South Africa's Liberty Holdings will acquire a 75% stake in a Nigerian long-term insurer for $12m, the company said on Friday, after reporting a 38% decline in earnings.
- Friday, 24 February 2017 10:30
- Thursday, 23 February 2017 14:39
South African lender Barclays Africa asked for forgiveness on Thursday for its role in rigging the local currency, a scandal that has raised questions over the dominance of four big local banks.
- Wednesday, 22 February 2017 13:04
US energy company Chevron is in talks with the Angolan government and state oil firm Sonangol to revise tax terms and any future investment will hinge on those talks, a senior company official was quoted as saying on Wednesday.
- Tuesday, 21 February 2017 09:47
South African Finance Minister Pravin Gordhan said on Monday he sees a "difficult political year" for the ruling African National Congress (ANC) but that he saw "green shoots" of growth in an economy that is barely growing.
- Monday, 20 February 2017 14:43
Shares in South Africa's banking index extended losses on Monday as investors continued to digest the competition watchdog's recommendation that banks should be fined for rigging the rand currency.
- Wednesday, 15 February 2017 17:06
South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday.