa's MTN expects lower H1 earnings, shares drop

28/07/2015 12:27:01

Shares in South Africa's MTN fell 5 percent as the company said it expects a drop in first-half earnings, blaming a weaker exchange rate.

Fuel retailer Total Nigeria's H1 pretax profit rises

28/07/2015 12:14:49

Total Nigeria, the local unit of France's Total, reported a 7.6 percent rise in pre-tax profit to 3.68 billion naira ($19 million).

South Africa's Pick n Pay plans new stores, jobs

27/07/2015 16:21:07

South Africa's Pick n Pay plans to employ 5,000 people a year as it opens new stores in Africa's most advanced economy.

ArcelorMittal's South Africa unit asks govt to impose steel protection tariff

23/07/2015 16:24:08

Africa's biggest steel maker ArcelorMittal South Africa said unless the government imposes tariff duties to counter cheap Chinese steel

Mining

South Africa's mines minister says saved 3,000 jobs

05/02/2016 08:10:08

S.Africa's government has been able to save 3,000 jobs in the mining sector, which employs more than 400,000 people.

Lonmin says $400 million rights issue undersubscribed

11/12/2015 08:10:30

Platinum producer Lonmin said its deeply discounted $400 million share issue was undersubscribed with about 71 percent taken up.

Anglo American retreats as commodity slump bites

09/12/2015 09:37:47

Anglo American aims to sell more assets, suspend dividends until the end of 2016 and whittle its business down to three divisions.

Lonmin faces collapse if shareholders reject $400 mln cash call

05/11/2015 06:07:04

Lonmin urges shareholders to approve a 400 million US dollars equity cash call.

Resources

South Africa's Saldanha Bay crude depot full: sources

27/07/2015 10:18:25

South Africa’s 45 million barrel strategic crude reserve depot is filled to capacity

South Africa’s taps are fast running dry

07/05/2015 10:24:23

As if the power crisis was not enough, South Africa has tumbled into another one where citizens could find themselves without water.

Exxaro CEO Sipho Nkosi to retire, appoints CEO-designate

30/03/2015 14:43:52

Exxaro has appointed a CEO-designate following the announcement that its current CEO, Sipho Nkosi is set to retire.

BP and partners to invest $12 bln in Egypt gas deal

06/03/2015 14:37:18

The investment project by BP and its partners is expected to help Egypt as it tackles its worst energy crisis in decades.

Technology

Africa's mobile telecoms growth to slow sharply in next 5 years: study

08/10/2015 09:05:26

Growth in Africa's mobile phone users is set to slow sharply in the next five years.

S.African mobile operator MTN agrees deal to end two-month strike

16/07/2015 14:16:53

MTN Group and union leaders reached a deal over bonuses on Thursday, ending a two-month strike.

Now or never: Why timing matters in making the jump to ecommerce

12/06/2015 11:27:15

Digital Planet CEO Neil Watson makes the case for adding an online sales channel before it’s too late.

S.Africa's Telkom to cut 4,400 jobs to contain costs: spokeswoman

10/06/2015 08:29:50

Telkom spokeswoman said her company plans to cut 4,400 jobs to contain costs.

IPO

Choppies lists on the JSE

27/05/2015 17:47:09

Choppies listed on the JSE and it is aiming to open 200 stores in Africa by the end of next year.

Greenstone IPO at $783 mln set to Australia's biggest for year so far

25/05/2015 09:40:00

S.Africa owned insurer Hollard Group plans to raise nearly A$1 billion ($783 million) by listing its Australian unit Greenstone Pty Ltd.

Virgin Active warms up to Johannesburg IPO: Sky News

06/02/2015 10:47:02

Virgin Active has hired Standard Bank Group to list the British health and fitness chain on the Johannesburg Stock Exchange.

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.

Currencies

SA rand plunges to record low

24/09/2015 14:42:40

Nagging concerns over sluggish growth and China weigh rand down.

S.Africa's rand gains, supported by hopes of Greek breakthough

22/06/2015 10:06:44

The rand inched close to a one-month high on Monday as hopes of a breakthrough in the Greek debt crisis supported emerging markets assets.

Kenya's shilling hits 3-year low, shares rise

05/05/2015 17:27:37

Kenya's shilling weakened against the dollar on Tuesday.

S.Africa's rand gains, eyes on Greece, power cuts

20/04/2015 10:53:31

South Africa's rand was a tad stronger against the dollar early on Monday as China's move to cut reserve requirements lifted sentiment.

Commodities

Initial investment in Eni mega gas field in Egypt about $3.5 bln: EGAS

31/08/2015 15:48:56

Egypt said that the initial investment in a mega gas field discovered off its coast will amount to about $3.5 billion.

Heineken, Diageo end joint ventures in South Africa, Namibia

28/07/2015 12:21:00

Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11-year cooperation in South Africa and Namibia.

South Africa's June headline CPI quickens to 4.7 pct

22/07/2015 11:47:28

South Africa's headline consumer inflation quickened to 4.7% year-on-year in June, well below expectations, compared to 4.6 percent in May.

South Africa's rand firms as commodity prices recover

21/07/2015 16:58:55

South Africa's rand strengthened against the dollar on Tuesday supported by a recovery in commodity prices.

Stocks

The fall of the JSE's big five construction companies

26/11/2015 06:11:29

From 2007, the Big Five construction companies lost 79 per cent of their value.

China data sends stocks to 2-year low, currencies suffer more

21/08/2015 16:01:02

Disappointing China factory data clobbered emerging market assets on Friday with stocks on track for their steepest weekly loss.

Stronger U.S. growth lift Asian stocks in early trade

30/07/2015 10:25:04

Prospects of stronger U.S. growth in coming months lifted Asian stocks in early trade, with Japan's Nikkei up 1.1 percent.

Asian shares wilt in shadow of Wall Street's earnings woes

22/07/2015 11:14:20

Asian stocks skidded on Wednesday after weak earnings dragged down U.S. equities.

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Markets

  • All Share49,753.00
     
    2.44%
    Financial 1514,670.00
     
    3.88%
    Industrial 2569,725.00
     
    0.79%
  • ZAR/EUR17.78
     
    -0.28%
    ZAR/GBP23.12
     
    -1.41%
    ZAR/USD15.98
     
    -0.28%
  • Brent Crude Oil35.0
     
    6.62%
    GOLD USD/oz1,147.4
     
    1.6%
    Platinum USD/oz899.0
     
    4.75%
Price%Change
JSE All Share Index49,753.00Up2.44%
JSE Financial 1514,670.00Up3.88%
JSE Industrial 2569,725.00Up0.79%
JSE Resources 1026,092.00Up7.27%
JSE Top 4044,454.00Up2.26%
Price%Change
ZAR/EUR17.78Down-0.28%
ZAR/GBP23.12Down-1.41%
ZAR/USD15.98Down-0.28%
Price%Change
Brent Crude Oil35.0Up6.62%
GOLD USD/oz1,147.4Up1.6%
Platinum USD/oz899.0Up4.75%

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