Business

Mon,24Sep2018

Business

Britain's competition watchdog to examine Sibanye-Lonmin deal

South-Africa-Squalid-Mine-Housing-APBritain's Competition and Markets Authority (CMA) said on Tuesday it would examine whether a takeover of miner Lonmin by South Africa's Sibanye-Stillwater would reduce competition.

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Zimbabwe bans banks from processing payments for cryptocurrencies

14052018ZimbabweZimbabwe's central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges.

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South African Airways to get $400 million capital injection after plea for cash: CEO

People queue at the SAA ticket counter desk at OR Tambo International airport in Johannesburg, South Africa, April 26, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa has promised another 5 billion rand ($400 million) capital injection to help its struggling state airline meet urgent financial obligations, the CEO of South African Airways (SAA) said on Thursday.

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Egypt signs MOU with China's GCL for $2 bln solar panel factory

10052018EgyptChina's GCL Group has signed a memorandum of understanding (MOU) with Egypt's ministry of military production to build a solar panel facility at a cost of up to $2 billion, state-run newspaper Al-Ahram reported on Thursday.

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Nigeria's parliament aims to pass major oil reforms by July

Nigeria President Muhammadu Buhari, waves after a meeting in Abuja, Nigeria, Monday, Jan. 9, 2017.Photo: Azeez Akunleyan/AP/SIPANigeria's parliament aims to pass a long-delayed bill to overhaul the oil sector by the end of July, Senate President Bukola Saraki told Reuters.

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South Africa will struggle to close revenue gap - Treasury official

April 17, 2017, South Africa's President Cyril Ramaphosa during his meeting with Britain's Prime Minister Theresa May at 10 Downing Street in central London. Photo: Daniel Leal-Olivas/AP/SIPASouth Africa will struggle to raise the tax revenues needed to reduce a budget deficit and support fragile economic growth due to ongoing problems in tax administration, the National Treasury's Director General Dondo Mogajane said on Wednesday.

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Ghana's Cocobod seeking $1.5 bln from China's Eximbank

May 31, 2011: farmer Issiaka Ouedraogo, seen through the leaves of cocoa trees, lays cocoa beans out to dry on reed mats, on a cocoa farm outside the village of Fangolo, near Duekoue Ivory Coast. Photo: Rebecca Blackwell/AP/SIPAGhana's Cocobod is seeking up to $1.5 billion from China's Eximbank to improve farms and install irrigation systems and other projects, the regulator's chief executive Joseph Aidoo said on Wednesday.

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