NewsSouthern Africa

Thu,21Jun2018

Southern Africa

Offshore investor interest in South African equities at risk as "Ramaphoria" wanes

President Cyril Ramaphosa, center, and Baleka Mbete, right, arrive at parliament in Cape Town, South Africa, Friday, Feb. 16, 2018. Photo: Nasief Manie/AP/SIPASouth Africa needs tangible economic growth to entice more offshore investors to invest in its bourse after a good start to the year thanks to improved sentiment following the election on a new president, analysts said.

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S.Africa's SPAR Group eyes Sri Lanka expansion amid challenges at home

30052018SouthAfricaSouth African retailer and wholesaler SPAR Group Ltd plans to open two more stores in Sri Lanka, it said on Wednesday, after warning that fuel price hikes and currency weakness could affect its home market.

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BRICS development bank to expand lending to private sector

A boy with his head shaved looks at the skylines in Pudong, China's financial and commercial hub, in Shanghai, China, Tuesday, Aug. 20, 2013. Photo: Eugene Hoshiko/AP/SIPAThe New Development Bank (NDB), set up by the BRICS group of major emerging economies, wants loans to the private sector to eventually take up a 30% share of its project portfolio, a senior executive at the bank said on Tuesday.

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South African sugar maker Tongaat eyes Angola for growth

Matt Rourke/AP/SIPA

Tongaat Hulett aims to expand its business in Angola and other African nations that rely on sugar imports, in line with a strategy to bulk up in the central and southern region of the continent, the company said on Monday.

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Irregular expenditure almost doubles at S.Africa's municipalities - Auditor General

South Africa Finance Minister Nhlanhla Nene, center, arrives at parliament in Cape Town, South Africa, Feb. 25, 2015.Photo: Schalk van Zuydam/AP/SIPAIrregular expenditure by South Africa's municipalities almost doubled in the past financial year, with only a tenth of local governments producing credible financial statements, the auditor general said on Wednesday.

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Interview: Emmerson Mnangagwa, President of Zimbabwe

 
 

Nov. 24, 2017:  Zimbabwe's President Emmerson Mnangagwa and his wife Auxillia, right, leave after the presidential inauguration ceremony in the capital Harare. Photo: AP Photo/Ben CurtisFor the first time, President Emmerson Mnangagwa and his economic team took part in a roundtable interview with The Africa Report, covering elections, international diplomacy,  truth and reconciliation, and the financial agenda

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