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  • JOHANNESBURG, April 28- Thousands of shoppers queued on Thursday at the opening of one of the largest malls in South Africa, set in middle-class suburbia between Johannesburg and Pretoria. The Mall of Africa will house over 300 shops, including global brands such as Inditex's Zara, Hennes& Mauritz, Cotton On and Starbucks. They want to attract the rising number of...

  • PARIS, April 27- French retailer Fnac is set to clinch a takeover deal for electronics chain Darty after rival bidder Steinhoff effectively dropped out of the race on Wednesday. South African furniture retailer Steinhoff said it would not raise its latest 160 pence a share offer for Darty because that would "no longer create sufficient value for its...

  • *Expansion to Nigeria will not happen hastily- CEO. JOHANNESBURG, April 26- South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its home market, it said on Tuesday. "We are not suddenly going to explode onto the scene in Nigeria next year but we are...

  • *Fnac offers 170 pence per Darty share, up from 153 pence. PARIS/ JOHANNESBURG, April 25- French retailer Fnac raised its offer for Darty on Monday to around 900 million pounds in a final bid to win Europe's largest electronics goods chain in a battle with South Africa's Steinhoff. Fnac, declaring the offer its last, said it would pay 170 pence per Darty share in cash, up...

  • *Draft law says companies must be 26 pct black-owned at all times. *Black empowerment bill opposed by mining companies. JOHANNESBURG, April 22- South Africa could extend consultations on a draft law opposed by mining companies that say the move to redress imbalances of the nation's past apartheid rule would impose unfair conditions over black ownership.

  • JOHANNESBURG, April 22- Steinhoff has increased its stake in Darty to 20.4 percent, it said on Friday, a day after a frantic bidding war with French rival Fnac for Europe's third-largest electric goods retailer. Steinhoff, a 20 billion euro company listed in both Johannesburg and Frankfurt, said it had acquired an additional 4.8 million shares in London- listed...

  • PARIS/ JOHANNESBURG April 21- The battle for Europe's third-largest electrical goods retailer Darty intensified on Thursday as South Africa's Steinhoff and French rival Fnac frantically tried to outbid each other. Five new offers in less than 24 hours lifted Darty shares by more than 23 percent to their highest level since the end of 2010 and left Steinhoff...

  • *South Africa govt says banks move might deter investors. CAPE TOWN/ JOHANNESBURG April 21- South Africa stepped in on Thursday to try to contain the damage from a stand-off between the country's banks and Oakbay, a company owned by the Gupta family who are alleged to wield undue political influence. The government had appointed a ministerial team to find a...

  • LONDON, April 20- Investors holding Mozambique's recently restructured' tuna bond' are demanding answers from the government and its bankers over what the International Monetary Fund says are previously undisclosed loans that could exceed $1 billion. The revelations have rocked the relationship between one of the world's poorest countries and the...

  • *Historic drought fueling food prices rises. JOHANNESBURG, April 19- Drought has pushed up the cost of white maize and other food staples of poor South Africans and faster price rises will squeeze budgets further, potentially hurting the ruling African National Congress before local elections in August. These groups make up the political support base of the...

  • "Hamilton," the hip-hop stage biography of Caribbean emigrant Alexander Hamilton, won for drama. In journalism, The Associated Press won for public service. It documented the use of slave labor in the commercial seafood industry in Indonesia and Thailand.

  • LONDON, April 13- Anglo-South African financial services group Old Mutual paid its new chief executive Bruce Hemphill 4.8 million pounds in 2015, the firm's annual report showed on Wednesday, as it prepares to break itself up into four parts. Old Mutual, which is listed in London and Johannesburg, said last month it would break up as regulatory change made it more...

  • Weaker-than-expected demand has hit the once-buoyant liquefied natural gas (LNG) market, but the slump is attracting new customers.

  • Got yourself a dissatisfied wannabe scientist or hairstylist at home? Don't worry, KidZania is likely heading your way.

  • JOHANNESBURG, April 8- While most of the world sits on a generous corn stockpile, the situation for South Africa is vastly different. Even though South Africa produces only 12 million tonnes of corn on average, it is usually a net exporter. Ending stocks are predicted to shrink nearly 70 percent on the year, and South Africa may import one of its largest volumes of...

  • JOHANNESBURG, April 6- With their economy flatlining, currency on the ropes and politics in turmoil, many South Africans are turning to humour for relief, mainly at the expense of President Jacob Zuma and his $16- million home improvements. "Jacob Zuma is the dude who just threw up all over the dance floor but still doesn't want to go home," comedian Lazola Gola...

  • April 1- The rout in global stock markets earlier this year has dented optimism among even the most bullish of equity market analysts polled by Reuters, who now reckon only half of around 20 major stock markets will gain in the year. The March 17-31 Reuters poll of over 250 equity strategists, analysts and fund managers from around the world is the latest in a series...

  • LONDON, March 31- Emerging equities touched four-month highs on Thursday and headed for their best quarterly performance since mid-2015, while currencies also firmed thanks to a dollar retreat and a scaling back of U.S. rate rise forecasts. While a China credit outlook cut from S&P punctured some of the buoyant mood and underscored the risks that still face the...

  • LONDON, March 29- Emerging European shares mostly rose on Tuesday, tracking gains on Western bourses and shrugging off earlier weakness in Asian markets, though a firmer dollar kept the pressure on currencies. while Polish markets rose half a percent thanks to gains on FTSE's pan-European index, though the commodity-heavy Moscow and Johannesburg bourses...

  • LONDON, March 24- Emerging stocks stumbled lower on Thursday and looked likely to end the week on losses after rising for three weeks in a row, while currencies were pressured by dollar gains and a dive in commodity prices. "Fed members' comments seem to suggest that an April rate hike is quite possible, which has been the main driver," said Paul Fage, senior emerging...