19/04 South Africa's government has had to bring forward the bailout of state power firm Eskom, after it rushed 5 billion rand ($355 million) to the struggling utility earlier this month to avert a default and said more cash could be needed soon.
18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped. . .
18/04 Tanzania's economy will be subdued if recent government policies and legislation continue, threatening to hit growth in East Africa's third largest economy, an International Monetary Fund report seen by Reuters on. . .
18/04 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive. . .
18/04 South Africa faces escalating unrest if the governing African National Congress (ANC) party retains power in next month's election and fails to introduce major reforms, the leader of the country's biggest. . .
18/04 Economic disruption from uneven currency trading in Nigeria and continued electricity shortages in South Africa are set to hold back overall growth across sub-Saharan Africa this year, a Reuters poll of. . .
18/04 South Africa's currency traded weaker early on Thursday, shifting back above the 14.00 mark with investors closing positions and taking profits in anticipation of low volume ahead of the Easter holidays.. . .
18/04 South Africa's economic growth will shrink by at least 1.1 percentage points in 2019 and there will be up to 125,000 job losses if nationwide electricity blackouts persist throughout the year,. . .
17/04 Sluggish retail sales for a second straight month pointed to lingering weakness in the South African economy, confounding President Cyril Ramaphosa's efforts to lift growth before next month's national election.. . .
17/04 Revenue from continuing operations went up 42% to R48.6 million (R34.3 million) whilst net loss from operations improved to R3.0 million (loss of R17.0 million). Loss attributable to owners narrowed to. . .
17/04 Botswana's state-owned Okavango Diamond Company displayed a 20-carat gemstone on Wednesday that it said was the largest blue diamond ever discovered in the country, one of the world's top producers of. . .
17/04 Turnover for the interim period increased 6.2% to R15.334 billion (2018: R14.433 billion), gross profit rose 8.2% to R3.364 billion (2018: R3.108 billion), operating profit climbed 11.3% to R1.044 billion (2018:. . .
17/04 Revenue for the interim period increased to R3.7 billion (2018: R3.6 billion), operating profit was higher at R378.3 million (2018: R354.1 million). Net profit attributable to equity holders of the parent. . .
16/04 Revenue decreased to R7.6 billion (2018: R8.5 billion). Gross profit lowered marginally to R1.487 billion (2018: R1.489 billion). Total income increased to R787 million (2018: R433 million). Profit attributable to owners. . .
16/04 Revenue for the interim period increased 2.3% to R1.721 billion (2018: R1.683 billion), net profit attributable to equity holders of the company rose 10.5% to R94.1 million (2018: R85.2 million), while. . .
16/04 South African retailer Steinhoff, which has been involved in litigations and claims solutions since revealing accounting irregularities in 2017, requested the identities of its claimants be disclosed in order to conclude. . .
16/04 Revenue from continuing operations increased to R8.428 billion (2018: R8.354 billion), gross profit dropped to R1.667 billion (2018: R2.682 billion) and operating loss before interest and equity-accounted loss or profit was. . .
15/04 Rental income for the interim period decreased to GBP7.623 million (2018: GBP8.778 million), loss for the period from all operations came in at GBP11.003 million (2018: profit of GBP2.785 million), while. . .
12/04 South African fishing firm Oceana Group expects its half-year profit before tax to increase by between 26 and 30 percent, buoyed by higher canned fish sales volumes and stronger fishmeal and. . .
12/04 South Africa's Brimstone Investment Corporation said it was pulling out of a proposed 4.8 billion rand ($345 million) buyout of dairy firm Clover Industries, amid opposition from an anti-Israel group.. . .
12/04 Revenue for the interim period increased by 3.8% to R576.7 million (2017: R555.5 million), operating profit before interest and taxation rose by 45.6% to R26 million (2017: R17.8 million). Profit attributable. . .
11/04 Revenue for the interim period increased to R92.2 million (2017: R82.6 million), gross profit rose to R37.1 million (2017: R32.4 million) and operating profit grew to R5.6 million (2017: R4.3 million).. . .
09/04 Revenue for the interim period was higher at R286.9 million (R184.6 million), while gross profit rose to R130.1 million (R75.8 million). Operating profit grew to R60.8 million (R20.3 million). Profit for. . .
09/04 The International Monetary Fund lowered its forecast for South Africa's economic growth to 1.2 percent in 2019 and to 1.5 percent in 2020, saying political and policy uncertainty remained a constraint. . .
08/04 South Africa's rand weakened in early trade on Monday, retreating from a five-week best hit in the previous session, as currency traders looked for direction from U.S.-China trade talks and updates. . .
05/04 Sales for the interim period decreased to R1.598 billion (2017: R1.715 billion), loss from operations came in at R215.1 million (2017: profit of R75.4 million), loss for the period attributable to. . .
05/04 Woolworths Holdings has launched a limited edition makeup line in collaboration with Beyonce's makeup artist Sir John on Thursday, seeking to strengthen its private label brand in its first international collaboration.. . .
05/04 South African retailer Steinhoff has again delayed release of its 2017 and 2018 financial statements, saying that complexities in the process were slowing the work of external auditor Deloitte, sending its. . .
04/04 Vodacom Tanzania said on Thursday the government had accused it of causing an 11 billion shilling ($4.76 million) loss linked to allegations of fraudulent use of network facilities against its managing. . .
03/04 The highest levels of South Africa's government are giving "serious consideration" to a variety of additional financial support measures for Eskom, Public Enterprises Minister Pravin Gordhan said on Wednesday.. . .
03/04 The proportion of Kenya's population with access to formal financial services rose to 83 percent from 75 percent in 2016, driven largely by mobile technology, a survey part-conducted by the central. . .
03/04 South Africa's rand strengthened on Wednesday amid growing appetite for risk on hopes for progress in trade negotiations between China and the United States.. . .
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