Top Business Stories
ABN Business Briefs
Thu, 23 Feb 2012
Exxaro's full year revenue climbed 24% to R21.3 billion, as higher selling prices across the group's commodities helped to increase the miner's top line. Headline earnings per share are up 40% to R20,98. South Africa's second largest coal producer experienced a decrease in coal volumes during the period, but the impact was softened by higher export sales at higher prices....read moreExxaro FY earnings up 40 pct on higher prices
Thu, 23 Feb 2012
South African
diversified miner Exxaro on Thursday reported a 40
percent rise in full-year profit, boosted by strong demand and
higher prices for the majority of its commodities and despite
negative currency effects....read moreS.Africa's Standard Bank sees FY profit up 22 pct
Thu, 23 Feb 2012
Standard Bank Group
Ltd, Africa's biggest lender by assets, said on
Thursday full-year profit probably rose as much as 22 percent,
largely in line with analysts' forecasts....read moreNigerian oil revenues fall on production outages
Thu, 23 Feb 2012
Nigeria earned gross crude
oil revenues of 666.32 billion naira ($4.24 billion) in January,
down from 892.70 billion in December owing to production
outages, the accountant general said on Wednesday....read moreKenya's NIC Bank 2011 profit up, eyes rights issue
Thu, 23 Feb 2012
Kenya's NIC Bank
on Thursday posted a 38 percent rise in full-year pretax profit
to 3.6 billion shillings ($43.48 million) and said it planned to
raise cash through a rights issue and would also expand in
neighbouring Uganda....read moreSouth Africa puts lid on spending; markets sceptical
Wed, 22 Feb 2012
Presenting South Africa's third budget of President Jacob Zuma's
administration, finance minister Pravin Gordhan said spending
would exceed revenues by 153 billion rand ($19.9 billion), or
4.6 percent of gross domestic product (GDP)....read moreEconet seeks $3.1 billion damages from Bharti Airtel
Wed, 22 Feb 2012
Econet Wireless is seeking
at least $3.1 billion in damages from Bharti Airtel in
a dispute over ownership of its subsidiary Airtel Nigeria,
according to a suit filed on Wednesday....read moreImplats says strike to cut April deliveries 50 pct
Wed, 22 Feb 2012
Impala
Platinum, the world's second-largest platinum producer,
has warned customers that its April platinum deliveries would be
down about 50 percent due to labour problems at its Rustenburg
mine....read moreZambia's GDP growth seen at 6.6 pct in 2012-poll
Wed, 22 Feb 2012
Zambia's economic
growth with hold up well this year and next as cashes in on high
copper prices through privatisation, bringing more machinery to
build the $13 billion economy through the mining sector....read moreSouth Africa's Gordhan sees narrower 2012/13 deficit
Wed, 22 Feb 2012
South Africa
projected a lower-than-expected 2012/13 budget deficit on
Wednesday, reassuring bond investors and ratings agencies that
the continent's biggest economy is keeping a lid on spending
despite huge social pressures and sluggish growth....read moreSouth Africa puts firm lid on spending
Wed, 22 Feb 2012
South Africa projected a
lower-than-expected 2012/13 budget deficit on Wednesday,
reassuring bond investors and ratings agencies that the
continent's biggest economy is keeping a lid on spending despite
huge social pressures and sluggish growth....read moreSouth Africa plans five new bonds to smooth maturity structure
Wed, 22 Feb 2012
South Africa will introduce
two new fixed income and three inflation-linked bonds in 2012/13
to smooth the maturity structure of its debt, the National
Treasury said on Wednesday....read moreSouth Africa cuts 2012 GDP forecast to 2.7 pct
Wed, 22 Feb 2012
South Africa cut its
2012 economic growth forecast to 2.7 percent on Wednesday from
an October projection of 3.4 percent, reflecting the impact on
the continent's biggest economy of a slowdown in Europe and the
United States....read moreSouth Africa to introduce carbon tax
Wed, 22 Feb 2012
South Africa is looking
to introduce a carbon tax next year to reduce harmful greenhouse
gas emissions, although nearly two-thirds of emissions will be
tax-exempt until 2020 to lessen the impact on industry, the
treasury said on Wednesday....read moreSouth African budget highlights
Wed, 22 Feb 2012
Highlights of the 2012/13 budget South African Finance
Minister Pravin Gordhan unveiled on Wednesday....read moreVideo
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