South African President Jacob Zuma's efforts to avoid trial on corruption charges have once again failed after a court dismissed an appeal to have the charges withdrawn.
- Friday, 24 June 2016 13:41
- Mark Anderson, Charlie Hamilton and Nicholas Norbrook
African currencies, markets and political unions are readying themselves for turmoil after Britain's vote to leave the European Union (EU) sent shockwaves through global financial markets and cast doubts on one of the most ambitious political projects in modern history.
- Friday, 24 June 2016 13:00
- TJ Strydom
South African furniture retailer Steinhoff International said on Friday Britain's Poundland's board had rejected a proposal about a possible cash offer.
- Friday, 24 June 2016 10:24
Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.
- Friday, 24 June 2016 00:24
- Nqobile Dludla
South Africa's Food and Allied Workers Union (Fawu) said on Thursday it will strike and may take legal action if no agreement is reached with brewer Anheuser-Busch InBev on SABMiller's plan to give blacks a larger role in the business.
- Thursday, 23 June 2016 15:42
- Mark Anderson
As British voters go to the polls in a historic referendum on the United Kingdom's membership in the European Union, many in Africa will be watching the results closely. A vote to leave the EU, dubbed 'Brexit', could trigger a recession that would hit African economies, many of which are already suffering from the commodity price slowdown.