Africa-news

Africa-news (598)

Zambia Airways is set to launch on December 1, 2021, backed by a joint venture between Ethiopian Airlines and the Industrial Development Corporation Limited (IDC), a government-owned financial institution based in South Africa.

Standard Bank South Africa says it has introduced a Covid-19 vaccination policy, which requires all employees of the group who work from the premises to be vaccinated against Covid-19.

Old Mutual’s private equity arm has proposed R5.80 per share for Long4Life, valuing the SA investment company founded by entrepreneur Brian Joffe at about R3.7bn.

The Shoprite Group has launched its first standalone pharmacy, MediRite Plus, in Cape Town.

While the petrol price still went up on Wednesday, it was by 75c per litre, and not 81c as the department of mineral resources and energy (DMRE) incorrectly stated this week. 

Checkers is ramping up its battle with Woolies for a share of the wallet of higher income shoppers. Last week, it opened its first smaller format Checkers Foods in Weltevreden Park in northwest Johannesburg. Another three stores will open early next year in Ballito, Westlake (next to Steenberg in Cape Town) and Franschhoek.

Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of US and China’s consumer markets.

Tava Madzinga has been appointed as the new CEO of Santam, and will succeed Lize Lambrechts in the position from 1 July.

Hotel revenues and office property occupancy rates remain far below pre-Covid-19 levels, and although vaccination programmes have opened international travel and allowed for more mobility in both tourism and the corporate sector, these two property markets will continue to underperform in 2022.

Uganda is seeking to amend a loan agreement it signed with China in 2015 to ensure the government doesn’t lose control of the nation’s only international airport, the Monitor newspaper reported, citing people with knowledge of the matter.

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