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Tuesday, October 16, 2018

Numsa plastic sector workers to strike over wages

JOHANNESBURG, October 15 - Thousands of National Union of Metalworkers of South Africa are expected to strike in more than 450 companies in the plastic...

Nedbank to buy back shares from minority shareholders

JOHANNESBURG - Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as...

South Africa’s Exxaro looks to fill Eskom coal shortage

JOHANNESBURG - South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been...

South African rand firmer ahead of Moody’s rating decision

JOHANNESBURG - The South African rand firmed against the globally hobbled dollar early on Friday ahead of the country's credit review announcement by ratings...

Steinhoff’s shares plunge after global rout, report on retailer’s ex-CEO

JOHANNESBURG - Steinhoff's shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report...

Toyota, SoftBank in first-ever alliance, target self-driving car services

(This October 4 story corrects paragraph 17 to show...

Mozambique signs oil exploration agreements with Exxon, Rosneft

MAPUTO - The Mozambican government said on Monday it had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia's Rosneft. Mozambique's National...

South Africa’s MTN shares up 2 percent on possibility of reduced repatriation demand

JOHANNESBURG  - South Africa's MTN Group shares rose as much as 2.55 percent after the Nigerian central bank governor said on Sunday the bank...

South Africa’s rand weaker on report Nene asked to be sacked

JOHANNESBURG  - South Africa's rand was weaker early on Monday, after the Business Day newspaper cited government sources as saying that Finance Minister Nhlanhla...

South Africa’s MTN shares hit 2-week low on Nigeria dispute fears

JOHANNESBURG - Shares in South Africa's MTN fell to two-week lows on Friday on investor fears a dispute with the Nigerian central bank over...

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