The United Arab Emirates (UAE) has always been considered an important player in the international business environment. But beyond the economic powerhouse, the UAE is increasingly becoming a role model in tolerance and a reliable…
Business: The share price of Hulett jumps 13…
Tongaat Hulett’s share fee leapt more than 13percent on the JSE on Friday morning after the agriculture and agri-processing commercial enterprise narrowed its losses by using 79percent for the 12 months to cease March, benefiting…
Business: Absa gains as earnings take a huge…
Absa opened weaker on the JSE on Thursday after the bank flagged that its profits would probably take a massive hit in the six months to quit June. Absa said its revenue have been expected…
COVID-19: The impact on Nigeria’s airlines
Travelling between two factors in Nigeria can be time-consuming, so many human beings opt for air travel. It takes an hour to fly between Lagos, the industrial district, to Abuja, the federal capital, whilst the equal trip would take…
Business: Power cuts to dampen industry, consumer trust…
South Africa woke up to information of greater load shedding yesterday, with analysts warning a resurgence of power supply interruptions ought to derail South Africa’s monetary recuperation and stifle investments post Covid-19. Eskom started imposing…
Business: MTN, accused of dodgy tactics, slammed for…
Africa’s largest telecommunications network, MTN, is going through fresh allegations from US regulation association Sparacino PLLC following its choice to exit its Middle East portfolio in the next three to 5 years. Sparacino, which has…
Business: Exxaro warns of hit to H1 earnings,…
Exxaro Resources Ltd said on Tuesday first-half internet income was once likely to fall through as tons as 34% due to one-off gadgets although it expected greater coal exports and a favourable change price to…
Dangote’s $2 Billion Fertilizer Plant Scheduled for 2020…
Dangote Group’s fertilizer plant, now below development in Nigeria’s largest metropolis of Lagos, will be ready to begin manufacturing late this year, according to Saipem SpA, the builders. Owned by Aliko Dangote, Africa’s richest man, the facility…
Business: Entrepreneurship can come out of necessity or…
Entrepreneurship is gaining more traction across the African continent as greater and greater adolescence are searching to start their own business. Kolawole Olajide is the co-founder of BridgeLabs, his 1/3 entrepreneurial task that used to…
Business: NUMSA promises to battle critical petroleum service
The National Union of Metalworkers of South Africa vowed to battle an utility with the aid of employers in the petroleum enterprise to have employees declared as essential services, announcing it would inhibit their capability…
Business: South Africa attempts to recover more than…
South African investigators are seeking to recover more than R400 million from German software program firm SAP for two government contracts they allege have been entered into unlawfully, court docket documents considered through Reuters show.…
Business: SA Telecom Giant MTN Exits Middle East…
Africa's largest cell operator, and South African telecom giant MTN, announced Thursday it would pull out of the Middle East the medium term to concentrate on its pan-African approach resolving to simplify its portfolio and…
Business: Former execs ‘conspired’ to benefit the Gupta…
Former Eskom executives conspired with the Gupta brothers and their enterprise associates for six years to syphon dollars from the energy utility, a summons revealed. The 73-page summons, filed with the aid of Eskom with…
Business: Hospital group is taking on the uninsured…
It might also be a small rival to the likes of Netcare and Mediclinic but RH Bophelo is making huge strikes in a tough industry as it works to supply low-cost health care and primes…
South Africa: Alcohol Ban Cost Economy More Than…
Brewing and beverage business enterprise Distell said on Monday the alcohol industry had already lost 118,000 jobs. Whilst nearly 800 small and medium sized liquor manufacturers confronted financial ruin as a end result of the…
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 bars, and at social occasions in Nigeria. The nearby gin additionally has ordinary attraction and is…
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 breeders and traders whose millions of livestock are imported by Saudi Arabia to nourish the…
Business: Oil edges higher as fears about sliding…
Oil prices recovered in addition floor on Friday, after touching three-week lows in the previous session, responding to a document decline in US growth as the coronavirus ravaged the world’s largest economic system and oil…
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 more than a few segments of the country. National Treasury Director-General Dondo Mogajane has welcomed…
