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17h31 MTN Nigeria plans to
tap the debt market in the first quarter and has applied to the
Nigerian Securities and Exchange Commission (SEC) for approval,
its chief finance officer said on Wednesday.. . .
17h15 Kenya received over a
million doses of the AstraZeneca COVID-19 vaccine on Wednesday,
while Rwanda said it was the first in Africa to secure shots
from Pfizer, as efforts to inoculate the world's poorest. . .
16h12 Diamond and uranium producer
Namibia said on Wednesday that locals who own mineral
exploration licences will no longer be able to sell out to
foreigners, in a move aimed at curtailing speculation in the
sector.. . .
15h44 Research by South African
scientists suggests that antibodies triggered by exposure to the
country's dominant coronavirus variant can prevent infection by
other variants, the scientists said on Wednesday.. . .
11h21 The World Bank is
preparing emergency financing to help about 30 African countries
access COVID-19 vaccines, the global lender told Reuters, as the
continent scrambles to secure doses and start immunising
vulnerable groups.. . .
02/03 South Africa's rand
weakened on Tuesday in a broad, developing world currencies
retreat against a strong U.S. dollar, while stocks hit a fresh
record high as rising commodity prices lifted assets in the
resource-rich region.. . .
02/03 South Korean shares stood out from
Asia's emerging markets on Tuesday after its exports and factory
activity data reinforced hopes of an economic recovery, while
Chinese equities fell sharply over concerns around policy
tightening.. . .
01/03 Canadian gold firm
Endeavour Mining, which is preparing for a London
listing late next quarter, is switching its focus to integrating
new mines after a $2.7 billion acquisition spree in West Africa
last year spooked. . .
01/03 South Africa's
seasonally-adjusted Absa Purchasing Managers' Index (PMI)
expanded at a faster pace in February compared with January,
supported by an increase in new sales and business activity, a
survey showed on Monday.. . .
01/03 Offshore investors sold a net of 6.79
billion rand ($453.60 million) of South African stocks last week and 13.75
billion rand in bonds, data from the Johannesburg Stock Exchange showed on
STOCKS. . .
28/02 South Africa has signed an
agreement with Johnson & Johnson to secure 11 million
COVID-19 vaccine doses and will ease restrictions due to a
decline in new cases, President Cyril Ramaphosa said on Sunday.. . .
28/02 MTN Group remains
committed to negotiating a $65 million sale of its 75% stake in
its Syrian unit, the South African mobile operator said on
Sunday, despite the business being placed under judicial
guardianship last. . .
26/02 South Africa's MTN Group
said on Friday it intended to appeal a ruling from the
Administrative Court of Damascus to place the company's Syrian
business under judicial guardianship and was also considering
other steps.. . .
26/02 South African retail group
Steinhoff is to sell the properties of its European
subsidiary Conforama Iberia and lease them back, it said on
Friday, as part of efforts to cut debt and pay back. . .
26/02 South Africa's trade
surplus narrowed to 11.83 billion rand ($790 million) in
January from a revised surplus of 33.06 billion rand in
December, data from the revenue service showed on Friday.. . .
26/02 The lower deficits unveiled
in South Africa's budget this week are unlikely to prevent debt
from rising, ratings agency Moody's said in a research report
sent to reporters on Friday, adding that downside risks. . .
26/02 South Africa sold 815 million rand ($54.69
million) of three-month Treasury bills, less than the 1.4 billion rand on offer,
at an average yield of 3.82% from 3.83% last week, central bank data. . .
26/02 South Africa sold a total
of 1.02 billion rand of 2033, 2038 and
2046 inflation-linked bonds, central bank data showed
Yields were mostly lower compared with the previous
auctions.. . .
25/02 South African state-owned
weapons manufacturer Denel said on Thursday that its board
chairwoman Monhla Hlahla and another non-executive director had
resigned, days after it announced the departure of several other
board members.. . .
25/02 South Africa's energy
regulator on Thursday approved a power generation licence for a
large solar plant at Gold Fields' South Deep mine, a
long-awaited breakthrough for miners desperate to curb their
reliance on ailing utility. . .
25/02 South Africa's rand fell on
Thursday, giving up the previous session's gains when Finance
Minister Tito Mboweni's budget speech reassured some investors
the country could avoid a full-scale fiscal crisis.. . .
25/02 South African medical
schemes may no longer need to step in to subsidise COVID-19
vaccines for the wider population after the government allocated
significant funds for the vaccine rollout, executives told
Reuters on Thursday.. . .
25/02 The African Union is
backing calls for drugmakers to waive some intellectual property
rights on COVID-19 medicines and vaccines to speed up their
rollout to poor countries, the head of its disease control body
said. . .
