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Business South Africa

  • MOSCOW- Bank of Russia First Deputy Chairman Sergey Shvetsov is scheduled to attend an information and training seminar for journalists hosted by Bank of Russia- 0900 GMT. BUDAPEST- Hungarian Central Bank non-rate-setting meeting. BELGRADE- National Bank of Serbia interest rate decision.

  • STOCKHOLM- The Riksdag Committee on Finance will hold an open hearing on monetary policy with Riksbank Governor Stefan Ingves and Riksbank Deputy Governor Henry Ohlsson- 0900 GMT. FRANKFURT- European Central Bank President Mario Draghi speaks at the conference on "Fostering Innovation and Entrepreneurship in the Euro Area," initiated by ECB and MIT- 1430 GMT.

  • STOCKHOLM- The Riksdag Committee on Finance will hold an open hearing on monetary policy with Riksbank Governor Stefan Ingves and Riksbank Deputy Governor Henry Ohlsson- 0900 GMT. FRANKFURT- European Central Bank President Mario Draghi speaks at the conference on "Fostering Innovation and Entrepreneurship in the Euro Area", initiated by ECB and MIT- 1430 GMT.

  • JOHANNESBURG, March 12- South Africa's ruling African National Congress needs to end corruption and party divisions, and deliver on promises to tackle poverty if it is to halt a decline in voter support, a party policy document said on Sunday. The report was produced by the party leadership and comes as the ANC prepares to select a successor to President Jacob...

  • The lender said it planned to maintain operations "in markets with Portuguese affinity," which include Portuguese-speaking Angola, Mozambique and the Macau region in China, while selling or shutting down the remaining non-core international business. "We will give priority to operations in South Africa and Spain," CEO Paulo Macedo told reporters, adding that...

  • LAGOS, March 9- The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company, it said. Nigeria's bourse, the second-biggest in sub-Saharan Africa after Johannesburg and one of the main entry points to invest in Africa, is currently owned by stockbrokers and some institutional...

  • ZAGREB- Croatia National Bank monetary policy meeting. MANILA- Philippine Central Bank Governor Amando Tetangco to deliver keynote speech at an awards night for the country's fixed income trading platform, at the Makati Shangri-La Hotel- 1000 GMT. LIMA- Central Bank of Peru interest rate decision.

  • WARSAW- National Bank of Poland monetary policy meeting. CANBERRA- Reserve Bank of Australia monetary policy meeting. TBILISI- National Bank of Georgia monetary policy committee meeting.

  • JOHANNESBURG, March 2- The South African rand weakened on Thursday as the increasing likelihood of a U.S. interest rate rise this month and lower commodity prices weighed on emerging currencies. By 1500 GMT the rand had weakened 0.65 percent from its New York close to 13.1125 per dollar. George Glynos, director at currency specialists ETM Analytics, however, said...

  • MTN reported a $108 million annual loss, its first in two decades, hit by a regulatory fine in Nigeria and unfavourable currency moves. MTN agreed to pay a fine of 330 billion naira, reduced from $5.2 billion, in June last year after a prolonged legal battle to end a dispute in Nigeria over missing a deadline to cut off unregistered SIM cards. The fine claimed by...

  • *Al Noor hit by Abu Dhabi insurance policy change. ABU DHABI, March 2- International healthcare operator Mediclinic is lobbying the Abu Dhabi government to rethink a change in medical insurance rules that has damaged its business after it bet big on acquiring Al Noor Hospitals, its regional CEO told Reuters. The rule, which does not apply to government hospitals,...

  • *MTN's 2016 earnings hit by $1.1 bln Nigeria fine. JOHANNESBURG, March 2- Africa's biggest mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but its shares soared after it kept a dividend. The fine by Nigeria, MTN's most lucrative but increasingly...

  • KIEV- National Bank of Ukraine monetary policy meeting. WARSAW- National Bank of Poland monetary policy meeting. CANBERRA- Reserve Bank of Australia monetary policy meeting.

  • "Techstars would love to be in Canada and we expect to have something to announce in the near future," a spokeswoman said in response to queries. While Canada has a rich technology scene, it has long struggled to attract top caliber executives or provide the necessary environment to keep its highly skilled tech graduates from bolting south to California or New...

  • JOHANNESBURG, March 1- Thousands of coal truck drivers descended on South Africa's capital Pretoria on Wednesday to protest against the country's renewable energy programme, after President Jacob Zuma expressed support for the sector last month. Coal is used to generate the lion's share of South Africa's power supply and job cuts are a particularly thorny...

  • Tom Brady of the New England Patriots looks on after the Patriots 27-10 win over the Washington Redskins on November 8, 2015 in Foxboro, Massachusetts.

    Here are some of the key stories CNBC is following this hour.

  • *Investors say Nigeria needs clearer, bold devaluation. *President Buhari is in London on medical leave. LAGOS/ LONDON, Feb 22- Nigeria's latest efforts to tweak its exchange rate policy have baffled investors who say the moves fall short of the currency devaluation they had hoped for and will not lure money back into the economy.

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • JOHANNESBURG, Feb 21- South Africa's rand weakened on Tuesday, while stocks were little changed, with Shoprite topping the Blue-chip index after the retailer reported a rise in half-year profit. The rand traded at 13.1475 per dollar at 1502 GMT, down 0.71 percent from Monday's New York close of 13.0550, while. "The main driver today has been quite significant...

  • *Pace of store openings to slow in Nigeria. JOHANNESBURG, Feb 21- South African retailer Shoprite reported a 15.5 percent jump in half-year profit on Tuesday, buoyed by sales growth in Angola and Nigeria, reassuring investors after a merger with Steinhoff foundered. Though sales in Nigeria was 60 percent higher than a year ago in the six months to the end of...