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Business South Africa

  • JOHANNESBURG/ PRETORIA, March 28- South African Finance Minister Pravin Gordhan abandoned an investor roadshow and flew home on Tuesday on the orders of President Jacob Zuma, triggering speculation about his future that weakened the country's currency and bonds. Zuma's sudden recall cut short Gordhan's roadshow in Britain and the United States, triggering...

  • JOHANNESBURG/ PRETORIA, March 28- Finance Minister Pravin Gordhan flew back to South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said he was still the finance minister when asked about reports that he was about to be sacked. The rand, which trimmed its losses to 1 percent against the dollar following his comment, has been volatile...

  • JOHANNESBURG/ PRETORIA, March 28- Finance Minister Pravin Gordhan flew back to South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said he was still the finance minister when asked about reports that he was about to be sacked. The rand, which trimmed its losses to 1 percent against the dollar following his comment, has been volatile...

  • Pravin Gordhan, South Africa's finance minister

    South Africa’s stability stumbled further into uncertain territory Tuesday as speculation rose over the dismissal of its Finance Minister.

  • JOHANNESBURG/ PRETORIA, March 28- Finance Minister Pravin Gordhan flew back to South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said "let's wait and see" when asked about reports that he was about to be sacked. Zuma's order cut short Gordhan's investor roadshow in Britain and the United States, triggering jitters that a long-running...

  • JOHANNESBURG/ PRETORIA, March 28- Finance Minister Pravin Gordhan flew back into South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said "let's wait and see" when asked about reports that he was about to be sacked. The rand fell sharply after Zuma ordered Gordhan's immediate return from a trip to Britain on Monday, rattling investors...

  • JOHANNESBURG, March 28- South African Finance Minister Pravin Gordhan said "let's wait and see" when asked about reports that President Jacob Zuma was set to remove him, as he arrived back from an investor roadshow in Britain on Zuma's orders. Gordhan told reporters shortly after landing at Johannesburg's international airport that he was focused on restoring...

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fueling speculation of a cabinet reshuffle.

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fuelling speculation of a cabinet reshuffle.

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fuelling speculation of a cabinet reshuffle.

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fueling speculation of a cabinet reshuffle.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • One of two listed casino operators in South Africa, Sun International has been hit by sluggish economic growth in its home market. It is scheduled to open its second-largest casino and entertainment complex there, the 4.2 billion rand Time Square project in Pretoria, next month. The owner of Sun City resort and the Sibaya Casino in South Africa said the slowing...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centres, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. The Emaar Malls bid is the latest move by Dubai billionaire Mohammed Alabbar who chairs Dubai's largest publicly listed developer Emaar Properties.

  • JOHANNESBURG— Royal Dutch Shell's Nigeria subsidiary "fiercely opposed" environmental testing and is concealing data showing thousands of Nigerians are exposed to health hazards from a stalled cleanup of the worst oil spills in the West African nation's history, according to a German geologist contracted by the Dutch-British multinational.

  • *Spot gold was down 0.1 percent at $1,243.60 per ounce by 0058 GMT. On Thursday, it touched its strongest since Feb. 28 at $1,253.12. *Palladium climbed to a peak of $808.70 in the prior session, its highest since March 2015.

  • SAO PAULO— Brazil's meat exports effectively collapsed this week, the agricultural minister said Wednesday, as several countries halted imports from the South American country in the wake of a meat inspection scandal. Brazil is struggling to contain the scandal, in which investigators say that health inspectors were bribed to overlook expired meats and...

  • BEIJING, March 22- China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the assets include a 100,000 barrel-per-day...

  • JOHANNESBURG, March 22- In 2010 police in Johannesburg shot Justin Ejimkonye, a Nigerian migrant, in the leg. The reason why is unclear: It took the police 18 months to charge Ejimkonye with any crime. Similar claims of police corruption are echoed by hundreds of immigrants in South Africa.