Africa at crossroads with falling commodity prices

Lonmin says 6,000 S.Africa jobs at risk in proposed restructuring

Lonmin said on Friday it was planning to close or mothball several mine shafts, putting 6,000 South African jobs at risk.

South African police minister pulls up driver online

A South African woman seeking advice on Twitter about buying a driver's licence got more than she bargained for on Wednesday when her inquiry caught the eye of police minister and prolific tweeter Fikile Mbalula.
Strength seen in S.Africa housing market

Strength seen in S.Africa housing market

The FNB valuers market strength index has perceived a steadily improving market balance in South Africa, John Loos has said.

Steinhoff buys Poundland stake ahead of possible takeover bid

Steinhoff, a $22 billion furniture conglomerate which has lost out in two high profile takeover battles already this year.
'I am a trillionaire' claims Zimbabwean prophet

‘I am a trillionaire’ claims Zimbabwean prophet

Prominent Zimbabwe clergyman promises to deliver many from poverty and other sicknesses as he comes to S.Africa for a huge rally.
Power play in Mozambique

Eskom asks for extra 12.6% tariff hike: NERSA

Eskom has asked for an extra 12.61 per cent increase in electricity tariffs.

S.Africa's Eskom implements rolling power outages

South African power utility Eskom said on Friday it had implemented rolling blackouts in some parts of the country.

Curro confirms it's bidding for Advtech

Curro has warned shareholders to trade with caution after it confirmed its bid to buyout ADvTECH.

China says to help Zimbabwe build special economic zones

China will help Zimbabwe build special economic zones and industrial parks to jump-start exports and a struggling economy.
South Africa's rand hovers near seven-week lows

South Africa's rand hovers near seven-week lows

South Africa's rand traded close to the previous day's seven-week low against the dollar on Thursday, hurt by investor concerns.

Fitch says Angola currency move signals policy shift, Moody’s doesn’t anticipate default

Moody’s assumes the Angolan government does not intend to default on its debt after ambiguous wording in official statements, the ratings agency said in a research report.

Isabel dos Santos’ former diamond rights offered to Angola

Isabel dos Santos is Africa’s richest woman with assets across multiple sectors in Angola and Portugal from jewellery to supermarkets.

Credibility crucial in the ‘GIG’ economy

What are the prospects of the 'gig economy' ?
Nigeria signs $80 bln of oil

Angola's Sonangol halts all asset sale talks

The statement said "all processes of evaluation, negotiation and sale of any assets" had been suspended with immediate effect.
South Africa's trade minister says trade dispute with U.S. resolved

South Africa's trade minister says trade dispute with U.S. resolved

South African products affected would include oranges, macadamia nuts, wine and citrus, U.S. data shows.

SACTWU settles leather wage talks

The Southern African Clothing & Textile Workers’ Union (SACTWU) has settled its 2014 wage negotiations for the leather tanning sector.

Moody's sees South Africa avoiding recession in 2015

Moody's said on Wednesday it expects South Africa to avoid sliding into a recession this year, despite signs that the economy is struggling.

Consequences of increase in dividend withholding tax for smaller businesses

The increase in the dividend withholding tax will mainly affect smaller companies whose shareholders can substitute between salaries and dividends.
Supply chain hold-ups affecting S.Africa's municipal performance

South Africa's rand treads steadily ahead of GDP, budget

South Africa's rand treaded a narrow range against the dollar in cautious trade ahead of local economic growth data.
S.Africa's rand eases after Fed taper decision

S.Africa's rand seen struggling due to local politics, risk aversion

Stocks opened slightly firmer, with the JSE securities exchange's Top-40 index up 0.5 percent from Tuesday's close.