The rand was little changed early on Wednesday, ahead of an interest rate decision by the Federal Reserve. At 0732 GMT, the rand traded at R18.78 against the dollar. The …
Category:
Southern Africa
-
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa’s SAPRA Takes Action Against Adulterated Diesel Scandal
by Editorby EditorIn a bid to address the pressing issue of ‘watered-down’ diesel in South Africa, the South African Petroleum Retailers Association (SAPRA) has expressed its support for comprehensive measures to investigate …
-
Access BankAfricaAFRICA NEWSSouthern Africa
Access Holdings expands into Angola, takes over Finibanco S.A. Bank
by Editorby EditorAccess Holdings has completed its bid to gain a foothold in Africa’s second-biggest oil producer, Angola, about two and a half months after announcing it had scaled regulatory hurdles to acquire …
-
AfricaAFRICA NEWSNAMIBIASouthern Africa
World and development banks assist Namibia with procurement reforms
by Editorby EditorThe ministry of Finance and Public Enterprises says experts from the World Bank and the African Development Bank are assisting Namibia in establishing reforms to its procurement system, using the …
-
AfricaAFRICA NEWSSouth AfricaSouthern AfricaZIMBABWE
Zim lithium miners to feel the heat as China ends EV subsidy
by Editorby EditorMINES and Mining Development permanent secretary Pfungwa Kunaka says China’s decision to lift electric vehicles (EVs) subsidies will lead to a sharp fall in lithium demand across producing countries, including …
-
AfricaAFRICA NEWSMALAWISouthern Africa
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
by Editorby EditorOver the past year, Hitesh Anadkat, a prominent Malawian banker and successful businessman, has amassed a multimillion-dollar fortune from his shares in FMB Capital Group. His stake in the Mauritius-based …
-
AFRICA NEWSSouth AfricaSouthern Africa
Gold mine revamp led by South African tycoon Neal Froneman puts 2,970 jobs at risk
by Editorby EditorSibanye-Stillwater, the South African multinational precious metal mining company under the leadership of leading businessman Neal Froneman, has announced a significant restructuring plan for one of its gold mines, potentially affecting …
-
AfricaAFRICA NEWSMALAWISouthern Africa
IMF says Malawi economy stabilizing under Chakwera
by Editorby EditorThe International Monetary Fund (IMF) has claimed that President Lazarus Chakwera’s government is making efforts in stabilizing the country’s economy. The IMF delegation led by first deputy manager Gita Gopinath …
-
AfricaAFRICA NEWSSouthern Africa
Zambia now good for investment, Kanyama tells ‘diasporans’
by Editorby EditorZAMBIA’S Ambassador to the United States of America (USA), Chibamba Kanyama, has called on Zambians living in the diaspora to leverage the stable macro-economic environment prevailing in the country and …
-
The Zimbabwean dollar has depreciated once more against all major currencies for the third week, falling to ZWL$4712.16: US$1 from ZWL$4604.62: US$1 three weeks ago. On both the official and …