Africa's biggest pension fund, Public Investment Corporation, has sought approval from South Africa's central bank to raise its stake in Barclays Africa, two sources with direct knowledge of the matter said.
- Monday, 07 November 2016 14:00
- Wednesday, 02 November 2016 16:40
- Aislinn Laing in Pretoria
South Africa’s capital Pretoria witnessed a day of rage against beleaguered President Jacob Zuma as opposition parties, civil society groups, religious leaders, prominent businesspeople and students united to call for him to step down.
- Monday, 31 October 2016 15:33
South Africa's state prosecutor dropped fraud charges on Monday against Finance Minister Pravin Gordhan, executing a U-turn in a case that has rattled financial markets and drawn accusations of political meddling.
- Monday, 31 October 2016 11:27
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.
- 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.