David Dolan

SA spaza shops struggle under large retailers

Spazas are a major component of the informal economy, but big retailers' push into townships to target rising consumer spending is setting them back.

Government’s dithering strike response spooks investors

Wildcat strikes in the platinum belt have entered a sixth week with no resolution in sight and investors are beginning to grow concerned.

Africa: The place to be for booming private equity

More private equity investors are flocking to Africa, drawn by the prospect of outsize returns due to the continent's stunning potential.

MTN shares slide amid bribery scandal

Shares in MTN Group have slid after rival Turkcell filed a lawsuit against the mobile operator, alleging it bribed officials to win an Iranian bid.

Absa falls in line with Barclays structure

Absa Group says it would merge its business and retail banking units, a similar move done by Barclays this year.

Standard Bank profit drops on weak demand

Standard Bank reported its third straight decline in annual profit on slack demand for loans and said it owuld continue to keep a lid on costs.

Absa tops consensus as bad debts fall

Absa, the SA bank majority owned by Barclays, surpassed market expectations with a slight upturn in full-year earnings on Tuesday.

FirstRand full-year profit rises

South African bank FirstRand posted a 34% rise in full-year profit, helped by a recovery in bad debts and investment banking.

HSBC in talks for 70% of Nedbank

HSBC is in talks to buy up to 70% of Nedbank in a potential $6,8-billion deal that would give it a broader gateway to fast-growing Africa.

Dubai debt delays revive fear of financial crisis

Investors recoiled from risky assets on Friday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the crisis.

Man knifes shoppers in Tokyo, at least four dead

A man drove a truck into a crowd of pedestrians in a popular Tokyo shopping district and then went on a stabbing rampage on Sunday.

Citigroup up in Tokyo debut after CEO quits

Shares of Citigroup rose 5% in their debut on the Tokyo bourse on Monday, a day after the United States bank's head resigned to take responsibility for spiralling losses on subprime-related investments. Charles Prince stepped down after four years as Citigroup's chief on Sunday after the bank said it may suffer an -billion write-down for subprime losses.

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