Business South Africa

  • JOHANNESBURG, Dec 3- President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings downgraded the local debt of Africa's most industrialized country by one notch on...

  • *Four ministers had urged Zuma to step down- local media. *ANC says reaffirms Zuma's presidency. JOHANNESBURG, Nov 29- South Africa's ruling African National Congress said on Tuesday its executive committee stood by President Jacob Zuma in a debate about whether he should step down after several officials called for his resignation.

  • *ANC says stands by Zuma, reaffirms his presidency. JOHANNESBURG, Nov 29- South Africa's ruling African National Congress said on Tuesday its executive committee had stood by President Jacob Zuma in a debate called after media reported that four ministers had demanded his resgination. The rand fell by as much as 2.5 percent against the dollar and bonds weakened...

  • JOHANNESBURG- South African Finance Minister Pravin Gordhan will engage business leaders in a closed pre- World Economic Forum meet- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about monetary policy and the economic situation- 0735 GMT. BERLIN- German Chancellor Angela Merkel, World Bank Group President Jim Yong Kim, German Finance...

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about' The Search for Growth- The Financial System and the Real Economy'- 0815 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT.

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about' The Search for Growth- The Financial System and the Real Economy'- 0815 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT.

  • JOHANNESBURG, Nov 25- Ratings agency Fitch affirmed South Africa's investment-grade credit rating at one notch above' junk' on Friday but changed its outlook to negative from stable, warning that political risks could hurt growth. With the economy expected to grow by only half a percent this year, South Africa has been racing to avert a downgrade of its sovereign...

  • JOHANNESBURG, Nov 25- Ratings agency Fitch affirmed South Africa's investment-grade credit rating at one notch above' junk' on Friday but changed its outlook to negative from stable, warning that political risks could hurt growth. With the economy expected to grow by only half a percent this year, South Africa has been racing to avert a downgrade of its sovereign...

  • JOHANNESBURG, Nov 25- Africa's biggest company by market value, Naspers, reported a jump in half-year profit on Friday, boosted by its internet businesses that include a major stake in China's Tencent Holdings. Cape Town- based Naspers, which owns about a third of China's biggest social network and online entertainment firm, said core headline earnings totalled...

  • JOHANNESBURG, Nov 25- Africa's biggest company by market value, Naspers, reported a jump in half-year profit on Friday, boosted by its internet businesses that include a major stake in China's Tencent Holdings. Cape Town- based Naspers, which owns about a third of China's biggest social network and online entertainment firm, said core headline earnings totalled...

  • There are lazy EM central banks, but not in South Africa: Strategist

    Luis Costa, head of CEEMEA FX and rates strategy at Citi, says that 2017 will be "an interesting moment for South African assets in general."

  • MONDAY, NOVEMBER 28 BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. BRUSSELS- European Central Bank Chief Economist Peter Praet speaks on "Challenges to economic integration at the European...

  • STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about the advantages and disadvantages of negative interest rates- 0945 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400...

  • *Africa's richest woman to sort out mess. LONDON, Nov 22- Angola's state oil company Sonangol has amassed hundreds of millions of dollars in debts and deferred payments to oil majors and contractors while its new chief, Isabel dos Santos, attempts to reform its operations. Contractors say they have waited months even for small payments from Sonangol, which...

  • reversal of Iran nuclear deal

    Wolfango Piccoli, co-president at Teneo Intelligence, discusses U.S. President-elect Donald Trump's influence on emerging markets.

  • JAKARTA- Bank Indonesia Governor Agus Martowardojo and Indonesia President Joko Widodo will give speak on the state of the economy, the bank's policy direction for the coming year and what he expects from bankers. SEOUL- Bank of Korea senior deputy governor Jang Byung- wha will speak at the local seminar in Seoul- 0500 GMT. MOSCOW- Russian Finance Minister Anton...

  • Goldman Sachs has six trades to capitalize on its forecast for faster economic growth and a stronger dollar, coupled with more uncertainty.

  • *Nigeria inflation still high, cuts not appropriate yet. RIC= NGCBIR %3 DECI Nigeria rate forecasts. JOHANNESBURG, Nov 18- The Central Bank of Nigeria will hold its benchmark interest rate at 14 percent at its Nov. 22 meeting with an aim to restore flagging investor confidence and an eye on rapidly-rising inflation, a Reuters poll found on Friday.

  • JOHANNESBURG, Nov 18- South Africa's Dis-Chem plans to double in size over the next five years its chief executive said on Friday, as the drug store chain made its debut on the Johannesburg bourse. The company braved uncertain equity markets in South Africa's second largest listing this year after food services group Bidcorp, which made its debut in May at a...

  • JOHANNESBURG, Nov 18- South African drug store chain Dis-Chem made its debut on the Johannesburg bourse on Friday, giving its founders a chance to partially cash in on their investment and bring a rival to the main pharmacy merchant on the bourse. Founded by Chief Executive Ivan Saltzman and his wife Lynette, Dis-Chem has grown from a start-up in 1978 to a major...