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The Minister of Public Enterprises, Pravin Gordhan, and officials from the Ministry of Public Enterprises yesterday met the Eskom board and management about the financial and restructuring issues confronting the utility.
Senior managers at Dimension Data are considering a buyout of some of the company’s operations from its owner, Nippon Telegraph & Telephone, according to people familiar with the matter.
Anglo American Platinum is giving hundreds of hectares of land to communities living in a South African area that’s rich with the ore as the nation’s ruling party seeks to introduce laws that make it easier to expropriate land without paying for it.
Steinhoff International is seeking to sell properties in Europe worth about $450m to raise cash as it restructures its debt.
Standard Bank expects to close 91 branches across South Africa, most by the end of June, in a move that may affect about 1,200 employees.
MTN plans to push ahead with an initial public offering of its Nigerian unit once Africa’s biggest wireless carrier resolves a $2bn tax dispute in the country.
Rooibos is becoming a big deal in Japan – one of the largest tea-drinking nations in the world – with exports of our indigenous tea hitting record highs in 2018.
Naspers wants to spend about $1bn in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent.
The citrus growers from Southern Africa will export a record crop of close to 137m boxes of citrus fruit to more than 100 countries this year.
The RMB/BER Business Confidence Index declined by a further three points to 28 in the first quarter of 2019. This is the lowest level since the 27 index points recorded in the second quarter of 2017.