Goldplat PLC resumed trading on AIM in London on Monday after it released results for the financial year that ended on June 30, posting growth in profit and revenue. Goldplat …
South Africa
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Telkom to cut up to 15% of its workforce
by Editorby EditorTelkom is again about to go through a painful retrenchment programme as it fights to contain costs in a tough macroeconomic environment. The partially state-owned telecommunications operator said on Tuesday …
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AfricaAFRICA NEWSSouth Africa
Food prices hit 14-year high as load shedding escalates
by Editorby EditorSouth African food prices increased at the fastest pace in almost 14 years in January, when the state power company intensified rolling blackouts. Annual food and non-alcoholic beverage inflation quickened …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Business rescue requires a will to survive
by Editorby EditorSmall businesses in South Africa are finding it harder to keep the lights on and their doors open. Voluntary liquidations are on the rise, and unless Eskom is able to …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
British Airways agrees codeshare with South Africa’s Airlink
by Editorby EditorBritish Airways has agreed on a new codeshare partnership with South African regional carrier Airlink to improve its connectivity around the region. Airlink, which has bases in Johannesburg, Cape Town …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
S.Africa awaits glimmer of light in Ramaphosa’s annual speech
by Editorby EditorSouth African President Cyril Ramaphosa delivers his annual address to the nation on Thursday, facing mounting pressure over the country’s energy crisis. His speech to the National Assembly will be …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Investors on strike in South Africa
by Editorby EditorInvestors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said. …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Biggest South Africa Cement Firm Mulls Sale of Zimbabwe Unit
by Editorby EditorPPC Ltd., South Africa’s largest cement maker, is considering selling its Zimbabwe business for about $200 million, according to people with knowledge of the matter. The shares surged. A sale …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
The Utility Ruining South Africa Is a Big Winner for Bondholders
by Editorby Editor(Bloomberg) — South Africa’s Eskom Holdings SOC Ltd. is not very good at keeping the lights on, but it’s providing excellent profits for bondholders. Eskom’s dollar bonds due 2028 — …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Ener-G-Africa’s new Cape Town solar panel plant commissioned
by Editorby EditorEner-G-Africa (EGA), a multi-faceted African company tackling the challenges of climate change through research, development and the manufacturing of clean energy products, officially launched its new 15 MW per annum …