South African retailers including The Foschini Group and Woolworths Holdings are increasing investment in local clothing manufacturers, both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19.
Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say.
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial meetings on Monday and Tuesday, four OPEC+ sources told Reuters.
The SA Reserve Bank (SARB) has issued a warning to consumers to be vigilant against suspicious instant electronic funds transfer (EFT) online payment services ahead of the festive season shopping spree.
A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the COVID-19 pandemic, the Swiss bank said.
Canada on Saturday blocked bulk exports of prescription drugs if they would create a shortage at home, in response to outgoing United States President, Donald Trump’s efforts to allow imports from Canada to lower some drug prices for Americans.
Chinese telecom company, Huawei, has donated telecommunication equipment to the Ahmadu Bello University (ABU) in northwest Nigerian city of Zaria as part of a partnership to stimulate the learning of information and communication technology in the We