Economy

Rand softer as investors take profits on rally

South Africa's Rand inched weaker on Wednesday, pausing an advance that has seen it march to a one month-and-a-half best as investors took profits on a rally sparked by bets of a business-friendly outcome to the ruling party's leadership battle.

more

SA PIC wants Lonmin board seats

South Africa's Public Investment Corporation (PIC) is planning to ask for two seats on the board of Lonmin by the end of 2017. It has also suggested the platinum miner move its main listing to Johannesburg, its Chief Executive said.

more

Nigerian capital inflows spike in Q3

The total value of capital imported into Nigeria more than doubled in the third quarter to $4.15 billion, after the economy emerged from a recession, the National Bureau of Statistics (NBS) said on Monday.

more

Zambia 'must have' IMF loan in place in 2018

Zambia expects to host a mission of the International Monetary Fund (IMF) before the end of the year and hopes to have a $1.3 billion loan deal in place in early 2018, Treasury Secretary Fredson Yamba said on Tuesday.

more

SA Public Protector accused of abusing office

The South African Reserve Bank (SARB) has applied for a declaratory order from the North Gauteng High Court that Advocate Busisiwe Mkhwebane abused the office of the Public Protector, and wants her to pay legal costs independently.

more

SARS grilled on tax refund delays

The SA Revenue Service (SARS) has to address allegations that it delays tax refunds, offsets refunds by raising new assessments and has automatic stoppers to prevent refund payments.

more

SA credit demand growth slows in October

Growth in South Africa's private-sector credit demand fell to 5.43% in October from a revised 5.50% in September, central bank data showed on Wednesday.

more

Sudan looks to unify currency rates

Sudan will take new measures to unify the exchange rates of its Pound currency by next January, the central bank said on Monday, as the country grapples with a stubborn black market and a dwindling supply of Dollars in the official banking system.

more

AfDB launches youth advisory group

The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth.

more

Shell scraps scrip dividend after three years of austerity

Royal Dutch Shell on Tuesday said it will cancel an austerity dividend policy as the oil and gas company boosted its cash generation forecasts, drawing a line under three years of oil price turmoil.

more

Web Content Viewer (JSR 286)

Actions
Loading...

ADVERTISEMENT

Web Content Viewer (JSR 286)

Actions
Loading...