Tuesday, 24 May 2016 23:02

PPC downgrade warning hits stock

PPC warns of a credit rating downgrade and said it was in the advanced stages of a capital raising exercise for up to R4bn, tanking its shares.

Tuesday, 04 September 2012 11:57

Ghana’s economy: sending mixed signals?

Last year it saw growth skyrocketing, influenced largely by the launch of oil production at its Jubilee oil field in November, sending GDP soaring by nearly 15 percent. But that growth rate is expected to nearly halve to 8.2 percent this year as oil production has averaged 80,000 bpd as opposed to the 250 000bpd that was anticipated for 2013. Either way it’s all growth and the spinoff for the rest of the economy is worth taking notice of

Thursday, 19 April 2012 02:00

Global retailer interest in Africa piqued

Global retailers had been coming in to South Africa to look at what pushed the world's biggest retailer into spending $2.4 billion for control of South Africa's Massmart

Beryl Holdings has announced that the joint venture between its Smart Dynasty, and Liberty Properties has secured a property development deal in the DRC worth R5bn.

Monday, 07 April 2008 02:00

Food chain spreads its wings globally

Shoprite is steadily advancing its presence on the continent, with two supermarkets planned for the Democratic Republic of Congo and an initiative in place to find suitable sites in Nigeria

THE cabinet has decided to appoint a panel of experts to launch a public debate on the rights and wrongs of foreign ownership of land and whether it should be restricted.

Wednesday, 24 March 2004 02:00

DRC to invite $270m infrastructure bids

The Democratic Republic of Congo will invite tenders worth $270-million in April, kicking off a massive donor-funded programme to rebuild its war-shattered infrastructure, officials said on Friday.

Monday, 08 December 2003 02:00

Is SA business missing Angola's boat?

Relations between SA and Angola remain tepid, despite a history of solidarity

Tuesday, 11 November 2003 02:00

Southern Sun to run new Rwandan hotels

The Rwandan government has contracted South Africa's Southern Sun Hotels to manage two new hotels for 15 years

 

Tuesday, 07 August 2001 03:01

Investment in Africa dips

 

A 50% DROP in foreign direct investment in Africa's main recipients SA, Angola and Morocco was the main reason for the 13% drop in foreign direct investment inflows into Africa last year, with the continent now accounting for less than 1% of global flows.

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