ABIDJAN, May 13 (Reuters) – South African officials ramped up their calls for a balanced approach to energy transition on Tuesday, arguing that economic development and environmental protection must work in tandem rather than in opposition. “We must be allowed to integrate the two,” said Mineral and Energy Resources Minister Gwede Mantashe at the Africa CEO Forum […]

JOHANNESBURG, May 13 (Reuters) – Exxaro Resources said on Tuesday it has reached an agreement to buy manganese mines in South Africa in a deal worth 11.67 billion rand as it diversifies into green transition minerals. The South African coal miner entered into a binding agreement to buy shares and claims in manganese assets held by Ntsimbintle Holdings […]

JOHANNESBURG, May 14 (Reuters) – Testing and monitoring of HIV patients across South Africa have fallen since the United States cut aid that funded health workers and clinics, with pregnant women, infants and youth the most affected, previously unpublished government data shows. South Africa has the world’s highest burden of HIV, with about 8 million people – […]

JOHANNESBURG, May 14 (Reuters) – South African President Cyril Ramaphosa will travel to the United States on a working visit next week and will meet U.S. President Donald Trump on May 21, Ramaphosa’s office said in a statement late on Wednesday. “President Ramaphosa will meet with President Donald Trump at the White House in Washington DC to […]

JOHANNESBURG, May 13 (Reuters) – The South African rand was little changed in early trade on Tuesday before local jobs data, which economists predict could show a slight rise in unemployment. At 0750 GMT the rand traded at 18.2550 against the dollar, the same level as at Monday’s close. Statistics South Africa will release first-quarter unemployment figures at […]

CNBC Africa is joined by Colin Timmis, Country Manager of Xero South Africa for this discussion.

JOHANNESBURG, May 12 (Reuters) – Tiger Brands, South Africa’s biggest food producer, on Monday offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000. The offer was made by the attorneys representing Tiger Brands lead insurer, QBE Insurance Group Limited, on […]

JOHANNESBURG, May 12 (Reuters) – South African mobile network operator MTN Group reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market, and a more stable economic environment. The jump in group earnings before interest, tax, depreciation and amortisation on a constant-currency basis in the […]

JOHANNESBURG, May 15 (Reuters) – South Africa’s rand edged up against a weaker dollar in early trade on Thursday, after President Cyril Ramaphosa’s office confirmed his meeting with U.S. President Donald Trump next week following days of speculation. At 0622 GMT, the rand traded at 18.22 against the dollar, about 0.3% firmer than Wednesday’s closing level. The […]

JOHANNESBURG, May 12 (Reuters) – South African discount grocery retailer Boxer said on Monday it expects sales growth in a low-teens percentage for its current financial year given the competitive pressure in the food retail market and lower inflationary environment. Boxer, majority owned by Pick n Pay, competes with Shoprite’s Usave discounter and SPAR’s SaveMor in smaller towns, townships and […]