Germany raised 760 million euros (US$760 million) from the sale of a stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns.

The rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements.

Barclays Plc is expanding private-banking services in Africa, looking to target the continent’s US$2 trillion high-net worth market.

Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years.

The South African Competition Commission has conditionally recommended the approval of Dutch giant Heineken's proposed takeover of parts of South Africa's largest alcohol producer Distell, with the parties having agreed to invest more than R10 billion on their local operational footprint as well as transfer more than R3 billion in shares to workers.

Agriculture, Land Reform and Rural Development Minister Thoko Didiza has decided not to extend the national ban on the movement of cattle.

The value of the US dollar against other major currencies has reached its highest level since the early 2000s. Even as recession fears mount and the economy shows signs of slowing, the dollar continues to surge.

TotalEnergies has lodged its production licence application for Block 11B/12B offshore South Africa, the national petroleum regulator said on Tuesday, before a deadline expired which might have seen the oil major forfeit its right to develop the huge discovery.

Barclays raised nearly R10.7 billion from the sale of its remaining stake in Absa, exiting an investment it made in 2005 and marking its second retreat from the region. 

Cashbuild is closing its two underperforming stores in Zambia, which has proven to be a tough trading environment for the building materials retailer, said CEO Werner de Jager.

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries