Naspers to list R4bn printing unit Novus on JSE next month
South African media and internet group Naspers said on Wednesday that it plans to list its Novus printing unit on the JSE in March.
Economy of Africa
5 reasons to be optimistic about Africa
It is impossible not to have strong views when it comes to the debate on Africa’s rise: despite solid economic growth and progress in poverty alleviation, people’s views on the region’s outlook remain stubbornly polarised.
WEF 2015: Five reasons to be optimistic about Africa
It is impossible not to have strong views when it comes to the debate on Africa’s rise: despite solid economic growth and progress in poverty alleviation, people’s views on the region’s outlook remain stubbornly polarised.
Minister Rob Davies: South Africa open for business
South Africa is committed to improving its global competitiveness and reputation with a view to delivering on its growth and developmental imperatives.
Rand on shaky ground ahead of ratings reviews
South Africa’s rand traded sideways against the dollar on Thursday after falling to fresh six year lows the day before, with the market bracing for a downgrade when Fitch and Standard & Poor’s review the country’s credit rating this week.
Paul Clark: Africa always brings something new – a worthy investment opportunity
Investors should consider the exciting investment opportunities on the continent of Africa, as these can offer diversified and high growth investments and, after all, Africans themselves are already investing there.
Sasol prefers US to SA – poised to invest R250bn in Louisiana
Sasol announced yesterday that it would be going ahead with an $8.1bn investment to build an ethane cracking plant in Louisiana.
Sasol earnings up 14% on weak rand, higher chemical prices
JOHANNESBURG (Reuters) – South African petrochemicals company Sasol reported a 14 percent increase in full-year earnings on Monday, boosted by higher chemical prices and a weaker rand currency, but the result fell short of analysts’ expectations. Diluted headline earnings per share rose to 59.64 cents from 52.53 cents the previous year, below a Reuters forecast … Read more
Sanlam to spend $52m to raise India insurance stake
JOHANNESBURG (Reuters) – Sanlam Ltd, South Africa’s largest insurer by market value, plans to spend up to 550 million rand ($52 million) to increase its stake in the insurance arm of India’s Shriram Group to 49 percent by the end of the year, its chief executive said on Thursday. The company, which has a 3.3 billion rand … Read more
SA economy grows 0.6% in Q2, dodging recession
PRETORIA (Reuters) – South Africa’s economy grew 0.6 percent in the second quarter, avoiding slipping into recession after contracting 0.6 percent in the first three months of this year, Statistics South Africa said on Tuesday. Africa’s most advanced economy grew 1 percent on an unadjusted year-on-year basis in the second quarter, compared with growth of 1.6 percent in … Read more