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Motor companies are quick to hike new-car prices in response to a weakened rand, but are less eager to pass on savings to consumers when the currency strengthens
MTN's service in Nigeria could be disrupted as a result of rising insecurity in different parts of the country, the local unit of SA's telecoms group said on Tuesday.
The dream of opening an upscale nail bar turned to ashes for two Johannesburg women, Santhuri Poovalingam and Lea Abvajee, who wanted a piece of the Tammy Taylor Nail SA pie.
Frayed nerves ahead of U.S. inflation data later this week cast a shadow over emerging markets on Tuesday, with the rand leading losses ahead of domestic economic growth data.
The MTN Group will bid again for a Ethiopia operating telecom licence in the second round if mobile financial services are included, its CEO said on Friday after losing the first round.
One of the first people to buy into the mutual bank founded by entrepreneur Nthabeleng Likotsi bought R100,000 worth of shares at R10 a pop just hours after the bank's "own your bank share scheme" went live.
Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, it said on Wednesday, nearly 16 years after the SA retailer opened its first outlet in the country.
The rand weakened early on Wednesday, pressured by a first-quarter increase in unemployment and concerns over how long easy financing conditions would last globally.
The rand firmed in early trade on Tuesday ahead of unemployment data, still buoyed by bets that interest rates in the United States will remain low for an extended period.
Maize farmers are expected to harvest 7% more of the staple crop during the 2020/2021 season compared with the previous season, as yields are boosted by favourable weather, a Reuters survey showed.
A consortium led by Kenyan telecoms operator Safaricom aims to start operations in Ethiopia next year, it said on Monday, after winning a licence on Saturday.
Macron also said governments should look at how IMF gold reserves can be used to overcome some countries' reluctance to reallocate their SDRs to African countries.
Vodacom Group Ltd, SA's second biggest telecoms operator, upgraded its medium-term operating growth target to mid-to-high-single digit on Tuesday, after reporting a 3.7% jump in full-year earnings.
Heineken NV confirmed on Tuesday that it was in talks with Distell about a possible acquisition, in what would mark a push into wine and spirits for the world's second-largest brewer.
South African Airways (SAA) aims to resume flights in July or August, but the restart date will depend on how the Covid-19 pandemic progresses and whether the airline can resolve a pilot dispute, its chief executive said.
Hard work and perseverance is what took Elias Pangane from a six-year-old working on his family farm to a 60-year-old farmer supplying vegetables for the Shoprite retail supermarket.
