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South Africa remains the sixth largest export market for Scotch whisky [Business Africa] - africanews

Fri, 08/03/2018 - 16:01

africanews

South Africa remains the sixth largest export market for Scotch whisky [Business Africa]
africanews
South Africa's whisky market is booming among the middle class but as the economy struggles to recover after a recession, even affluent drinkers are reining in spending and companies are having to fight back to maintain their lead. On this week's ...

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South Africa's business-friendly president alarms investors with land grab proposal - CNBC

Fri, 08/03/2018 - 12:03

CNBC

South Africa's business-friendly president alarms investors with land grab proposal
CNBC
But, some investors are fearful that constitutionalizing land grabs would undermine business stability and economic growth, which has remained subpar thanks to years of corruption under former President Jacob Zuma's administration. South Africa's ...

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South Africa Lobby Group Rejects Capitec Offer on Viceroy Report - Bloomberg

Fri, 08/03/2018 - 11:09

Bloomberg

South Africa Lobby Group Rejects Capitec Offer on Viceroy Report
Bloomberg
Business Leadership South Africa, a lobby group made up of some of the country's largest companies, said it turned down an offer from Capitec Bank Holdings Ltd. to pay for a report on short seller Viceroy Research, which had earlier in the year ...

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Summit to Address Electricity Development in West Africa - Business ... - Business Post Nigeria (press release) (blog)

Fri, 08/03/2018 - 10:55

Business Post Nigeria (press release) (blog)

Summit to Address Electricity Development in West Africa - Business ...
Business Post Nigeria (press release) (blog)
By Dipo Olowookere. From September 26 to 28, 2018, the EnergyNet Summit taking place in Ghana will look to explore business opportunities in the WAPP ...

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Kenya targets manufacturing industry to reach Vision 2030 goals - African Business Chief

Fri, 08/03/2018 - 10:12

African Business Chief

Kenya targets manufacturing industry to reach Vision 2030 goals
African Business Chief
The Delivery Secretariat Chairman of Kenya's Vision 2030, James Mwangi, has highlighted the manufacturing industry as a focus point in order to achieve goals set as part of the initiative. The nation's manufacturing sector has been subject to slow ...

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These ultra-rich South African business people have seen a massive jump in their wealth – and one of them may ... - Business Insider South Africa

Fri, 08/03/2018 - 09:37

Business Insider South Africa

These ultra-rich South African business people have seen a massive jump in their wealth – and one of them may ...
Business Insider South Africa
The City Press Wealth Index shows that, in rand terms, Christo Wiese saw the biggest jump in value of his JSE holdings since 2008 - despite the Steinhoff meltdown. Capitec founder Michiel le Roux's investments grew the most in percentage terms - more ...

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Africa is open for business - Global Trade Magazine (blog)

Fri, 08/03/2018 - 08:09

Global Trade Magazine (blog)

Africa is open for business
Global Trade Magazine (blog)
When asking businesspeople and economists to name a continent that springs to mind for its opportunities, workforce and potential to provide stable growth for the next five decades, few would say Africa. However, investment banker Mark Byron can prove ...

Recent trends in Africa's business growth: Patrick Gutmann - African Review

Fri, 08/03/2018 - 07:45

Recent trends in Africa's business growth: Patrick Gutmann
African Review
Patrick Gutmann, managing director for corporate and institutional banking at BACB, the UK‐based bank with four decades of experience in Africa, has discussed some major factors driving Africa's current business landscape with African Review (ATR).

These two banks are set to pose serious competition to South Africa's 'big four' - BusinessTech

Fri, 08/03/2018 - 07:07

BusinessTech

These two banks are set to pose serious competition to South Africa's 'big four'
BusinessTech
While Nedbank's first-half earnings will get a boost from a return to profit at Ecobank Transnational Inc., the African lender in which it holds a 20% stake, the company's own operations will probably only reveal low single-digit growth, said Denker's ...

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5 important things happening in South Africa today - BusinessTech

Fri, 08/03/2018 - 06:43

BusinessTech

5 important things happening in South Africa today
BusinessTech
The South African rand lost ground against the greenback on Thursday as a bellicose United States Federal Reserve and escalating trade tensions weighed on emerging market currencies. On Friday the rand was trading at R13.48 to the dollar, R17.55 to the ...

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MTN divests from Europe, targets more investments in Africa - Guardian (blog)

Fri, 08/03/2018 - 04:39

Guardian (blog)

MTN divests from Europe, targets more investments in Africa
Guardian (blog)
Though, report had it that the telecommunications firm may move against some non-performing African countries including Liberia, Guinea, and Guinea-Bissau because they have the lowest number of subscribers after Cyprus, but did not give details.

