Latest News Southern Africa and Indian Ocean
Oil & Gas
02/04/2020 at 16h38, by Tarik Bargal
BofA and Citigroup among syndicate of underwriters for new Sasol shares on the JSE ($2bn)
The South African group, which is in an unfavourable position due to a huge but underperforming project...
Building materials
01/04/2020 at 16h41, by Gaëlle Arenson
AkzoNobel completes acquisition of Mauritius-based Mauvilac from Adenia Capital III
The transaction amount has not been disclosed.
Agri-food industry
25/03/2020 at 16h45, by Africa Business+
Taste Holdings completes its exit from the catering industry with the termination of its Domino’s franchise in South Africa
After four loss-making financial years, the decision to withdraw from an unprofitable sector to focus...
Mines
19/03/2020 at 11h16, by Aurelie Benoit
South Africa: Covid-19 overpowers Kropz, the phosphate subsidiary of Patrice Motsepe’s ARC
A hearing scheduled for 16 March to decide on the legality of a key water licence for future operations...
Large-scale distribution
18/03/2020 at 16h36, by Africa Business+
Hassanaly brothers (Talys group) to open the first Cash & Carry store in Madagascar at the end of 2020
The Malagasy group is preparing to open a sales outlet intended partly for wholesale customers under...
Health
17/03/2020 at 17h38, by Aurelie Benoit
Brian van Rooyen (Labat Africa) takes a step back in his cannabis offensive
The South African fund manager was the first publicly listed African company to enter the sector.
Logistics
16/03/2020 at 14h32, by Valentin Grille
Newtown Partners backs Imperial Logistics with a $20 million fund
The South African logistics giant is looking to invest in start-ups that are likely to revolutionise...
Mines
12/03/2020 at 20h57, by Africa Business+
Chromium mining in Madagascar: Kraoma looking for a new partner but Ferrum Mining determined to stay
No ore has been extracted from the mine near Brieville since December 2019. Operations have been suspended...
Bank
12/03/2020 at 17h11, by Africa Business+
South African Reserve Bank seeking adviser for the sale of its 50% stake in African Bank
The task is likely to be thwarted by difficult market conditions as the credit institution struggles...
Maritime transport
11/03/2020 at 15h38, by Africa Business+
APM Terminals under pressure from Nigerian Ports Authority in Apapa (Lagos)
The Nigerian public port authority is threatening to take over the terminal managed by Danish group...
Large-scale distribution
09/03/2020 at 16h12, by Africa Business+
After JP Morgan, Coronation increases its stake in the Spar supermarket chain to 15.8%
The pickup on the Johannesburg Stock Exchange comes in the wake of a significant drop in the share price,...
Bank
02/03/2020 at 17h56, by Gaëlle Arenson
Absa rolls out “Timiza”, its mobile wallet, in Zambia, Botswana and Mauritius
According to information gathered for this report from Vimal Kumar, CEO Retail & Business Banking and...
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