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Despite Zimbabwe’s shrinking economy, Allan Gray is upping its stakes in the Zimbabwean sorghum beer and mobile phone markets.
African Bank says holders of its debt cannot ask for an early repayment of its bonds, despite being downgraded to "junk" status last week.
A major hedge fund is shorting shares in the unsecured lender in expectation of further declines.
Aid for Uganda has been pulled and its currecy has slumped following a bill which prescribes life imprisonment for some homsexual acts.
The strike-hit miner has fallen out of favour with Investec Assest Management but Coronation Fund Managers like the prospects of the platinunm sector.
The central bank of Nigeria has felt the effects of its decison to relax the weekly limit on trading in dollars.
Multi-billionaire Nigerian Aliko Dangote is considering buying Nigerian oil and gas fields from multinationals looking to sell.
The director who reported alleged fraud by executives at Ecobank has left the pan-African financial institution.
The rand was one of the worst performing major currencies as demand for China’s manufactured goods declined.
Renewables projects have provided new jobs with higher salaries and brought new economic activity into the Northern Cape.
ArcelorMittal boss Nonkululeko Nyembezi-Heita will replace Humphrey Borkum in 2014, the Johannesburg Stock Exchange has said.
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
FirstRand bank has shown interest in buying three banks from Nigeria’s Asset Management, including Mainstreet and Keystone.
South African retail stocks have risen for a second month, on speculation that the US Federal Reserve will maintain stimulus.
Famous Brands, which owns chains such as Wimpy and Mugg & Bean, have risen the most in two weeks after buying a 49% stake in a Nigerian food company.
South Africa has sold $2-billion of 12-year bonds in overseas debt markets after boosting the size of the offering.
The rand has risen to the highest in more than three weeks after Chinese trade data beat forecasts.
Discovery stock fell more today than in the past four and a half years on expectations of an up to 10% decrease in profit on the year.
Food retailers are trading at the cheapest premium to the nation’s benchmark stocks index as economic factors curb their profit growth.
There is a growing appetite for well-made Nigerian films, but securing financing from a bank is near impossible.
