Africa-news

Africa-news (598)

After crashing through R16/$ on Thursday, the rand was slightly stronger at R15.90 on Friday morning.

Some South African retailers have begun imposing per-customer limits on cooking oil, with Russia's war wreaking havoc on the supply of sunflower oil globally.

South Africa may be entering a fifth Covid wave earlier than expected after a sustained rise in infections over the past 14 days that seems to be driven by the BA.4 and BA.5 Omicron sub-variants, health officials and scientists said on Friday.

MTN says it is seeing great opportunities in Africa's nascent digital economy and is building "distinctly African" services and products.

When Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of Manhattan, he turned to a man who’s helped him transform a small trading company into an industrial empire spanning the continent.

South Africa’s efforts to wean itself off coal and focus on renewables, battery storage, electric vehicles and setting up a green hydrogen economy would require funding of over R1 trillion by 2030, a top government official said on Tuesday.

Almost 30% of South Africa's super rich have a postgraduate law degree, according to the latest Africa Wealth Report, published by Henley & Partners and New World Wealth.

MTN paid its group CEO Ralph Mupita R84.2 million in the 2021 financial year as the company recorded an improved financial performance, statements in the company's annual report show.

Sibanye-Stillwater CEO Neal Froneman was awarded an astounding R300 million in 2021, the company's annual report shows.

Twitter kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company's shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said.

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