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South Africa

STEELY RESOLVE

ArcelorMittal South Africa snubs Patel’s expressions of interest for Saldanha

ArcelorMittal South Africa has rebuffed trade, industry and competition minister Ebrahim Patel’s bid for the company to sell its Saldanha steel ... plant. At least for now.

Spoilt for choice

South Africa’s Postbank may struggle to crack retail market

Postbank’s plans to become a full-service bank focusing on lower-income parts of South Africa’s population may be hampered by perceptions ... that it is a state-owned bank, as well as by increasing competition in the sector.

breaking away

South Africa: Absa Bank seeks new direction after Barclays exit

After the withdrawal of Barclays, South Africa’s Absa Bank is struggling to draw up a business plan in a strained economic and competitive ... environment.

Brewery Brawl

Why South Africa’s competition authorities rejected Distell’s AB InBev complaint

Distell is big enough to go toe to toe with AB InBev. But the brewer tried to use merger conditions designed to protect small producers to get ... ahead of its competitor.

tongue control

Africa faces a balancing act on social media regulation

Protests have greeted the Nigerian Senate's introduction of an extensive fake-news bill. ...

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False Dawn

The albatross around South Africa’s neck: why SOEs aren’t working

Poorly managed state-owned entities (SOEs) are depleting South Africa’s budget. The government continues to offer them an expensive lifeline ... in the form of multi-billion rand bailouts.

Second Bite

MTN must adapt mobile-money model to crack South African market

MTN will have to offer South Africa’s urban population a greater sophistication of financial services if its mobile-money offering is to succeed ... in the country at the second time of asking.

DRIVING A BARGAIN

South Africa: CFAO buys Steinhoff’s automotive business

French firm, CFAO has purchased a 74.9% stake in Steinhoff’s automotive division, Unitrans. Steinhoff launched the subsidiary to "simplify" ... its portfolio after becoming embroiled in a major financial scandal two years ago.

jobs angst

South Africa: Storm clouds gather around ArcelorMittal SA

ArcelorMittal SA shutting down steel plants from coast to coast is strengthening the case for opponents of the privatisation of state-owned entities ... (SOEs).

Cash still king

South Africans show their scepticism over benefits of financial services

South Africans are significantly less confident that financial services can help make the country more prosperous compared with Kenyans and Nigerians, ... according to the Financial Prosperity Barometer published on November 25 by online payment service provider PayU.

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