Alec Hogg GENEVA (Reuters) – The World Food Programme will help to feed nearly 6.5 million Ethiopians this year, the U.N. agency said on Tuesday, with the country hit by locusts, neighbouring war and sparse rainfall. “We are concerned because there is the beginning of a locust invasion in the eastern part of the country, and if … Read more
JOHANNESBURG (Reuters) –Â South Africa’s third-biggest mobile operator Cell C said it plans capital expenditure of 2.3 billion rand ($221.62 million) in 2014 to support an expanding subscriber base. Users increased to 16.6 million at the end of April, a 22 percent rise from the end of 2013, it said in a statement. The company, majority … Read more
I think this interview deals with a very interesting question, which is when does a stock look like a “value buy” and when does it just look like a dog. African Bank is a stock that has lost a lot of ground over the last eighteen months or so, as a result of some pretty … Read more
In popular culture, retirement is often painted as the golden years, a time to sit back and enjoy the fruits of a lifetime of hard work. Unfortunately, that attractive dream is very far from the reality for the majority of South Africans. According to a recent survey, only 29% of working South Africans who are … Read more
By Angus MacSwan LONDON (Reuters) – Ghana midfielder Kwadwo Asamoah believes the Black Stars have put their disappointing exit from the 2010 World Cup firmly behind them and can draw on that experience to emerge from a tough group at next month’s tournament. Asamoah has been in terrific form for his Italian club side Juventus … Read more
CAIRO (Reuters) – The number of tourists visiting Egypt fell 32.4 percent in March compared with the same month last year, state media said on Tuesday, as a vital source of foreign currency continues to dry up after years of political turmoil. Around 755,000 tourists visited Egypt in March, state-news agency MENA quoted official statistics … Read more
Today the S&P Dow Jones Indices launched what it calls ‘the deepest and most extensive suite of African equity indices currently available to investors.’ Fourteen new equity indices covering thirteen African markets were launched, providing investors in Africa, as well as those outside, with a comprehensive offering of indices measuring the performance of the African … Read more
LONDON (Reuters) – Manager Tim Sherwood has left Tottenham Hotspur after six months in charge, the Premier League club said on Tuesday. The 45-year-old replaced Andre Villas-Boas in December and led Spurs to sixth place in the table. He signed an 18-month contract when he took over as manager but was widely expected to leave … Read more
JOHANNESBURG, May 13 (Reuters) – South Africa’s Nedbank reported an 8.7 percent jump in net interest income in the first quarter after a lending push grew total advances by nearly 15 percent. South Africa’s fourth-largest bank by market value said net interest income – the difference between interest received on loans and paid out on deposits – was … Read more
Hi there, A colleague was mugged over the weekend. Just as the sun was setting, three 30-something toughs, one with a gun another a knife, accosted him. They roughed him up before demanding a cell phone and wallet. It was all over really quickly, he tells us, but not before the knife-man, before leaving, threatened … Read more