Business

Business: SA Telecom Giant MTN Exits Middle East set to Concentrate on AfricaBusiness: SA Telecom Giant MTN Exits Middle East set to Concentrate on Africa

Business: SA Telecom Giant MTN Exits Middle East set to Concentrate on Africa

Africa's largest cell operator, and South African telecom giant MTN, announced Thursday it would pull out of the Middle East…

August 7, 2020
Business: Former execs ‘conspired’ to benefit the Gupta brothers – EskomBusiness: Former execs ‘conspired’ to benefit the Gupta brothers – Eskom

Business: Former execs ‘conspired’ to benefit the Gupta brothers – Eskom

Former Eskom executives conspired with the Gupta brothers and their enterprise associates for six years to syphon dollars from the…

August 6, 2020
Business: Hospital group is taking on the uninsured market in SA and NHIBusiness: Hospital group is taking on the uninsured market in SA and NHI

Business: Hospital group is taking on the uninsured market in SA and NHI

It might also be a small rival to the likes of Netcare and Mediclinic but RH Bophelo is making huge…

August 5, 2020
South Africa: Alcohol Ban Cost Economy More Than $892 In TaxesSouth Africa: Alcohol Ban Cost Economy More Than $892 In Taxes

South Africa: Alcohol Ban Cost Economy More Than $892 In Taxes

Brewing and beverage business enterprise Distell said on Monday the alcohol industry had already lost 118,000 jobs. Whilst nearly 800…

August 4, 2020
Business: Pedro’s creates first premium ogogoro in AfricaBusiness: Pedro’s creates first premium ogogoro in Africa

Business: Pedro’s creates first premium ogogoro in Africa

Ogogoro is a West African alcoholic drink extracted locally from palm bushes frequently served to guests or consumed in local…

August 3, 2020
Business: Downsized Hajj Affects Somalia’s Livestock TradeBusiness: Downsized Hajj Affects Somalia’s Livestock Trade

Business: Downsized Hajj Affects Somalia’s Livestock Trade

The Hajj, a time of celebration when Muslims journey to Mecca each year. A pilgrimage that economically benefits Somali cattle…

August 2, 2020
Business: Oil edges higher as fears about sliding demand riseBusiness: Oil edges higher as fears about sliding demand rise

Business: Oil edges higher as fears about sliding demand rise

Oil prices recovered in addition floor on Friday, after touching three-week lows in the previous session, responding to a document…

July 31, 2020
IMF loan payback: It’s a stupid economyIMF loan payback: It’s a stupid economy

IMF loan payback: It’s a stupid economy

The current R70-billion loan by the International Monetary Fund (IMF) to South Africa has been acquired with combined critiques via…

July 30, 2020
Business: Discovery of Mediterranean gas off Egypt could generate 32mn cubic feet per day – El-MollaBusiness: Discovery of Mediterranean gas off Egypt could generate 32mn cubic feet per day – El-Molla

Business: Discovery of Mediterranean gas off Egypt could generate 32mn cubic feet per day – El-Molla

The new gasoline discovery off Egypt’s Mediterranean coast could produce up to 32 million cubic ft per day, its Petroleum…

July 29, 2020
Business: Julius Berger Nigeria Plc Loses N1.9bn in Six MonthsBusiness: Julius Berger Nigeria Plc Loses N1.9bn in Six Months

Business: Julius Berger Nigeria Plc Loses N1.9bn in Six Months

Julius Berger Nigeria Plc has said a loss of N1.931 billion for the six month ended June 30, 2020, compared…

July 28, 2020