Business

Wed,21Feb2018

Business

Steinhoff reports former CEO to South African police

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone Tuesday, April 4, 2017. Photo: Denis farrell/AP/SIPASteinhoff has reported its former chief executive Markus Jooste to South Africa's elite Hawks police unit over suspected corruption, its acting chairwoman told a parliamentary committee hearing on Wednesday.

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As debts mount, Uganda divided over new, Chinese-built $580m expressway

 Indian nationals arrive from South Sudan's capital Juba to Entebbe International Airport, Kampala, Uganda, July 14, 2016. Photo: Stephen Wandera/AP/SIPATraffic will soar above the muddy swamp between Uganda's capital and its international airport when a new Chinese-built highway opens in a few months time, but the road itself is mired in controversy.

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'It's absolutely business as usual': Mike Brown, chief executive officer of Nedbank

Nedbank CEO Mike Brown - © Martin Rhodes
 
The announcement of a “managed separation” of Old Mutual’s global and emerging-market assets finally brings some clarity for Nedbank, which has lived with uncertainty over the intentions of Old Mutual South Africa for several years.

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Kenya's frontier finance for DRC

John Bompengo for TARKenya's financial giants are boosting their presence in the Democratic Republic of Congo with the hope of raking in profits when the economy booms

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'South Africa's banks are feeling the pinch': Credit downgrades, state capture and sluggish growth

Cas Coovadia - All rights reserved
The head of the banking lobbying group discusses credit downgrades, finance's role in economic transformation and threats to the independence of the central bank

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Morocco's currency move step in right direction - IMF

Tourists look at a wool dying shop in the souk of Marrakech, in this March 10, 2003 file photo. Photo: ABDELJALIL BOUNHAR/AP/SIPAMorocco's new more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official said on Monday.

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South Africa's Eskom cannot commit to nuclear expansion: acting CFO

In this photo of Feb. 8, 2012, South Africa's Koeberg nuclear power station is seen on the outskirts of Cape Town, South Africa. Photo: Schalk van Zuydam/AP/SIPASouth Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results.

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