×

Business Africa

  • JOHANNESBURG, Oct 1- Offshore accounts bought more than 3 billion rand worth of local debt but sold 221 million rand in shares last week, data from the Johannesburg Stock Exchange. Below are tables outlining purchases, sales and net purchases for the week, for the same period in 2011, for the year-to-date and the year-to-date in 2011..

  • JOHANNESBURG, Oct 1- South African stocks ended sharply higher on the first day of the fourth quarter on Monday, rising nearly 2 percent as mining companies made a strong recovery from oversold levels following a spate of wildcat strikes.

  • Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.

  • JOHANNESBURG, Oct 1- South African platinum producer Anglo American Platinum said on Monday it would fire all strikers who did not attend disciplinary hearings the following day after only 20 percent of staff showed up for work at its Rustenburg mines.

  • *La Presse reports SNC made "dubious payments" to win Montreal contract.

  • Under legislation that goes into effect on Nov. 1, Internet sites carrying content banned in Russia will be placed on a register, after which Internet providers will have one day to block access. Google Inc, the owner of YouTube, said it was ready to block access of the film to users in Russia once it received the court's decision, the RIA agency reported.

  • This is the face of new, high-end hotels in Africa. International hotel developers are planning nearly 40,000 new rooms across Africa in the coming years. Travel and tourism in Africa generates about $164 billion a year, 9 percent of the continent's total GDP, said David Scowsill, president and chief executive of World Travel& Tourism Council.

  • LONDON, Oct 1- Some of the world's biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique's huge gas fields, an executive from the country's national oil company said on Monday. "We are starting to see Shell in Mozambique, yes, not only Shell, all companies, even Exxon Mobil, Chevron.

  • MILAN, Oct 1- Italian energy group Edison said on Monday it had won a dispute with Eni to review the price of its long-term gas contract from Libya, its second gas arbitration victory in less than a month. In September Edison, which is owned by France's EDF, won in arbitration a 450 million euro discount on its liquefied natural gas supplies from Qatar's Rasgas.

  • *Platinum firm; unrest in South Africa continues By Amanda Cooper. Spot gold was up 0.9 percent on the day at $1,785.80 an ounce at 1445 GMT, having fallen earlier by as much as 0.4 percent to a low of $1,762.94, before a flurry of fund-related buying saw nearly 4.0 million ounces change hands on the futures market in a matter of moments, traders said.

  • NAIROBI, Oct 1- Kenya wants licensed oil and gas explorers to speed up their work to meet the terms of their contracts, and may invoke its right to cash in their guarantees if they fail to do so, a senior Ministry of Energy official said.

  • He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.

  • By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.

  • LAGOS, Nigeria-- The traffic begins long before dawn in Nigeria's largest city. The poor crowd onto benches welded inside dented, clattering buses. In Lagos, which is predicted to overtake Cairo as Africa's most populous city in 2015, the traffic jams that Nigerians call "go-slows" can strike at any moment.

  • MOMBASA, Kenya, Oct 1- Kenya's main port of Mombasa, East Africa's chief trade gateway, expects more business after an offensive that has driven rebels out of Somalia's Kismayu port and is therefore likely to reduce offshore piracy further, the Kenyan transport minister said.

  • KAMPALA, Oct 1- Uganda plans to start offering mineral prospecting and production licences on competitive bidding rather than on first-come-first-serve basis following a surge of investor interest, a senior official said on Monday.

  • JOHANNESBURG, Oct 1- Atlatsa Resources said on Monday workers have gone on an illegal strike at its Bokoni platinum mine in South Africa, the latest in a wave of wildcat walk-outs hitting the country's mining sector.

  • The bank named Tom Willett as head of mergers and acquisitions, Europe. He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa.

  • MARIKANA, South Africa, Oct 1- A retired judge toured the spot where police killed 34 striking platinum miners in August as he opened a judicial inquiry on Monday into South Africa's bloodiest security incident since the end of apartheid.

  • The Supreme Court term that begins Monday holds the prospect for major rulings about affirmative action, gay marriage and voting rights. University of Texas, to be argued Oct. 10, the court will weigh Texas' limited use of race to help fill out its incoming classes.