South African lender FirstRand said on Monday suspicions of money-laundering lay behind its decision to cut ties with a business family linked to allegations of influence-peddling in President Jacob Zuma's government.
- Tuesday, 06 December 2016 06:00
- Monday, 05 December 2016 18:11
Debt-ridden Mozambique has no chance of meeting its year-end deadline for a restructuring deal, according to investors who are preparing to dig in their heels until the country comes clear on what it owes and to whom.
- Friday, 02 December 2016 06:48
South African Finance Minister Pravin Gordhan has ordered an investigation into the tax collection authority, officials told parliament on Thursday, underlining rising tensions between the Treasury and the revenue agency.
- Thursday, 01 December 2016 15:12
Mozambique's National Petroleum (INP) expects to sign new oil and gas prospecting contracts by early next year with the companies awarded rights to test for hydrocarbons across the country, an official said today.
- Monday, 28 November 2016 13:00
South Africa's key mining industry is at risk of collapse due to political unrest and labour instability which have negatively impacted investment into the country, the chief executive of the nation's biggest gold company said today.
- Thursday, 24 November 2016 14:47
South Africa says it has done enough to show credit rating agencies it can boost economic growth, but an ongoing power struggle within the ruling African National Congress could push it into junk status next week.