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Business South Africa

  • People use their mobile phones in Abidjan, Ivory Coast, on August 31, 2015.

    A match made in business heaven has snaked its way across the African continent.

  • MOSCOW- Central Bank of Russia interest rate decision 1030 GMT. TUESDAY, AUGUST 1 SYDNEY- Reserve Bank of Australia holds monetary policy decision meeting- 0430 GMT. PRAGUE- Czech National Bank holds Monetary Policy Meeting.

  • CAPE TOWN, July 27- South Africa's top tourist hub Cape Town expects a 13 percent jump in tourist arrivals this year to 1.77 million, officials said on Thursday, a rare bright spot in an economy that slid into recession in March,. Cape Town had the country's four most popular attractions, including Robben Island-- apartheid's most notorious jail where former...

  • *Anglo American sets aside $101 mln. JOHANNESBURG, July 27- Mining companies Gold Fields and Anglo American have set aside over $130 million between them for a possible settlement with miners who contracted lung diseases at work. Anglo American said on Thursday it has set aside $101 million and Gold Fields said it had made a provision of $30.2 million.

  • *950 jobs at risk in South Africa, Namibia, Botswana. JOHANNESBURG, July 27- Department store Stuttafords, the 159- year-old "Harrods of South Africa", is closing down, victim of a global shift to online retail and a domestic economic slump that has put brands such as Ted Baker and Gap beyond its customers' reach. However, attempts to revive its fortunes proved futile and...

  • *Spot silver at three-week high of $16.64/ oz. NEW YORK/ JOHANNESBURG, July 25- Gold prices retreated from a one-month high on Tuesday as equities gained and the markets awaited clues about monetary policy from the U.S. "The market is looking for clarity on the Fed's tightening cycle and when they are going to start with the tapering," said ETF Securities analyst...

  • FRANKFURT/ CAPE TOWN, July 25- Software AG is launching an internal investigation after a media report alleged it had paid kickbacks as part of a wide-ranging South African scandal in which fellow German software maker SAP has also been caught up. "Software AG is not aware of any non-compliant business practices in its South Africa operations," a company...

  • JOHANNESBURG, July 25- Gold prices traded near a one-month high on Tuesday as the dollar languished at a more than one-year low ahead of a Federal Reserve meeting that is expected to provide more clues on U.S. monetary policy. The metal had touched $1,258.79 in the previous session, its highest since June 23. "The market is looking for clarity on the Fed's tightening...

  • Chinese frontier guards raise up tires during a training on January 20, 2016 in Altay, Xinjiang Uyghur Autonomous Region of China.

    China just gave its harshest warning to India over a territorial dispute. The SCMP reports.

  • City of Johannesburg, South Africa

    With the mounting problems facing South Africa, CNBC looks whether its economic outlook is starting to look bleak.

  • CAPE TOWN- South African Reserve Bank starts its three-day monetary policy committee meeting. JAKARTA- Indonesia Central Bank board of governors' meeting. JOHANNESBURG- South African Finance Minister Malusi Gigaba makes an address at the American Chamber of Commerce in South Africa's networking breakfast on "Working towards financial recovery in South...

  • JOHANNESBURG— South Africa's government has condemned what it calls tit-for-tat violence between drivers of metered taxis and those driving for companies that use ride-hailing apps, one day after an Uber driver died from injuries suffered in an attack. Transport Minister Joe Maswanganyi said Tuesday that there are "spiraling attacks and counter attacks"...

  • *Reserve bank to hold repo rate at 7.00 pct in July 20 meeting. JOHANNESBURG, July 18- South Africa's Reserve Bank is expected to leave interest rates unchanged at its July 20 meeting, according to a Reuters poll released on Monday, but economists expect a dovish statement as the Bank gets closer to its easing cycle. Twenty-four of 27 economists said the Reserve Bank...

  • FRANKFURT, July 14- Germany's SAP named a new executive team in South Africa on Friday, two days after the software giant put four senior managers on leave, pending its investigations into allegations that it was involved in a government bribery scheme. SAP said 25- year company veteran Claas Kuehnemann will step into the role of acting managing director for...

  • JOHANNESBURG— An Uber driver in South Africa died of severe burns on Monday after his car was set on fire amid concerns about threats from metered cab drivers who think the ride-hailing company is taking their business. The man was attacked last month in the capital, Pretoria. South African drivers with metered cabs previously have caused big traffic jams...

  • Shares in Oando, which are also listed in Johannesburg and Toronto, fell 9.54 percent in Lagos, down for the second session in a row, to a level last seen in June. "Our attention has been drawn to a report... stating that Oando is under investigation by the Securities and Exchange Commission following petitions filed by some foreign investors in Oando Nigeria Plc, in...

  • SYDNEY- Reserve Bank of Australia to release the minutes of July monetary policy meeting- 0130 GMT. SYDNEY- Alex Heath, Head of Economics Analysis Department at Reserve Bank of Australia, gives speech at the Women in Economics panel at the Australian Conference of Economists, Sydney- 0530 GMT. MELBOURNE- Assistant Governor at the Reserve Bank of Australia, Michele...

  • FRANKFURT, July 14- Germany's SAP named a new executive team in South Africa on Friday, two days after the software giant put four senior managers on leave, pending its investigations into allegations that it was involved in a government bribery scheme. SAP said 25- year company veteran Claas Kuehnemann will step into the role of acting managing director for...

  • SYDNEY- Reserve Bank of Australia to release the minutes of July monetary policy meeting- 0130 GMT. SYDNEY- Alex Heath, Head of Economics Analysis Department at Reserve Bank of Australia, gives speech at the Women in Economics panel at the Australian Conference of Economists, Sydney- 0530 GMT. JAKARTA- Indonesia Central Bank board of governors' meeting.

  • NEW DELHI/ LAUSANNE, Switzerland July 13- A group of cigarette company executives stood in the lobby of a drab convention center near New Delhi last November. In fact, executives from the largest publicly traded tobacco firm had flown in from around the world to New Delhi for the anti-tobacco meeting. Philip Morris International would soon be holding secret...