Property developers plan to build a R140bn multi-cultural city, Wescape, for 800 000 people north of the Cape Town CBD as a real estate model for Africa.
South Africa’s rand weakened against the dollar on Thursday, a day after the finance minister warned that Africa’s most advanced economy was not making sufficient progress to reduce poverty and create jobs.
MTN Group, Africa’s largest mobile operator, reported a slight increase in quarterly subscribers on Thursday, as it was squeezed by stiff competition as well as tougher regulation in its key Nigerian market.
South Africa’s Hosken Consolidated Investments (HCI) does not expect the suspension of its executive chairman over alleged misconduct to impact financial performance, the investment firm said on Thursday.
African Bank Investments will most likely re-list on the Johannesburg Stock Exchange next year, says South African Finance Minister Nhlanhla Nene.
Northam Platinum has agreed to a $600 million deal with black shareholders that will see it increase its black ownership to over a third, the mid-tier platinum producer said on Wednesday.
Investors piled into South African stocks on Tuesday as Taste Holdings rose after buying a watch-maker and as indices tracked global markets which were lifted by prospects of ECB bond purchases.
South Africa’s rand clawed to its firmest level in 25 days against the dollar on Tuesday as investors took some comfort from China’s GDP data, focusing on growth being slightly stronger than forecast.
As Judge Thokolize Masipa told track star Oscar Pistorius he would go to jail for killing Reeva Steenkamp, customers at the bar owned by her parents held up their palms to signify “five years” and murmured approval.