The chief executive of Shoprite will retire in December, the company said on Monday, ending his nearly four decades at the helm of the supermarket group he transformed from a eight-store start-up into an $8bn behemoth.
- Monday, 31 October 2016 11:27
- Thursday, 27 October 2016 10:45
Foreign direct investment in Mauritius grew 69% year-on-year in the first half of 2016, to 7.96bn rupees ($222m), driven by real estate, financial services and manufacturing, the board of investment said on Thursday.
- Wednesday, 26 October 2016 14:58
South Africa's treasury on Wednesday slashed this year's growth forecast and predicted a wider budget deficit for the 2016/17 fiscal year, warning that it would have to cut spending to avoid credit rating downgrades.
- Wednesday, 26 October 2016 12:00
- Patrick Smith
Former ruling-party baron Joice Mujuru is now the leader of Zimbabwe People First, a new opposition party that is seeking to work with others to get key concessions before elections in 2018.
- Tuesday, 25 October 2016 11:07
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a refinery, three industry sources told Reuters on Tuesday.
- Friday, 21 October 2016 14:55
- Crystal Orderson in Cape Town
South Africa has said it will withdraw from the International Criminal Court (ICC) because its obligations to the body are "incompatible" with its domestic laws.