Potential buyers of low-cost airline Mango have been informed that none of them could suitably show they have access to at least R200 million. The airline's rescue practitioner has given them more tim...
The Zimbabwean unit of Impala Platinum has been granted licences to generate its own power. This is as companies are trying to cushion their operations from the country's power supply woes. Zimbabwe d...
Matsila village, a small community in the Vhembe area of northern Limpopo, has replaced Eskom power at its boreholes with solar panels in a bid to reduce electricity costs, which have risen exponentia...
De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on a buying frenzy for uncut gems. De Beers raised pr...
The number of households in Britain struggling to pay their energy bills is set to triple in April when the nation’s price cap increases. The number of homes under "fuel stress" - those spending at le...
Most bourses elsewhere rose, with Turkey’s BIST index up for 11 straight sessions after a currency crisis-led slump. An index of emerging market stocks fell for a third straight session on Monday as C...
Brent for March settlement rose 0.6% to $86.56 a barrel on the ICE Futures Europe exchange at 7:30 a.m. in London after climbing 1.9% on Friday. Brent oil edged toward the highest intraday level since...
Concerns about concealed debt at Logan Group Co. fueled a heavy selloff in Chinese dollar bonds, both investment- and grade and high-yield. Property stocks were also lower as data showed a slowdown i...
Dutch energy giant Vitol, has progressed its bid to buy out shareholders in JSE-listed Vivo Energy shareholders, which distributes Shell and Engen branded fuels and lubricants in Africa, and has obtai...
The head of Credit Suisse has resigned less than a year after taking the reins of the scandal-hit bank following reports that he had broken Covid quarantine rules. Antonio Horta-Osorio's resignation w...
We all benefit from constructive criticism. In this weekly letter, I’ve criticised freely and often. But it is always important to get one’s facts straight when doing so. BLSA (and often me personal...
Bain Capital is in advanced talks to buy outsourcing firm VXI Global Solutions from Carlyle Group, people familiar with the matter said, five years after selling its stake in the business to its priva...
The nation added 40 billionaires to 142 last year, when a second wave of infections overwhelmed its health infrastructure and pushed crematoriums and burial grounds to breaking point. India’s richest ...
Consumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases. Alternative coins’ use surged partly as more businesses have begun using stablecoins for cros...
Rwanda is well positioned to seize a share of the market for passion fruit in Europe, according to a study by Manufacturing Africa in collaboration with various Rwandan government agencies. Demand for...
By Allen Leroux, CEO of FEDISA Fashion School, an Honoris United Universities institution. As the second largest sector in the developing world after agriculture, the fashion, textile and clothing ind...
// Amazon welcomes Hammerson’s head of leasing Stephen Daniels as its senior real estate manager. Amazon has poached Hammerson’s head of leasing Stephen Daniels as its senior real estate manager for p...
Focusing on key sustainability aspects such as water stewardship, waste management and economic empowerment on the continent. Soft drinks giant Coca-Cola through its Africa Operating Unit (AOU) on Thu...
Independent investment company Fledge Capital has announced a 25% shareholding in sports and workout supplements brand Ultimate Sports Nutrition (USN). The company holds a R2.3 billion investment port...
Capitec announced last week that chief financial officer André du Plessis will retire on June 30. Described by the group as a “co-founder”, he joined the bank on its establishment 22 years ago. Accor...
The government will be able to introduce a driving licence demerit points system despite the Administrative Adjudication of Road Traffic Offences (Aarto) Act and the Aarto Amendment Act being declared...
According to energy regulator Nersa the increase could be as high as 40% if amounts clawed back in relation to previous years and court orders are included. Asac is one of several stakeholders expecte...
Car prices reached record highs in 2021 because of chip shortages. Most car manufactures didn't have enough inventory, and this short supply pushed up new car prices. This year is unlikely to be diffe...
South Africa’s justice minister fired the latest salvo in a war of words between those who want President Cyril Ramaphosa to remain the ruling party’s head and those who want him ousted in December at...
Eskom Holdings, which supplies almost all of South Africa’s power, will take two of the continent’s largest generating units offline this year for maintenance, increasing the risk of power cuts after ...
As a brand loyal nation, it’s clear to see why some of us are drawn to certain brands more than others. A new study by Raisin UK has identified which luxury retailer is most popular in different count...
// Primark owner Associated British Foods is set to post higher sales as shoppers returned to stores over the festive period. // Primark will give an update on festive trading on Thursday January 20. ...
The country’s largest bank is encouraging clients to embrace digital services. Mitsubishi UFJ Financial Group Inc. will start charging new customers for a bank passbook, joining other Japanese lenders...
There are several reasons to be constructive about emerging markets (EMs) heading into 2022. Equity valuations appear to have priced in much caution and indicate attractive long-term value. China’s ma...
The year 2021 was one of critical conversations about global agrifood systems – the processes and methods through which farming produces food. Following on the heels of the Covid-19 pandemic and a ri...
When the coronavirus crisis erupted in 2020, it became apparent that the medical emergency was accompanied by severe shortages, especially in some medical devices. The pattern was first observed for v...
In December, the average price of a new vehicle in the US hit $47 077, up 14% ($5,742), compared to 2020, and up 1.7% ($808) from the previous month, according to Kelley Blue Book. The rise came as U...
Keeping a major presence in the UK capital at a time when firms wrestle with how to manage employee work habits. Alphabet’s Google said it would spend $1 billion to buy up its own London offices, keep...
It’s the technology that enables wireless communication – for example, from your cellular phone to a cell tower, which channels it to the internet. 5G is a network service provided by telecommunicatio...
Civil society organisation We Are South Africans wants President Cyril Ramaphosa to create a government-funded oversight committee to assess permits granted by the Department of Mineral Resources and ...
Macau on Friday unveiled plans to slash the duration of new gaming licences to just 10 years, half the length awarded the last time concessions were granted, as authorities tighten regulation of the w...
The extended unavailability of the Koeberg Nuclear Power Station's units 1 and 2 this year due to planned outages, means the electricity supply system in the country may come under additional strain, ...
US financial giant Citigroup said Friday it will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam for $3.6 billion, as it pushes ahead with global streamlining plans. ...
Three weeks after a wastewater spill, Zululand Anthracite Colliery is complying with government directives to monitor the area for negative affects. The impact of the spill on human health and the env...
A year later than planned, due to Covid-19, the 2021 Africa Cup of Nations (Afcon) has successfully kicked off in Cameroon. The opening match of the 33rd edition of Afcon took place in Yaoundé, the c...
Many newly independent African countries in the 1960s inherited regional and ethnic inequalities in formal educational attainment. These new states bound together sub-national regions of diverse ethn...
The euro area’s newest recruits have no regrets about joining the currency bloc but are grappling with one of its major drawbacks. The euro area’s newest recruits have no regrets about joining the cur...
The idea of spending thousands or even millions of dollars to buy fictitious “land” in a virtual world sounds, to be frank, absurd. But in recent months, we’ve seen significant investments in virtual ...
Deliberations are ongoing and there’s no certainty they will lead to any transaction. Alibaba Group Holding is considering raising funds for its high-tech grocery chain at a proposed valuation of $10 ...
The Communist Party of South Africa was formed in July 1921. To mark its centenary last year, renowned South African historian Tom Lodge published Red Road to Freedom: A history of the South African ...
In November 2020 the state utility said it would face the charges, which could be classified as criminal conduct, after a series of infractions at the 4 116-megawatt facility, which had its pollution ...
A group of scientists are calling for government to improve legislation geared at protecting the marine environment in light of exploration activities such as seismic surveys. Scientists recommend mar...
This week, potential investors in low-cost airline Mango were to be notified whether their "expressions of interest" qualify for the next round in the selection process. Business rescue practitioner S...
The joint ventures will need government approval and a database to match landowners with potential investors will be developed. In a break with the past, Zimbabwe is urging farm owners with unproducti...