Russia Says Reporters Killed in Africa Were Not Tortured - U.S. News & World Report

Thu, 08/02/2018 - 19:26

U.S. News & World Report

Russia Says Reporters Killed in Africa Were Not Tortured
U.S. News & World Report
MOSCOW (AP) — Investigators found no apparent signs of torture on the bodies of three Russian journalists who were killed in Central African Republic this week, Russia's Foreign Ministry said Thursday. The journalists were in the country investigating ...

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How colonists secured cheap labour in Africa - Business Daily (press release) (blog)

Thu, 08/02/2018 - 18:22

Business Daily (press release) (blog)

How colonists secured cheap labour in Africa
Business Daily (press release) (blog)
The presence of Britain in East Africa was stimulated by designs to expand their empire and accumulate power and wealth to preserve their status as a powerful nation by exploiting the rich natural resources of Africa. This motive was couched in lofty ...

The Two Faces That Mean Business - Forbes Africa (blog)

Thu, 08/02/2018 - 12:43

Forbes Africa (blog)

The Two Faces That Mean Business
Forbes Africa (blog)
The Wall Street Journal counted her among the Top 50 Women in the World to watch in 2008. In 2011, Forbes named her one of the 20 youngest power women in Africa, and in 2014, she was named FORBES WOMAN AFRICA Business Woman of the Year.

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South Africans may soon be able to pay bills, buy clothes and get flight tickets through WhatsApp - here's how it'll ... - Business Insider South Africa

Thu, 08/02/2018 - 12:19

Business Insider South Africa

South Africans may soon be able to pay bills, buy clothes and get flight tickets through WhatsApp - here's how it'll ...
Business Insider South Africa
"Customers naturally gravitate towards businesses offering them convenient, simpler and quick ways to get what they need," Kurz told Business Insider South Africa. "And this gives the businesses an edge over the competition." It is estimated that ...
Absa launches ChatBanking on WhatsApp as part of African pushBusiness Day

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KenolKobil announces half year results, sees 16% rise in net profits - African Business Chief

Thu, 08/02/2018 - 10:54

African Business Chief

KenolKobil announces half year results, sees 16% rise in net profits
African Business Chief
KenolKobil, the pan-African oil firm based in Nairobi, has announced its half year results ending June. During the ... The company's profit after tax rose from Sh1.422bn (US$14.2mn) in the first six months of 2017 to Sh1.65bn ($16.4bn) in 2018 ...

KenolKobil announces half year results, sees 16% rise in net profits - African Business Chief

Thu, 08/02/2018 - 10:54

African Business Chief

KenolKobil announces half year results, sees 16% rise in net profits
African Business Chief
KenolKobil, the pan-African oil firm based in Nairobi, has announced its half year results ending June. During the review period the firm noted a 16.07% year-on-year rise in net profit, as well as its sales revenue increasing by a quarter and its costs ...

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South Africa's Land Problem Won't Go Away - Bloomberg

Thu, 08/02/2018 - 10:32

Bloomberg

South Africa's Land Problem Won't Go Away
Bloomberg
Even though South Africa's ruling African National Congress party is not in favor of expropriating white farmers' land as was done in neighboring Zimbabwe, investors are right to worry about the ANC's land-reform deliberations. The fundamental problem ...
Ramaphosa's late-night shock - ANC will amend constitution on landBusiness Day
Taking the land: ANC grasps South Africa's most emotive issueBusiness Insider
South Africa's ruling party to amend constitution to allow for land seizuresNew Zealand Herald
Eyewitness News -Business Insider South Africa
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A New Model For Investing In Africa - Forbes

Thu, 08/02/2018 - 10:04

Forbes

A New Model For Investing In Africa
Forbes
Crowdfunding has taken off globally and has begun to gain traction in Africa, because of the new opportunities it provides individuals or businesses looking to raise awareness and funds for their ideas and products. It has increased the pool of ...

Boehringer Ingelheim launches the initiative In Reach Africa to address key healthcare infrastructure and access ... - Business Wire (press release)

Thu, 08/02/2018 - 10:01

Business Wire (press release)

Boehringer Ingelheim launches the initiative In Reach Africa to address key healthcare infrastructure and access ...
Business Wire (press release)
INGELHEIM AM RHEIN, Germany--(BUSINESS WIRE)--Boehringer Ingelheim, one of the world's leading pharmaceutical companies, announced recently the launch of the 'In Reach Africa' program, an initiative aimed at facilitating quality and innovative ...

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