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Shoprite's rest of Africa growth outpaces home market

Shoprite's Angolan business produced its sharpest growth.

Zambian regulator suspends broadcasters for risking peace during election

During and after the election, they apparently conducted themselves in an "unprofessional manner".

South African opposition beats ANC in vote to run economic capital

The victory gave the Democratic Alliance control of both Johannesburg and Pretoria, the nation's capital.

Zimbabwe stops hiring public workers as it struggles to pay

Zimbabwe has stopped hiring new state workers as President Robert Mugabe's government struggles with a big financial squeeze.

Mauritius trade deficit widens 7.1 pct in June

Mauritius said its trade deficit widened 7.1 percent to 6.21 billion rupees in June from the same period a year earlier.

ArcelorMittal South Africa to pay $110 mln to settle anti-trust charges

ArcelorMittal's South African unit has agreed to pay a 1.5 billion rand ($110 million) fine for colluding to fix steel prices.

South Africa's Sun International leaves Nigeria on weak economy

"The board has decided to exit Nigeria and steps will be taken to achieve this in a manner that does not erode further value."

South Africa's MTN to sell 9.9 bln rand in shares to black investors

Africa's biggest telecoms firm said the new black economic empowerment deal would be launched via a public offer next month.

Zambia’s Zoona raises $15 mln to reach 10 markets by 2020

Zambia's financial technology company Zoona has raised $15 million in a Series B round of financing to expand its reach and services.


Telkom, Samsung team up with South African government to track those with COVID-19

South Africa’s Telkom, Samsung and the government have teamed up to develop a track and trace database to identify the whereabouts of people who may have contracted coronavirus.

Is the S&P 500 likelier to hit 2,900 or 1,800 by the end of 2020? | Capital Connection

Stephane Monier of Lombard Odier Private Bank outlines the two scenarios which could play out for the markets, and gives his potential targets for the S&P 500 under each one.

Expecting deep recession followed by sharp recovery: Goldman Sachs strategist | Squawk Box Europe

Silvia Ardagna, managing director of the investment strategy group at Goldman Sachs Private Wealth Management, shares her outlook for the economy amid the coronavirus crisis.

Expect ‘very significant topline decline’ for luxury brands: Analyst | Squawk Box Europe

Luca Solca, senior research analyst for global luxury goods at Bernstein, outlines how the coronavirus crisis is impacting the luxury sector.

Little chance that an OPEC+ deal will save the oil market from virus slump | Capital Connection

Victor Shum of IHS Markit says an agreement between Saudi Arabia and Russia looks unlikely and any production cut is too little too late.