Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
A job opportunity for any African graduate does not only include earning, but also making sure that you can earn well from your first employer and ensure a good career ahead. Highest Graduate Starting Salaries in Africa, Not surprisingly, there are certain African countries where graduates are offered higher salaries because of their thriving private […]
Many times, when an African musician is successful on the charts, this success does not end there. African musicians business ventures, In the past decade, there has been an increase in African musicians who have used their popularity in their music to develop powerful businesses in different areas such as technology, media, real estate, gambling, […]
Digital currency Bitcoin has rallied above $30,000 for the very first time ever, the Bitcoin has been on a periodic rise since the later part of 2020. This has been a wonderful development for traders in the financial market. Bitcoin progressed in excess of 300 percent in 2020, and with the most recent leg higher […]
The countries in the continent of Africa has started trading under a recent free trade area on Friday, this is coming after many months of delay due to the lockdown imposed by the government authorities in various countries as a result of the spread in Covid-19. However, specialists see the New Year’s Day dispatch as […]
Top mining company, AngloGold Ashanti has declared on Thursday that their partner IMG has finally completed the takeover of SEMOS, this is going to be a new development in the mining world. Prior to fulfillment of the arrangement, AngloGold Ashanti and IMG each got a money profit of US$8.2 million from SEMOS, while the public […]
The rate of the South African Rand has fallen due to the impact of the coronavirus in the world particularly in South Africa. Over one million people has tested positive for the novel coronavirus which has affected the exchange rate of the Rand. At 0636 GMT, the rand was exchanging 0.55 percent more fragile against […]
Popular Nigerian Bank, Access Bank wants to double the client numbers, the bank also plans to do this within three years due to the growing population of Africa. The Lagos-based moneylender is making a holding organization structure that will empower it to enhance into other monetary administrations independently from the financial business. Access Bank, which […]
South African company, Grand Parade Investments (GPI) has annouced the date for share purchase agreement (SPA). This is for the proposed sale of Burger King Plant which has reportedly hit a setback. In any case, the incentive for the offer of the organizations was updated down in September to R570m for BKSA and R23m for […]
The Economic of countries particularly African countries has suffered massively from the impact of the coronavirus pandemic, Finances of major businesses has been crippled, yet the Nigerian fintechs scene is prospering and successful despite the impact of the virus. The quantity of web clients in the nation is flooding, hitting 140 million individuals in June. […]
National Energy Regulator of South Africa has specifically asked chairman, Jacob Modise to resign from his position effective immediately. In an explanation, Nersa said that it had considered the judgment in the issue among Modise and his speculation firm Batsomi Power, against Tladi Holdings, to find out the expected effect of the judgment on Nersa’s […]
Favorable luck has shined on mining companies in South Africa, This can be attributed to the recent rise in gold price in the country earlier this year. Platinum companies has also benefitted from this development. Notwithstanding, regardless of the solid value traveling northwards, bargain movement fell 33 percent in the initial four months of the […]
As the world struggles to recover from the impact of the coronavirus, the restaurant and retail sector in the country has particularly felt the impact of the coronavirus due to the lockdown imposed by government authorities in South Africa. Recorded café gatherings, Spur Corporation and Famous Brands, detailed a huge decrease in deals because of […]
The South African government has shown supports behind South Africa Airways plan to lockout pilots, this is coming due to the crisis on a proposed term used to employ people. SAA pilots, the most generously compensated staff at the carrier, need the Regulating Agreement (RA) that was endorsed in 1988 to stay unblemished at the […]
The South African economy is slowly recovering from the impact of he Covid-19 pandemic, the recovery has been slow due to the recent second wave of the coronavirus. The government of the country is looking forward to reducing the spread of the virus. President Cyril Ramaphosa declared that the public authority had received a separated […]
The automobile sector is undergoing a huge change in the country this is due to the recent change in business policy as annouced by government authorities in South Africa. The car business contributes 6.4 percent to South Africa’s GDP (4 percent producing and 2.4 percent retail) and records for 30.1 percent of South Africa’s assembling […]
Eastern Platinum (Eastplats) are seeking to generate another profit that can follow various development ventures, Eastplats wants to find alternative capitals that aid development in Platinum. Investors who completely practice their privileges under the essential membership advantage will likewise be qualified for buy in for extra normal offers, on a genius rata premise,” the gathering […]
The impact of the coronavirus has been felt by many sectors in the world particularly the financial sector, the banking sector in South Africa seems to be doing fineas they’ve posted a strong liquidity irrespective of the coronavirus. The bank said while the more extensive effect of Covid-19 on the worldwide economy, disturbances to exchange […]
The premature loss has been narrowed down by South African company, Tongaat Hulett in an effort to cut cost due to the impact of the coronavirus. This initiative would ensure cash flow. Money produced from activities during the period flooded to R1.3 billion ($86.54 million) from a surge of 615 million rand in the year-back […]
A top Global management consultancy, McKinsey are set to refund funds that was earned through dealings linked to state. The money is set to be in the region of over 600 million Rand. McKinsey said it would reimburse the total of the expenses acquired on tasks for Transnet and public transporter SA Airways (SAA) as […]
Impala Platinum has purchased a whopping R1.62bn in bonds, Impala Platinum are one of the world’s leading Platinum company. this solely for value creation for it customers. The proactive administration of the asset report is viewed as key to repositioning the organization as a beneficial and maintainable business with the capacity to convey important returns […]