Business: Latest News
Dana Sanchez, 5:57 pm
Argentina shares South Africa’s interest in developing small-scale farms, bolstering “no-till” technology and bio safety.
Dana Sanchez, 4:11 pm
FastJet set up a company in South Africa that has the required 75-percent local shareholding to own an airline, and made a deal with President Jacob Zuma’s son Edward and other connected businessmen.
Dana Sanchez, 3:49 pm
Remittance transaction fees of 11.67 percent in Africa deprived some of the world’s poorest people of more than $7 billion in 2012, World Bank says. Some recipients live in rural areas and must travel a day or more to collect their money.
Makula Dunbar, 2:41 pm
Leading digital mobile operator, MTN Nigeria Communications Limited, has replaced 285 expatriates with Nigerian workers in a move to save costs and also encourage local content in the company.
Dana Sanchez, 1:27 pm
Despite foreign investment in Africa’s natural resources, job rates have not increased significantly. For sustained growth on the continent, investment is needed in agribusinesses, experts say.
Makula Dunbar, 1:02 pm
South Korean Foreign Minister Yun Byung-se said Friday that his government hopes to upgrade relations with Gabon as he held talks with his Gabonese counterpart Emmanuel Issoze Ngondet.
Dana Sanchez, 8:15 pm
With the launch this spring of a new service to Washington, D.C., Brussels Airlines will link its Africa network with the U.S. capital.
Dana Sanchez, 7:45 pm
The rand’s swings over more than 20 cents a day this week and its drop of 15 percent against the U.S. dollar since early May are a “major cause for concern.”
Dana Sanchez, 3:35 pm
Sovereign Mines of Africa is using a unique template by bringing the government of Guinea in as a 40-percent equity partner during the gold exploration phase.
Dana Sanchez, 1:36 pm
Lion breeders say canned hunting is legitimate business. Animal rights advocates at Humane Society International say it’s inhumane, unethical and tarnishes South Africa’s image.
- Real Estate