The estimated 180 billion rand ($14 billion) deal was the idea of retail magnate Christo Wiese.
In its second and last financial stability review for 2016, the Reserve Bank also said thin liquidity was a recurring problem for the rand currency, and it would closely monitor conditions in the currency market.
Ivory Coast is aiming to issue a new Eurobond of at least one billion dollars at the end of next month.
Diluted headline earnings per share (HEPS) increased 7% to 856,7 cents for the period ended June 30.
South Africa can’t ignore the credit ratings assigned to it, especially given that foreign investors hold more than 30% of government debt.
The price of ivory on Chinese markets has slumped by two-thirds since 2014 as Beijing rolls out a ban on trade in elephant tusks,...
S.Africa's rand traded firmer early on Wednesday as emerging assets shrugged off fears of a looming rate hike in the United States.
Officials across the globe scrambled over the weekend to catch the culprits behind a massive ransomware worm that disrupted operations at car factories, hospitals, shops and schools, while Microsoft on Sunday pinned blame on the U.S. government for not disclosing more software vulnerabilities.
Jürgen Scherzinger, Operations Executive of Old Mutual Wealth also resigns.
Donald Kaberuka has established a reputation for exemplary leadership in development finance and economic development.
South African fast food group Famous Brands scrapped its dividend on Monday for the first time in 13 years, seeking to conserve capital after debt levels rose following seven acquisitions, which include Gourmet Burger Kitchen.
Forward exchange rates are rates at which banks agree to exchange one currency for another at a future date.
The World Economic Forum Africa summit focusing on inclusive growth and employment creation has kick-started in Nigeria, Abuja.
It was a tough year at the Nairobi Securities Exchange in 2015.
At 0800, the local unit traded 1.13 percent weaker at 13.6175 against the dollar.
SACCI has said that it is concerned that prospects for the South African economy are becoming more desperate.
Looking to move abroad in 2017? Six of the top ten countries for a successful expat career are in Europe.
Nigeria is moving out of recession, its budget minister said on Wednesday.
Somalia’s first ATM has been installed by Salaam Somali Bank in Mogadishu, the capital city.
Private-sector activity in South Africa was little changed in May from April.