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Business South Africa

  • Mediclinic, which has stakes in Britain's Spire Healthcare and Switzerland's Hirslanden, extended its reach into the United Arab Emirates when it bought Al Noor last year. Underlying earnings per share came in at 29.8 pence per share for the year to the end of March compared with 36.7 pence a year earlier, largely impacted by shares issued to acquire Al Noor and...

  • *A spun off, listed Pay-tv unit could fetch up to 120 billion rand- analysts. JOHANNESBURG, May 24- It was the investment that transformed Naspers from a small-time South African newspaper publisher into Africa's most valuable company and made its long-serving director and chairman Koos Bekker a billionaire. Naspers has plowed in around $3.6 billion since 2012...

  • *Eyes W. Africa, Iran for potential partners. CAPE TOWN, May 19- South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners on a new refinery project, energy ministry officials said on Friday. The acting director general at the ministry of energy Tseliso Maqubela told Reuters after a...

  • Brexit more of an issue than South African volatility: Investec CEO

    Investec CEO Stephen Koseff says that he is pleased with first quarter results despite volatile markets.

  • Monetary policy is the only anchor in the South African economy: Citi

    Luis Costa, head of CEEMEA FX and rates strategy at Citi, speaks about disinflation and monetary policy in South Africa as well as the investment case for Egypt.

  • South Africa's Finance Minister Malusi Gigaba said Monday the treasury would use its 500 billion rand annual procurement budget to transform the economy.

  • LONDON, May 15- A drop in production and higher costs forced South Africa- focused platinum producer Lonmin to make deeper cuts and shift its headquarters on Monday as a first-half operating loss of $181 million knocked its shares. Lonmin took a write-down of $146 million due to the stronger rand against the dollar as miners in South Africa pay costs in the local...

  • TALLINN- Prime ministers of four countries- Poland's Beata Szydlo, Estonia's Juri Ratas, Latvia's Maris Kucinskis and Lithuania's Saulius Skvernelis- will meet to discuss regional security, transport and energy. MANILA- Philippines Central Bank holds its monetary policy meeting. MUMBAI- Federal Reserve Bank of New York President William Dudley speaks on "...

  • BERLIN, May 4- Greece's international lenders are preparing possible debt relief measures for Athens for discussion by euro zone finance ministers, the German business daily Handelsblatt reported on Thursday. The European Commission, the ESM euro zone rescue fund, the European Central Bank and the International Monetary Fund have prepared various debt...

  • DURBAN, South Africa, May 4- German industrial group Siemens aims to double its order intake in Africa to more than 3 billion euros by 2020, its chief executive officer Joe Kaeser said on Thursday. Siemens wants to support their sustainable development with solutions and projects in Africa, for Africa, "Kaeser said. "Our goal is to double our order intake in Africa to...

  • DURBAN, South Africa, May 4- Zimbabwe's 93- year-old president, Robert Mugabe, sat slumped in his chair, wringing his hands, as he told a panel discussion on Thursday in a low murmur that his country was not a "fragile state". But he told a panel discussion on "fragile countries" at the World Economic Forum for Africa in the South African city of Durban that Zimbabwe's...

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Economic Society Business Lunch- 0310 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Economic Society Business Lunch- 0310 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of its May monetary policy meeting- 0130 GMT.

  • By Karin Strohecker and Sujata Rao. LONDON, April 26- President Jacob Zuma's exit, whenever it comes, will be no panacea for South Africa's deepening political problems which many investors blame on the ruling ANC party rather than its 75- year-old leader. South Africa is a key emerging economy, with a $140 billion bond market and a $825 billion equity market that...

  • LONDON, April 26- President Jacob Zuma's exit, whenever it comes, will be no panacea for South Africa's deepening political problems which many investors blame on the ruling ANC party rather than its 75- year-old leader. South Africa is a key emerging economy, with a $140 billion bond market and a $825 billion equity market that is often used by global investors as...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • S Africa cannot rely on extraction of primary commodities: Fin min

    South Africa’s Finance Minister Malusi Gigaba talks to CNBC about his reforms and changing the structure of the African economy.

  • April 24- Anglo American reported a 9 percent rise in overall production for the first quarter of 2017 compared with 2016, but copper output fell 3 percent due to poorer grades and a temporary suspension at the El Soldado mine in Chile. Copper output fell 3 percent due to poorer quality ore in Chile combined with the halting of mining operations at El Soldado from...

  • Malusi Gigaba, South Africa's finance minister, right, arrives to a Group of 20 (G-20) finance ministers and central bank governors meeting on the sidelines of the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Friday, April 21, 2017.

    When asked if he thinks something underhanded going on in the government that led to his appointment, Malusi Gigaba said he doesn't know.