Top Business Stories
Unsecured lending hurts Abil earnings
Mon, 20 May 2013
African Bank Investments Limited’s headline earnings for the first half of the year were down 26 per cent to 126 cents, which have partly been sparked by fears of ballooning bad debt in the unsecured lending sector....read moreNetcare’s UK figures strong amid plans to create public-private partnerships in S.Africa
Mon, 20 May 2013
Netcare reported a 25 per cent rise in its interim profits as well as an 8.5 per cent revenue increase to 13.3 billion rand amid plans to expand its health coverage in the United Kingdom and South Africa.
...read moreJob creation starts at medium-enterprise level
Mon, 20 May 2013
Nigeria’s young population needs to unlock its leadership potential and this can be achieved through job creation by the small to medium-sized enterprises, a chief executive told CNBC Africa on Monday....read moreZimbabwe mining chamber criticises minerals proposals
Mon, 20 May 2013
Zimbabwe's mining chamber said
tighter proposed state control over the sale of minerals would
hit Anglo American Platinum and Impala Platinum
Holdings Ltd, slow down foreign investment and stunt
growth in the industry....read moreBarloworld not directly affected mining sector slowdown
Mon, 20 May 2013
The global mining capital slowdown as a result of commodity prices coming out of their off-peak levels has had little effect on the operations of Barloworld Ltd, Clive Thomson, the company’s CEO told CNBC Africa on Monday....read moreLow consumer spending constricts Pioneer Foods growth
Mon, 20 May 2013
Food and beverage producer Pioneer Foods is expecting weaker performance for the rest of the year, an indication that the consumer will continue to feel the pinch in the second quarter....read moreSouth African wage demands send rand to four year low
Mon, 20 May 2013
Big wage hikes demanded by
the government-allied trade union in South Africa's coal and
gold industries helped push the rand to a four year low on
Monday, highlighting the ripple effect of the prospect of more
turmoil in the industry....read moreNigeria says switching to foreign debt to lower costs
Mon, 20 May 2013
Nigeria will increase the amount
it borrows overseas to around 40 percent of all debt over the
next three to five years, from 12 percent currently, to lower
its cost of funds, the head of the debt office said on Monday....read moreEllerines only a small part of recent ABIL decline
Mon, 20 May 2013
Ellerine Furnishers, a subsidiary of African Bank Investments Limited (ABIL), may have contributed to the recent decline of the investment bank but is not entirely to blame, an analyst told CNBC Africa on Monday....read moreAMCON to divest its banks in bond re-financing move
Mon, 20 May 2013
The Asset Management Corporation of Nigeria recently announced the plan to re-finance its 5.7 trillion naira zero coupon bonds as well as divesting three of the Nigerian banks under its ownership....read moreMauritius tourism revenue drops 12.4 pct yr/yr in Q1
Mon, 20 May 2013
Mauritius's earnings from
tourism dropped 12.4 percent from a year earlier to 12.06
billion rupees ($386 million) in the first three months of this
year as the weak economic environment in Europe hurt visitors'
spending.
...read moreS. Africa’s Vodacom customer base nets 4.9 per cent rise
Mon, 20 May 2013
South Africa’s leading cellular network Vodacom Group Ltd delivered a solid performance this year with active customer base growing to 51.7 million; 1.4 million new subscribers were brought on board, the company CEO Shameel Joosub said....read moreEast African Breweries at a new high
Mon, 20 May 2013
East African Breweries is at a historic high of 400 shillings per share and looking very attractive at the moment, an analyst told CNBC Africa on Monday....read moreS.Africa's rand weaker near 4-year lows, bonds also under pressure
Mon, 20 May 2013
The rand hovered near a
4-year low against the dollar in early trade on Monday, levels
which could be tested again this week as labour tensions in
mining continues to unsettle investors....read moreS.Africa's Barloworld boosts H1 profit, Russia unit robust
Mon, 20 May 2013
South African industrial
group Barloworld Ltd boosted first-half profit by a
third on Thursday, as a solid results in its Russian mining
equipment business offset slack demand at home....read moreVideo
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