A longstanding executive of South Africa’s PPC Ltd has left the company, the cement maker said on Thursday, becoming the latest departure following a high-profile tussle between the board and its former chief executive.
MTN Group plans to lay off about half of its 850 managers in South Africa, the mobile operator said on Thursday, well below the number of job cuts predicted by union officials.
South Africa’s Imperial Holdings will buy 70 percent of Imres BV, a Dutch wholesaler of medical supplies, for 46 million euros ($58 million) in cash.
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.
Full production at Anglo American Platinum’s strike-hit Rustenburg, Union and Amandelbult mines in South Africa resumed a month ahead of schedule in September as operations bounced back from a five-month strike, the company said on Thursday.
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.
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.