Africa news

South Africa’s financial watchdogs are gearing up to introduce a crypto regulation framework in the country. A report unveiled this news on June 14, citing a position paper published by the South African Intergovernmental FinTech Working Group (IFWG) via the Crypto Assets Regulatory Working Group (CAR WG). IFWG outlined a…

Anglo American Platinum Ltd. (JSE: AMS) said on Monday that its basic earnings jumped 64% in 2020. The company also expressed confidence that production will recover to levels seen before the Coronavirus pandemic later this year. Anglo American Platinum opened at £85.70 per share on Monday and closed the…

Groupon Inc. (NASDAQ: GRPN) said on Thursday that its financial results for the second quarter came in stronger than what the experts had forecast. Shares of the company closed the regular session about 0.5% down on Thursday but rallied roughly 30% in extended trading. Previously, the company had announced…

The largest telecommunications company in France, Orange SA, is planning to issue an initial public offering (IPO) this year. Sources familiar with the undertaking said that the French phone giant had selected Morgan Stanley and BNP Paribus as its advisors for its Africa and Middle East business IPO.The…

Activities to start in first quarter of 2019

Google shares closed higher Thursday as the tech giant announced a new AI centre in Ghana and updated Ad settings options.

Lender poised to offload big chunk of division

Group continues reshaping portfolio

FTSE 100 group wants to reduce holding in Barclays Africa to below 20 percent

Fund manager looks to ensure bank comes under control of South Africans

Shore Capital remains bullish on group after Q1 update

Group would consider offer for its entire stake in unit

Drugmaker wants 10 percent annual increase in sales to the continent

Company interested in Botswana and Namibia

Approval process in country may take up to 18 months

Lender plans to trim its 62% stake in Barclays Africa as part of new CEO strategy

Miner may see legal action over severance packages

Capensis with aim to produce the ‘best Chardonnay from South Africa’

SA’s 2014 vintage was “tight, austere and European”

Group ramps up production to meet targets after wildcat strike

Investors brace for slump in profits as miner releases full-year figures tomorrow

Miner shortlists 10 possible buyers for its Union mine in South Africa