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Steinhoff

Steinhoff, Shoprite drop talks to give birth to an African retail...

The estimated 180 billion rand ($14 billion) deal was the idea of retail magnate Christo Wiese.
South Africa's net foreign reserves rise in January

Cenbank : S.Africa's low economic growth a risk to credit rating.

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 targets Eurobond in February of at least $1 bln:...

Ivory Coast is aiming to issue a new Eurobond of at least one billion dollars at the end of next month.
Barclays Africa reports 7 per cent rise in half-year profit

Barclays Africa reports 7 per cent rise in half-year profit

Diluted headline earnings per share (HEPS) increased 7% to 856,7 cents for the period ended June 30.

This is why South Africa can't ignore its credit ratings

South Africa can’t ignore the credit ratings assigned to it, especially given that foreign investors hold more than 30% of government debt.

Illegal ivory markets abroad boom despite China ban

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,...
South Africa's rand firmer

South Africa's rand firmer, stocks to open higher

S.Africa's rand traded firmer early on Wednesday as emerging assets shrugged off fears of a looming rate hike in the United States.

More disruptions feared from cyber attack; Microsoft slams government secrecy

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.
S.African economist Chris Hart on why he resigned from Standard Bank

Old Mutual Wealth S.A CEO resigns

Jürgen Scherzinger, Operations Executive of Old Mutual Wealth also resigns.

Former AfDB President Donald Kaberuka gets new post

Donald Kaberuka has established a reputation for exemplary leadership in development finance and economic development.

South Africa’s Famous Brands scraps full-year dividend

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.
Nigeria's central bank to supply FX to retail clients at 20 pct above interbank rate

Nigeria steps nearer to devaluation with central bank dollar sale

Forward exchange rates are rates at which banks agree to exchange one currency for another at a future date.

Ecobank welcomes WEF Africa 2014 theme

The World Economic Forum Africa summit focusing on inclusive growth and employment creation has kick-started in Nigeria, Abuja.
SA rand plunges to record low

How Kenya's stock market compared to Nigeria & S.Africa's in 2015

It was a tough year at the Nairobi Securities Exchange in 2015.
South Africa's rand falls as positive sentiment after Moody's decision fades

South Africa's rand weakens on cabinet reshuffle reports

At 0800, the local unit traded 1.13 percent weaker at 13.6175 against the dollar.
S.Africa's rand gains

SACCI concerned about S.Africa’s economic prospects

SACCI has said that it is concerned that prospects for the South African economy are becoming more desperate.
Top-rated analyst gives his investment view on one of S.A's most anticipated listings: Dis-Chem

The world's best destinations for your career

Looking to move abroad in 2017? Six of the top ten countries for a successful expat career are in Europe.

Nigerian budget minister says latest GDP data very encouraging

Nigeria is moving out of recession, its budget minister said on Wednesday.

Yeah, for Somalia’s first ATM

Somalia’s first ATM has been installed by Salaam Somali Bank in Mogadishu, the capital city.

South Africa’s private-sector activity little changed in May, PMI shows

Private-sector activity in South Africa was little changed in May from April.
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