African textile and clothing manufacturers are gathered in Cape Town, South Africa, for a two-day conference, where they are show-casing their products to over 1 600 decision-makers from all over the world.
South African construction firm, Basil Read Holdings, said on Wednesday it had applied to the Johannesburg Stock Exchange for the voluntary suspension of the listing of its shares after a key unit started business rescue proceedings.
Volkswagen bosses were locked in a second day of hastily convened meetings to address a leadership crisis sparked by the arrest of the head of the car manufacturer’s Audi brand, sources familiar with the matter said yesterday.
Dubai-based Abraaj Group agreed to sell its Latin America, Sub Saharan Africa, North Africa and Turkey Funds management business to US investment management firm Colony Capital Inc, the companies said on Thursday.
Nigeria’s President signed a record 9.12 trillion-Naira ($29 billion) budget for 2018 into law on Wednesday but said he would use a supplementary spending plan to seek changes, creating uncertainty about the final details of his growth strategy.
South Africa’s Rand was firmer in early trade on Wednesday in a technical rebound after slumping as much as 2% in the previous session to seven-month lows on jitters triggered by the escalating tit-for-tat US-China trade war.
The Australian federal court fined US tech giant Apple $6.7 million for telling some Australian iPad and iPhone owners that their faulty devices could not be fixed because they had previously been repaired by a third party in a breach of Australian.