MTN, accused of dodgy tactics, slammed for delayed Middle East exit

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…

Exxaro warns about H1 earnings, but flags increased exports of coal

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 Set for 2020 Start

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…

South Africa attempts to recover more than R400 m from SAP on 'unlawful' contracts

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.…

SA Telecom Giant MTN Exits to Concentrate on Africa

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…

Alcohol ban in South Africa

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…

Oil edges higher as fears about sliding demand rise

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 the economy, stupid

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…

Oil prices can fall, not rise

Business: Oil prices may fall, not rise

Oil’s restoration is being hit from both sides.  Benchmark Brent crude expenditures have risen by means of 128% from their April low, closing above $40 a barrel considering that the center of June. But rising…