Tag: South Africa
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South African rand weakens after cabinet reshuffle; GDP in focus
South Africa's rand weakened early on Tuesday after President Cyril Ramaphosa appointed a new electricity minister to try to solve the country's worst power cuts on...
South African lender FirstRand reports 15% rise in interim profit
FirstRand Ltd (FSRJ.J), one of Africa's biggest banks, posted a 15% rise in interim profit on Thursday, as it benefited from a high interest rate...
Financial crime watchdog adds South Africa, Nigeria to ‘grey list’
International financial crime watchdog the Financial Action Task Force (FATF) on Friday added South Africa to its "grey list" of countries under special scrutiny...
S.Africa’s Steinhoff raises $277 million from selling Pepkor shares
Debt-laden Steinhoff International (SNHJ.J) said on Thursday it had raised 4.9 billion rand ($277 million) by selling 265 million shares, or 7.2%, of discount retail subsidiary...
South Africa calls on MTN, Ghana to resolve US$773 million tax dispute
South Africa's foreign minister Naledi Pandor on Friday called on mobile operator MTN Group (MTNJ.J) and the Ghana Revenue Authority to find a solution to a...
