Business

Wed,18Oct2017

Business

Cost cuts help Wal-Mart's South African arm Massmart

 Walmart sign on June 1, 2017, in Hialeah Gardens, Florida, USA. Photo: Alan Diaz/AP/SIPAMassmart Holdings Ltd, the South African arm of Wal-Mart, reported a small rise in half-year earnings on Thursday, helped by cost cuts as cash-strapped shoppers spent warily.

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Ghana, Equatorial Guinea presidents to sign LNG deal

Ghana President Nana Akufo-Addo speaks during his inauguration ceremony in Accra, Ghana, Jan. 7, 2017. Photo: AP/SIPAGhana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said.

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South Africa's Guptas to sell media stakes in bid to "clear name"

Atul Gupta is seen outside magistrates courts in Johannesburg, South Africa, Sept 2010. Photo: AP/SIPAThe main company owned by South Africa's Gupta brothers, business friends of President Jacob Zuma, said on Monday it would sell its media assets - investments caught up in an influence-peddling scandal.

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South Africa's competition watchdog probes high data costs

A woman uses a mobile phone to take a photo of a bust of the former ANC president, the late Oliver Tambo,  Johannesburg, SA. Photo: Themba Hadebe/AP/SIPASouth Africa's competition watchdog has launched an investigation into the high cost of internet data, the regulator said on Friday, after a groundswell of complaints from consumers and civil society.

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Angola will have a new president for the first time in four decades

Angolan President Jose Eduardo Dos Santos, left, shakes hands with Chinese President Xi Jinping  in Beijing, June 9, 2015. Photo: Wang Zhao/AP/SIPAAngola goes to the polls on August 23 and the ruling People's Movement for the Liberation of Angola (MPLA) is fielding a different candidate for the first time in 38 years.

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New BRICS bank plans $1.5 bln lending for South African projects

 Construction workers on the site of the Rapid Bus Transport System, Johannesburg, June 3, 2009. Photo: DENIS FARRELL/AP/SIPAA New Development Bank (NDB) set up by the "BRICS" group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months.

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Moody's says South Africa's political tensions constraining growth

An ANC supporter holds a placard during a protest, Johannesburg, South Africa, Sept. 5, 2016.Photo: Themba Hadebe/AP/SIPAPolitical tensions in the ruling African National Congress (ANC) will weigh on South Africa's growth, ratings agency Moody's said on Wednesday, a week after President Jacob Zuma survived a no-confidence vote in parliament.

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