South Africa’s largest food company Tiger Brands Ltd is recalling its Purity Essentials baby powder products as a precautionary measure after traces of asbestos were detected in test samples, it said …
South Africa
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South Africa halts exports of Valencia oranges to the European Union
South Africa, the world’s second largest exporter of citrus fruit after Spain will voluntarily stop the exports of Valencia oranges, from areas in South Africa affected by a fungal disease …
- AfricaAFRICA NEWSAviationBusinessNewsSouth AfricaSouthern AfricaTransportation & Logisitics
SA low-cost airline Mango a step closer to sale as preferred bidder delivers proof of funding
South Africa’s low-cost airline Mango is one step closer to being sold as its preferred bidder delivered proof of funding, according to business rescue practitioner Sipho Sono. In his latest …
- AfricaAFRICA NEWSBuildingEconomyNewsSouth AfricaSouthern Africa
South Africa’s GDP shrinks as load shedding continues to hurt the economy
After a surprise growth in the first quarter of the year, South Africa’s gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022, Statistics South Africa reported …
- AfricaAFRICA NEWSBusinessEnergyNigeriaOil & GasSouth AfricaSouthern Africa
South Africa joins the list of LNG producers as Renergen begins production
South Africa has joined the list of countries producing Liquefied natural gas ( LNG) as Renergen has started up its production facility at the Virginia gas project. The company announced …
- AfricaAFRICA NEWSBusinessMobile Telecommunications Network (MTN)NewsNigeriaSouth AfricaSouthern AfricaTelecommunicationsWestern Africa
MTN repays billions in foreign debt due 2024
MTN Group has settled US$300-million (R5.2-billion) in Eurobonds that were due in 2024 early, helping deleverage its balance sheet. The early repayment brings MTN’s dollar-denominated debt down to 35% of total …
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BMW previews all-new i7 in South Africa
BMW South Africa previewed its latest luxury class vehicles, including the all-new electric i7 xDrive60, on Wednesday, 31 August 2022. While the i7 xDrive60 boasts impressive performance stats for a …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessSouth AfricaSouthern Africa
Barclays exits Africa after selling off stake in Absa Bank
Barclays, a British multinational universal bank has sold its entire remaining 7.4% holding in South African lender Absa, completing its exit from the continent after more than 90 years. Barclays announced …
Grindrod Shipping could soon join the growing list of South African companies leaving the JSE, should an acquisition bid by Guernsey-based shipping company Taylor Maritime Investments (TMI) succeed. This week, …
Microsoft and Google are advertising a combined 17 jobs in South Africa, including travelling data center technician and cloud solution architect positions. Together the software giants employ nearly 380,000 people …