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Strike pushes South African Airways to brink of collapse

20/11 South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the. . .  Full story

African Markets - Factors to watch on Dec. 4

04/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Asian shares. . .  Full story

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ArcelorMittal South Africa to close Saldanha operation

11/11 ArcelorMittal's South Africa unit said on Monday it would close its steel operations at Saldanha Works in the south of the country because it could no longer compete in export markets.. . .  Full story

MultiChoice profits leap on cost controlling measures

11/11 Africa's biggest pay-TV group MultiChoice saw half-year profits leap 22%, it said on Monday, as it further cut losses outside of its home market South Africa and as foreign exchange swings. . .  Full story

No apologies: Africans say their need for oil cash outweighs climate concerns

08/11 A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.. . .  Full story

Vodacom posts 19% H1 profit rise a year after share scheme hit

11/11 South African mobile operator Vodacom on Monday reported an 18.9% rise in half-year profits, partly reflecting the absence of one-off costs related to a share scheme offered to black investors.. . .  Full story

S.Africa's Tiger Brands looking at sale of processed meats business

08/11 South Africa's Tiger Brands is exploring the sale of its processed meats business, which was temporarily closed last year following the world's largest ever listeria outbreak, it said on Friday.. . .  Full story

Power cuts hit South Africa's rand

08/11 South Africa's rand was weaker early on Friday after nationwide electricity blackouts overnight by ailing state utility Eskom spooked investors and reignited worries about the economy.. . .  Full story

S.Africa's Absa to open New York office by end of the year

11/11 South African lender Absa said on Monday its representative office in New York should be operational by the end of the year, after it received the necessary regulatory approvals.. . .  Full story

Failure to launch: The biggest IPO pull-outs of 2019

08/11 Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the. . .  Full story

S.Africa manufacturing, business confidence falls take shine off investment drive

07/11 South Africa's manufacturing contracted by more than expected and business confidence tumbled in data released on Thursday, casting further doubt over the economy a day after President Cyril Ramaphosa secured $24. . .  Full story

African pay-TV group MultiChoice forecasts profit rise

07/11 Africa's biggest pay-TV group MultiChoice said on Thursday it expects its core headline earnings per share (HEPS) for the first half of the year to be between 20% and 25% higher. . .  Full story

Dry, hot weather threatens South African grain crops

07/11 Farmers in South Africa are concerned that a drought and hot weather could delay the coming season's plantings of grain crops and damage yields.. . .  Full story

Congo disputes Canadian miner Banro's suspension of operations

07/11 Democratic Republic of Congo has declared "null and void" Canadian gold miner Banro Corporation's suspension of operations at several of its sites in the central African country.. . .  Full story

Tata Steel plans to cut up to 3,000 European jobs

18/11 Tata Steel plans to cut up to 3,000 jobs across its European operations, the company said on Monday, as the sector wrestles with excess supply, weak demand and high costs.. . .  Full story

Tesla's Musk, Greenlight's Einhorn taunt each other on Twitter

08/11 Tesla Inc Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language.. . .  Full story

Which markets did best from Berlin Wall's collapse? Wall St and the BRICs, of course

08/11 The toppling of the Berlin Wall made free market economics the norm across Europe - but which financial markets have done the best since then? Wall Street and the BRICs, of course.. . .  Full story

S.Africa investment summit draws few foreign pledges

06/11 South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of new investment pledges on Wednesday, saying these would spur economic growth and reduce unemployment, but foreign firms made. . .  Full story

Copper weakens ahead of Trump speech on trade

12/11 Copper fell to a one-week low on Tuesday ahead of a speech by U.S. President Donald Trump in which he is expected to announce a delay in auto tariffs and provide clues about the. . .  Full story

S&P 500, Nasdaq slip on trade uncertainty; Boeing buoys Dow

11/11 The S&P 500 and Nasdaq stock indexes fell from record highs on Monday as uncertainty about progress in U.S.-China trade talks again rose to the fore following comments by President Donald Trump, while a. . .  Full story