Africa-news

Africa-news (598)

Commercial and residential property group Knight Frank has published its Wealth Report for 2022, showing the number of high-net-worth individuals that currently live in South Africa.

Even after a salary cut, Denise Coates’ paycheck is hard to beat. 

Virgin Active Holdings raised £88.4 million ($118 million) from backers including billionaire Christo Wiese, and will expand with the acquisition of the nutrition assets of South Africa’s Real Foods Group.

Mozambican President Filipe Nyusi appointed former energy minister Max Tonela as his new Finance minister, replacing Adriano Maleiane, who was removed from the post on March 2.

South African energy company Gigajoule is confident of reaching financial closure by year-end ahead of construction of its US$550 million Matola LNG import terminal in Mozambique with joint development partner TotalEnergies TTEF.PA, the chief executive of the privately-held firm said on Thursday.

Russia's invasion of Ukraine this week sent oil prices soaring and the ruble crashing, and added new worries about a global supply chain that showed its weaknesses during the pandemic.

South Africa's labour union Solidarity has drafted a parliamentary petition to deregulate the country’s petrol price and lower fuel costs.

OPEC Secretary General Mohammad Barkindo says it would be a tragedy if Africa's oil and gas resources became stranded assets because of the global drive towards decarbonisation, and that any talk of halting investments in the field was misguided.

Ster-Kinekor Theatres has received an offer from Blantyre Capital and Greenpoint Capital for a R250 million senior secured debt facility.

Russia’s billionaires are starting to feel the heat.

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