25/02 South African retailer
Woolworths said on Thursday it was expanding its casual
and sports leisure wear ranges to reduce reliance on formal
wear, after reporting a rise in half-year profit for the first
time since. . .
25/02 Anglo American beat
forecasts with a small fall in 2020 earnings and boosted its
dividend after strong commodity prices helped the diversified
miner recover from coronavirus disruptions in the first half of
the year.. . .
25/02 South Africa's Impala
Platinum (Implats) is looking to boost its output by
360,000 ounces after posting a four-fold jump in half-year
profits and raising its interim dividend on the back of higher
metals prices, it. . .
25/02 The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
Asian stocks. . .
24/02 Johnson & Johnson's one-dose
COVID-19 vaccine appeared safe and effective in trials, the U.S.
Food and Drug Administration said Wednesday, paving the way for
its approval for emergency use as soon as this week.. . .
24/02 South Africa could spend up to
19.3 billion rand ($1.33 billion) over the next three years to
vaccinate most of its population, the Treasury said on
Wednesday, in a "difficult balancing act" meant to. . .
24/02 South Africa is still in talks
with the World Bank over a COVID-19 related loan, Finance
Minister Tito Mboweni said on Wednesday, after he said last year
that his ministry was resisting any attempt. . .
24/02 The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
Bond markets. . .
23/02 South Africa's health
minister said on Tuesday that government advisers had organised
COVID-19 vaccines into three groups and those considered for
"immediate use" were the Johnson & Johnson (J&J), Pfizer
and Moderna shots.. . .
23/02 A group of South African
Uber drivers are to go to court to seek rights
including compensation for unpaid overtime and holiday pay,
their lawyers said on Tuesday, hoping for a similar victory to
that. . .
23/02 South Africa's Imperial
Logistics is preparing to pull out of its chiefly
Europe-focused international business in favour of expansion in
Ethiopia and French-speaking Africa, it said on Tuesday after
reporting a drop in half-year earnings.. . .
23/02 South Africa's unemployment
rate jumped to a record high in the fourth quarter of last year,
the statistics agency said on Tuesday, as the economy was
further battered by the COVID-19 pandemic.. . .
23/02 Zambia produced 882,061 tonnes of
copper in 2020, up 10.8% from 796,430 tonnes produced in 2019,
Mines Minister Richard Musukwa said on Tuesday, calling it a
"historical high" for Africa's second-largest copper producer.. . .
23/02 Shares in South Africa's
Discovery rose almost 4% on Tuesday even as it warned of an up
to 15% decline in half-year profits, with investors focused more
on operating performance than the negative impact. . .
23/02 South Africa's Harmony Gold
posted a more than three-fold rise in first-half profit
and reinstated its dividend on Tuesday, following a surge in
gold prices and the inclusion of the Mponeng mine into its
portfolio.. . .
22/02 South Africa's telecoms
regulator on Monday pushed back the announcement of the
qualifying bidders for its long-awaited auction of new spectrum
by a month to March 23, just a week before the sale had. . .
22/02 Two of South Africa's prime
commercial property owners will extend rental relief to
struggling tenants this year, in a sign the impact of COVID-19
is far from over for hard-hit real estate firms although. . .
22/02 South Africa's rand
weakened on Monday with demand for risk assets dampened by
rising yields in the United States and some investor caution
ahead of the South African government budget this week.. . .
22/02 Anglo American Platinum
(Amplats) on Monday posted a price-driven jump in
annual profit and set its sights on boosting output by 20% while
looking to capitalises on global decarbonisation efforts.. . .
19/02 South Africa's rand
weakened on Friday afternoon in increasingly cautious trade
ahead of the budget speech next week, which will give the
government's outlook on the economy and public finances.. . .
19/02 Zimbabwe's central bank
said on Friday its monetary policy committee had been dissolved
with effect from Jan. 31 because of the appointments of most
committee members to various entities that were in conflict with
their. . .
19/02 Two of the South African
government's top advisers on COVID-19 backed Pfizer's vaccine on
Friday, despite a study earlier this week showing that the
dominant local coronavirus variant may reduce protective
antibodies it triggers.. . .
19/02 The African Union's (AU)
vaccine task team said on Friday that Russia had offered it 300
million doses of its Sputnik V COVID-19 vaccine along with a
financing package for countries wanting to secure. . .
19/02 South African retailer
Massmart said on Friday it was planning further store
closures and flagged a deeper full-year net loss of more than
1.7 billion rand ($116.8 million) after curbs related to the
COVID-19 pandemic. . .
19/02 Pepco Group, which owns British
discount retailer Poundland, has targeted 400 store openings
across Europe in its 2020-21 financial year as it expands its
PEPCO brand beyond central and eastern Europe, its boss said. . .
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