Zimbabwe state asset manager takes up $100 mln in bad loans

ZAMCO has so far taken nearly $100 million in bad loans from banks to help restore viability in the financial sector.
Kenya’s Diamond Trust Bank jumps 17% in pretax

S.Africa's Q1 spending growth quickens to annualised 3.4%

Spending in SA grew at an annualised 3.4 percent however the country's current account deficit narrowed.

S.Africa's rand pulls back after hitting two-week high

S.Africa's rand retreated slightly on Thursday after touching its strongest level in two weeks.
FinMin Nene calls for broader participation to realise NDP goals

S.Africa’s growth not enough to deliver on challenges: Nene

South Africa’s Finance Minister, Nhlanhla Nene said the country’s projected growth was not enough to address challenges it was facing.

S.Africa's rand softens as global risks loom

S.Africa's rand weakened early ahead of domestic CPI data and as investors waited for clues from the Fed.

Tracking S.Africa's ranking in global Ease of Doing Business report

The World Bank Group released a new report to compare the regulatory framework of the country’s nine major metros.

S&P affirms S.Africa's rating, outlook stable

Standard & Poor's affirmed South Africa's credit rating on Friday.
African Bank plunges 3 billion rand in headline losses

Bailed-out African Bank warns of more losses

ABIL plunged to an annual loss of 9.3 billion rand ($750 million) and warned of more pain ahead as it cuts back on the risky lending.

S.Africa's rand softer, could fall further on mine, factory data

S.Africa's rand traded softer against the dollar early on Thursday, with scope to extend losses should domestic mining come out weaker.

Acting with certainty in uncertain times

Mike Brown writes how responding to climate change is not just the ‘right thing to do’, it’s also the most economically rational option.
Sasol prepares for dividend cut as oil prices drop

Sasol's CEO and president to step down in May next year

Sasol CEO decides not to renew his contract.
Kenya’s Diamond Trust Bank jumps 17% in pretax

ECB leaves rates unchanged as expected

The European Central Bank left interest rates unchanged on Wednesday.

S.Africa's rand weakens ahead of data-filled week

S.Africa's rand was a shade weaker against the dollar early on Monday as traders look at a week full of data.