Business South Africa

  • JOHANNESBURG— Poaching syndicates shipped large amounts of African elephant ivory last year despite global calls to dismantle the trafficking networks that often collude with corrupt officials, conservationists said as an international wildlife conference opened Saturday in South Africa. The plight of elephants dominated the discussion on the first...

  • THURSDAY, SEPTEMBER 22 BUDAPEST- Hungarian Business Leaders Forum's Financial Summit 18 conference, titled "Breakout Brexit" JAKARTA- Indonesia central bank interest rate decision- 0700 GMT ANKARA- Turkey central bank monetary policy meeting- 1100 GMT PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT CAIRO- Central bank of Egypt monetary...

  • TUESDAY, SEPTEMBER 20 BUENOS AIRES- Sweden's Riksbank Governor Stefan Ingves will hold a speech on cash usage in Sweden and the Riksbank's role in promoting an efficient payments system at a conference arranged by the central bank of Argentina- 1145 GMT BUDAPEST- Hungarian central bank rate-setting meeting- 1200 GMT ABUJA- Central bank of Nigeria interest...

  • LONDON/ WARSAW, Sept 19- South Africa's Naspers is set to receive at least four bids for Allegro in a deal that could value Eastern Europe's No.1 auction website at up to $2.2 billion, sources familiar with the talks said on Monday. The sources said Advent had teamed with U.S. private equity fund Hellman& Friedman; Apax Partners with Canada's CPP Investment Board;...

  • Huffington Post

    The media company plans to continue international expansion and experimental video focus after its founder steps down in November.

  • JOHANNESBURG— A team from the International Monetary Fund will travel next week to Mozambique, which is struggling to reassure investors after the revelation earlier this year of at least $1.4 billion in hidden debt. Mozambican President Filipe Nyusi expressed willingness to resolve the problem in a meeting Thursday in Washington with IMF Managing...

  • *Central Bank to hold repo rate at 7 pct on Sept. 22. *Reserve Bank to hike rate by 25 bps in January. JOHANNESBURG, Sept 15- South Africa's Reserve Bank will hold its repo rate at 7 percent next Thursday but, with the risk of a December sovereign rating downgrade high, hike by 25 basis points in January to support a vulnerable rand, a Reuters poll showed on Thursday.

  • THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed. Speakers: Hungarian central bank Governor Gyorgy Matolcsy, Deputy Governor Marton Nagy, Hungarian Banking Association Chairman Mihaly Patai and Hungarian...

  • BANGKOK- Bank of Thailand monetary policy committee meeting- 0730 GMT. ZAGREB- Croatia National Bank monetary policy meeting. THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed.

  • ABUJA, Sept 13- Arik Air, Nigeria's largest airline, canceled all flights on Tuesday in what it called a temporary disruption related to insurance renewal. Arik, which flies to London, New York and Johannesburg, also has a maintenance contract with Germany's Lufthansa. "It would be a whole sphere of intervention, if possible, from the Central Bank of Nigeria to the...

  • ABUJA, Sept 13- Arik Air, Nigeria's largest airline, canceled all of its flights on Tuesday in what it called a temporary disruption related to insurance renewal, it said in a statement on Tuesday. James Daudu, deputy director at the country's aviation ministry, said that while jet prices are deregulated, and therefore outside government control, the Minister of...

  • *Zuma says "there is no war" with Treasury. *Complains of abuse from opposition parties. CAPE TOWN/ JOHANNESBURG, Sept 13- South African leader Jacob Zuma attempted on Tuesday to brush aside market fears of a power struggle with Finance Minister Pravin Gordhan, declaring: "There is no war between the Presidency and the Treasury."

  • *Thousands drawn to South Africa's old gold mines. JOHANNESBURG, Sept 13- When he lost his job as a Johannesburg gardener a month ago, 25- year-old Sibangani Tsikwe did what millions of men have done before him: seek their fortune deep underground in the gold mines that help to define South Africa. Equipped with little more than a head-torch, pick-axe and nerves of...

  • South African Finance Minister Pravin Gordhan has fought back against allegations that he had "spied" on politicians in his previous role.

  • Pravin Gordhan, South African finance minister, says that investors are more interested in the motivations of institutions rather than individuals, and that his country's economy is working towards providing them with confidence.

  • *Spot gold was up about 0.2 percent at $1,328.52 an ounce by 0056 GMT. *Traders trimmed their odds for a September rate hike to 15 percent from 24 percent on Friday, according to CME Group. *Johannesburg- listed miner Gold Fields said on Monday that an employee at the South Deep mine in South Africa was killed in an accident on Saturday following a seismic event.

  • South African Airways wants to increase APAC presence

    Gcobani Mangcotywa, APAC GM of South African Airways, talks about the operations of South African Airways and how it intends to expand in China.

  • TUESDAY, SEPTEMBER 13 OSTRAVA, Czech Republic- Czech National Bank Governor Jiri Rusnok to give a lecture on "Monetary policy in the years 2017-2018: exit and developments beyond"- 0800 GMT. ECB governing council member Ewald Nowotny, Sveriges Riksbank Deputy Governor Cecilia Skingsley, Argentina central bank Governor Federico Sturzenegger, People's Bank of...

  • MONDAY, SEPTEMBER 12 TORONTO- Toronto Global Forum- An international conference which fosters dialog on national and global issues, held under the auspices of the International Economic Forum of the Americas. Speakers: Panama Finance Minister Dulcidio de la Guardia, International Monetary Fund Managing Director Christine Lagarde and World Bank Managing...

  • *Spot gold was little changed at $1,337.70 an ounce by 0113 GMT. *The European Central Bank held interest rates at record lows and kept the door open to more stimulus on Thursday but gave few hints about its next move, disappointing markets that had priced in a decisively dovish tone. *Bank of Japan Deputy Governor Hiroshi Nakaso said the central bank would not rule...