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South Africa

BRIGHT SPOT

South Africa: Alexander Forbes adds more Rainbow to its mix

An intricately woven set of transactions will result in one of Africa’s richest men owning a sizeable portion of Alexander Forbes through his ... investment holding company.

Final Countdown

Bank Zero says it’s set to launch in South Africa in middle of this year

Bank Zero, which last year postponed plans to enter South Africa’s banking market, is on track to launch in the middle of 2020, executive director ... Lezanne Human told The Africa Report.

Blue Skies

Ethiopia: New airport plans are too ambitious to be run by state bureaucracy

Ethiopia’s plans to build a new airport billed as larger than Heathrow or Charles de Gaulle at Bishoftu south of Addis Ababa mean that the ... country’s process of economic liberalisation will need to change gears.

RICH PICKINGS

Big brands look beyond South Africa to rest of continent

As South Africa contends with reforms to jumpstart its faltering economy, the country’s peers on the continent are reaping the benefits of ... Africa’s growth narrative.

Gearing Down

IHS telecom tower debt levels cloud outlook for MTN asset sales

MTN’s plan to reduce borrowings through asset sales may be hampered by debt at its IHS telecoms tower business. ...

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data shop

Women drive consumer spend. So why don’t we know what they want?

Women make up 50% of Africa’s population and drive 70% of consumer spend. ...

missed connection

Coronavirus: Africa puts China in quarantine

Royal Air Maroc, RwandAir, Kenya Airways ... Six out of eight African airlines with flights to China have suspended flights to and from ... China.

business of beauty

South Africa: Clicks bucks retail trend with good fortune

Clicks’ bet on its home market is paying off: the listed health and beauty retailer has reported a healthy 20-week trading update. ...

Stay of Execution

Aberdeen Asset Management sees Moody’s delaying on South Africa until November

Moody’s is likely to delay downgrading South Africa to junk until November at least, Kevin Daly, an emerging-market debt manager at Aberdeen ... Asset Management in London, told The Africa Report.

outbreak organising

African countries proactive response to coronavirus epidemic

The epidemic of viral pneumonia that began in late December in China, has spread around the world, infecting more than 2,700 people. Africa, ... which has important trade relations with China, is closely monitoring the situation.

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