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South Africa
Thursday, January 17, 2019

Robinhood’s checking plan could face regulatory scrutiny

WASHINGTON - Financial technology startup Robinhood could face scrutiny by U.S. regulators over statements that its new checking and savings accounts are insured by...

Transfer of Eskom’s debt to South African government credit neutral – Moody’s

JOHANNESBURG - Power utility Eskom's request for the government to take up 100 billion rands ($7 billion) of its debt could cause the country's...

South Africa’s Aspen strikes distribution deal with U.S. drugmaker Mylan

JOHANNESBURG (Reuters) - Aspen Pharmacare has struck a deal with...

South Africa’s Aspen strikes distribution deal with U.S. drugmaker Mylan

JOHANNESBURG - Aspen Pharmacare has struck a deal with U.S. generics maker Mylan to distribute a portfolio of prescription and over-the-counter drugs in Australia...

Zimbabwe mining minister invites De Beers, Vast Resources to return

HARARE/LONDON - De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies...

Reserve bank to wait until May for next rate hike

JOHANNESBURG - The South African Reserve Bank will not raise interest rates again until May, according to a Reuters poll, taken after the central...

Samsung to shut mobile phone plant in China’s Tianjin

SEOUL (Reuters) - Samsung Electronics will cease operations at one...

South African rand’s volatility grows as economic risks gather

JOHANNESBURG - Implied volatility on South Africa's rand rose by its most since the last finance minister reshuffling in October, amid worries over the...

Consumer inflation rises to 5.2 percent year-on-year in November

JOHANNESBURG - South Africa's headline consumer inflation quickened slightly to 5.2 percent year-on-year in November, data from Statistics South Africa showed on Wednesday. On a...

Kenya releases new look currency

JOHANNESBURG, December 12 – Kenya has released new banknotes and coins with their public circulation to begin on Wednesday. The new currency also sports...

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