Business News South Africa

  • JOHANNESBURG, Nov 15- Mediclinic International Plc plans to reduce capex for its Swiss business, open more outpatient surgery units and medical centres in order to mitigate regulatory challenges in Switzerland's healthcare market. A constituent of London's FTSE 100 index with a secondary listing in Johannesburg, Mediclinic has faced stricter...

  • JOHANNESBURG, Nov 14- Shares in South Africa's MTN Group gave up early gains triggered by a media report on Wednesday that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company in a dispute. Nigerian newspaper Vanguard, without naming its sources, said Nigeria's government, working through the central bank, may...

  • WEDNESDAY, NOVEMBER 14 JOHANNESBURG- World Bank officials to meet Zambia finance minister and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. ZAGREB- Croatia National Bank holds monetary policy...

  • CAPE TOWN, Nov 13- MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market. Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to...

  • CAPE TOWN, Nov 13- MTN Group will apply for a mobile banking license in Nigeria and plans to launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market. Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to...

  • CAPE TOWN, Nov 13- MTN Group will apply for a mobile banking license in Nigeria and launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to...

  • TUESDAY, NOVEMBER 13 JOHANNESBURG- World Bank officials to meet Zambia finance ministers and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. MELBOURNE- Panel Participation by Guy Debelle, RBA Deputy...

  • *MSCI currency index on track for worst day in over a month. Nov 9- Emerging market shares and currencies fell to their lowest in a week on Friday, tracking a global downturn in sentiment after the U.S. Markets were expecting a hike in December and there hasn't been any significant shift in their stance, "aid Paul Fage, senior emerging markets strategist at TD...

  • JOHANNESBURG, Nov 8- Morocco's Attijariwafa Bank plans to launch a new acquisition push in Africa late next year, starting with Rwanda, Kenya and Ethiopia, a bank executive said on Thursday. Attijariwafa, one of Morocco's biggest banks that is controlled by the royal family through its Al Mada holding company, already has subsidiaries in Cameroon, Congo Republic,...

  • *Around 30 staff were employed at office in Johannesburg. *Swiss bank had re-entered South Africa in 2006. JOHANNESBURG, Nov 7- Credit Suisse has pulled out of South Africa after more than a decade as part of Chief Executive Tidjane Thiam's bank-wide revamp, three sources with knowledge of the matter said.

  • WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. BUDAPEST- Hungarian Central Bank to publish the minutes of its October 2018 rate-setting meeting 1300 GMT. SYDNEY- Panel Participation by Tony Richards, RBA Head of Payments Policy, at The Future of Financial Services Sydney Conference 2018, Sydney- 2310 GMT.

  • CAPE TOWN, Nov 6- Venezuela's crude production was in "free-fall" and could soon fall below 1 million barrels per day, the International Energy Agency's Executive Director Fatih Birol said on Tuesday. OPEC member Venezuela last year produced more than 2 million bpd, but a deep economic and social crisis has seen output plummet as millions flee the South American...

  • Investors are bracing for a split Congress, with Democrats taking control of the House of Representatives and Republicans holding their advantage in the Senate, but are mindful that President Donald Trump's victory in 2016 surprised experts. A split Congress would likely reduce trade tensions, while the dollar could come under pressure as it is unlikely any...

  • CAPE TOWN, Nov 5- Nigeria's state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday. "Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria a couple of years ago but they are coming back for this particular arrangement, because its an...

  • TUESDAY, NOVEMBER 6 SYDNEY- Reserve Bank of Australia holds interest rate meeting 0330 GMT. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Panel Participation by Tony Richards, RBA Head of Payments Policy, at The Future of Financial Services Sydney Conference 2018, Sydney- 2310 GMT.

  • JOHANNESBURG, Nov 4- South African Home Affairs Minister Malusi Gigaba has said he will "fight... to the bitter end" against any moves to remove him after the anti-graft watchdog said he should be disciplined for lying under oath, the City Press newspaper reported. Gigaba told the City Press on Sunday that he faced a sustained political onslaught aimed at forcing his...

  • **ISRAEL- Bank of Israel holds conference in honor of governor Karnit Flug, who is leaving the bank. Among those scheduled to participate include deputy governor Nadine Baudot-Trajtenberg, OECD chief economist Laurence Boone, Czech central bank chief Jiri Rusnok, Brazil central bank head Ilan Goldfajn, Swedish deputy central bank governor Martin Floden and...

  • JOHANNESBURG, Nov 1- South Africa's struggling state-owned arms firm Denel is "ripe" for joint venture partnerships, President Cyril Ramaphosa said on Thursday, but added Pretoria would want to retain control if any deal went ahead. Ramaphosa said he hadn't yet applied his mind to a bid for Denel by Saudi, or any of the other bids for the loss-making firm which makes...

  • JOHANNESBURG, Oct 31- South Africa's Home Affairs Minister Malusi Gigaba should be disciplined for lying under oath about the wealthy Oppenheimer family's attempt to open a private airport immigration facility, the country's official anti-graft watchdog said on Wednesday. Gigaba was finance minister between March 2017 and February 2018 under...

  • JOHANNESBURG, Oct 26- South Africa's rand bounced back on Friday after a torrid post-budget period as global firms pledged to invest a total of 290 billion rand at a conference hosted by President Cyril Ramaphosa. The local unit has been under pressure since a gloomy budget statement by new Finance Minister Tito Mboweni on Wednesday, but Ramaphosa's...