Allon Raiz CEO of Raizcorp joined Alec on CNBC Africa to discuss the impact of the 5 month long platinum strike on businesses across the country. You would be forgiven for thinking that the contents of the discussion between Alec and Allon was full of gloomy tales of small businesses haemorrhaging their lifelines and subsequently disappearing … Read more
It was a busy day for those keeping an eye on the stock exchange news service (SENS) today. Having a look at the markets in the CNBC studio with Alec, was Izan de Bruin the CEO of Xenium Financial Managers. They have a look at the day’s newsmakers and movers, which have been focused on … Read more
FIFA has rejected calls to move the 2018 World Cup from Russia, saying the tournament “can achieve positive change.” Russia’s alleged involvement in shooting down a Malaysia Airlines plane over Ukraine last week prompted calls from some lawmakers in Germany to review the country’s hosting rights. FIFA says it supports “any peaceful and democratic debate” … Read more
By Fumbuka Ng’wanakilala and Michele Kambas DAR ES SALAAM/NICOSIA (Reuters) – Tanzania’s central bank said on Friday it had taken over the management of a bank accused by the U.S. government of large-scale money laundering. The decision comes after the Central Bank of Cyprus (CBC) placed two branches of FBME Bank under its control following … Read more
By Nnekule Ikemfuna KANO (Reuters) – A bomb hidden in a refrigerator killed one and wounded eight at a crowded bus park in northern Nigeria’s biggest city of Kano on Thursday, police said. Ike Chuku, a local trader who witnessed the blast, told Reuters by telephone that emergency services had arrived to rescue the wounded … Read more
FREETOWN (Reuters) – Sierra Leone officials appealed for help on Friday to trace the first known resident in the capital with Ebola whose family forcibly removed her from a Freetown hospital after testing positive for the deadly disease. Radio stations in Freetown, a city of around 1 million inhabitants, broadcast the appeal on Friday to … Read more
By Paul Sandle LONDON (Reuters) – Vodafone reported another big quarterly drop in its main revenue measure, as weakness in South Africa and Spain offset stabilization elsewhere in Europe, and said a broader improvement is not expected until later in the year. The world’s second-biggest mobile operator is ramping up spending on new, faster 4G networks to satisfy customers’ growing … Read more
By Shaun Murison* Anglo American Plc released interim results for 2014, which although pressured were ahead of expectations. During the period, depreciating producer currencies and increased production across most of the company’s portfolio helped offset the drag induced by the prolonged strike within the platinum sector as well as pressured commodity prices. Group revenue (including … Read more
By Motlalepula Maduna The Premier Soccer League (PSL) will unofficially get underway this weekend when two of the most popular teams in the country  do battle in the annual Carling Black Label Cup at a sold-out FNB stadium. Kaizer Chiefs and Orlando Pirates lock horns in a much anticipated and fans oriented clash paving way for … Read more
Rupert Murdoch plans to forge a new pan-European pay TV group with his British-based BSkyB paying 4.9 billion pounds (8.3 billion dollars) in cash to buy the media mogul’s television offshoots in Germany and Italy. Until now, the German and Italian pay TV operations had been owned by the US media group 21st Century Fox, … Read more