Creator
Jaco Visser
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Allan Gray invests in Zimbabwean beer and cellphones
Despite Zimbabwe’s shrinking economy, Allan Gray is upping its stakes in the Zimbabwean sorghum beer and mobile phone markets.
African Bank downgrade doesn’t mean a redemption for bondholders, says CFO
African Bank says holders of its debt cannot ask for an early repayment of its bonds, despite being downgraded to "junk" status last week.
Hedge fund shorts African Bank shares
A major hedge fund is shorting shares in the unsecured lender in expectation of further declines.
Uganda punished in currency market for anti-gay law
Aid for Uganda has been pulled and its currecy has slumped following a bill which prescribes life imprisonment for some homsexual acts.
Coronation fund adds Northam as Investec dumps it
The strike-hit miner has fallen out of favour with Investec Assest Management but Coronation Fund Managers like the prospects of the platinunm sector.
Nigeria’s naira drops as investor flows reduce
The central bank of Nigeria has felt the effects of its decison to relax the weekly limit on trading in dollars.
Africa’s richest man Dangote mulls buying Nigeria oil fields
Multi-billionaire Nigerian Aliko Dangote is considering buying Nigerian oil and gas fields from multinationals looking to sell.
Ecobank whistleblower Do Rogo steps down
The director who reported alleged fraud by executives at Ecobank has left the pan-African financial institution.
Rand weakens to a five-year low after China manufacturing data
The rand was one of the worst performing major currencies as demand for China’s manufactured goods declined.
Solar boom boosts South African salaries
Renewables projects have provided new jobs with higher salaries and brought new economic activity into the Northern Cape.
JSE appoints Nyembezi-Heita as new chair
ArcelorMittal boss Nonkululeko Nyembezi-Heita will replace Humphrey Borkum in 2014, the Johannesburg Stock Exchange has said.
South African business to close for Mandela’s funeral
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
FirstRand eyes Nigeria’s Mainstreet, Keystone banks
FirstRand bank has shown interest in buying three banks from Nigeria’s Asset Management, including Mainstreet and Keystone.
SA retail stocks advance for second month
South African retail stocks have risen for a second month, on speculation that the US Federal Reserve will maintain stimulus.
Famous Brands’s stocks rise after buying stakes in Nigerian company
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.