Business South Africa

  • Chinese President Xi Jinping (R) shakes hands with South African President Jacob Zuma (L) at The Great Hall Of The People on September 4, 2015 in Beijing, China.

    The ANC's look to China for answers is not that surprising, considering South Africa's current economic and political climate.

  • **JOHANNESBURG- South African Finance Minister Pravin Gordhan take part in a debate on the economy- 1700 GMT. **PRETORIA- South African Reserve Bank Conference on Collaboration for Building Cyber Resilience. Bank of England's Executive Director for Resolution Andrew Gracie to speak- 0615 GMT.

  • NEW YORK, Aug 22- Ending a decade on the run, the former chief executive officer of Comverse Technology Inc who fled to Africa to avoid a fraud prosecution over a stock options scandal is returning to the United States to plead guilty. Jacob "Kobi" Alexander, 64, will admit to one count of backdating stock options in the federal court in Brooklyn on Wednesday, his...

  • NEW YORK, Aug 22- Ending a decade on the run, the former chief executive officer of Comverse Technology Inc who fled to Africa to avoid prosecution in a stock options scandal is returning to the United States to plead guilty in a fraud case. Jacob "Kobi" Alexander, 64, will enter a guilty plea in federal court in Brooklyn on Wednesday to one count of backdating stock...

  • Kanye West performs during Kanye West Yeezy Season 3 on February 11, 2016 in New York City.

    Kanye West fans can buy a taste of "The Life of Pablo" this weekend following the rapper-turned-fashion mogul's announcement of 21 pop-up stores.

  • Industry group Grain SA says the tariff should have been adjusted in late May to 1,591 rand a tonne, from 1,224 rand, a 30 percent hike. When the adjustment is calculated, it typically also takes a few weeks for it to be signed off and implemented, but Grain SA said the government was taking too long and took the case to the High Court in Pretoria. "The Court instructed...

  • Others will be in Toronto, London, Berlin, Amsterdam, Singapore, Sydney, Melbourne and Cape Town. West is expanding the pop-up store concept following similar events in New York, Los Angeles and Paris earlier this year. West says the New York event generated $2 million in sales of items including thrift store jackets customized by West for $400.

  • Striking miners demonstrate in Marikana in the South African platinum belt.

    Lonmin miners still live in the "truly appalling" conditions that were a major cause of the fatal strikes four years ago, Amnesty International says.

  • SHANGHAI, China, Aug 12- As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.

  • SHANGHAI, China, Aug 12- As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.

  • *To shut production sites in Denver, Cape Town. FRANKFURT/ DUESSELDORF, Aug 11- SMA Solar, Germany's top solar power equipment maker, will shut down production sites in Denver and Cape Town, citing pricing pressure from Chinese rivals that seek to dump their products outside their collapsing home market. "The acceleration of price pressure in the solar industry has...

  • THURSDAY, AUGUST 11 MANILA- Philippines central bank holds monetary policy meeting- 0800 GMT. SEOUL- Bank of Korea holds its monetary policy meeting and will give its decision on interest rates- 0100 GMT. BELGRADE- National Bank of Serbia interest rate decision- 1000 GMT.

  • JOHANNESBURG, Aug 10- South Africa's state-run power utility Eskom said on Wednesday it had suspended two senior managers as part of an investigation into the leaking of documents in a court case involving Koeberg, Africa's only nuclear power plant. The utility said the leaked information could affect a court case between Eskom and Westinghouse Electric...

  • SEOUL- South Korean Finance minister Yoo Il-ho speaks at a forum on easing regulations for corporations- 0500 GMT. NAIROBI- Central Bank of Kenya Governor Patrick Njoroge holds a joint news conference with CEOs of commercial banks- 0700 GMT. SEOUL- Bank of Korea holds its monetary policy meeting and will give its decision on interest rates- 0100 GMT.

  • South Africa's ruling party faces new challenges

    The African National Congress suffered its worst electoral results since the end of apartheid.

  • South African President Jacob Zuma

    South Africa's ruling ANC suffered its worst electoral results since the end of apartheid, sparking fears it will avoid making painful reforms.

  • Steinhoff to buy Sleepy's owner Mattress Firm for $2.4B

    The deal would create the biggest mattress retail distribution company in the world.

  • JOHANNESBURG, Aug 8- Workers at three South African power stations downed tools on Monday, with more set to follow, after wage talks at state-run utility Eskom stalled. Eskom provides almost all the power in Africa's most industrialised economy, which is on the verge of recession and already grappling with a strike in the fuel sector that has caused some...

  • LONDON, Aug 5- Emerging market stocks jumped on Friday, on track for a fourth week of gains, and currencies traded broadly stronger with South African assets firming after local elections saw the ruling ANC party lose significant support. Russia's rouble gained 0.6 percent against the dollar, shrugging off weaker oil prices, while South Africa's rand...

  • Elon Musk

    Musk must live in the real world, a place where production gaffes impact delivery targets, cars crash and more, USA Today reports.