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Monday, September 21, 2020

Behind the scenes, Zimbabwe politicians plot post-Mugabe reforms

Joe Brock, Ed Cropley HARARE/JOHANNESBURG (Reuters) - In January, a photograph appeared in Zimbabwe’s media showing Vice President Emmerson Mnangagwa enjoying drinks with a friend. In his hand was a large novelty mug emblazoned with the words: “I‘M THE BOSS.” To supporters of President Robert Mugabe,...

Nonkanyiso Conco: ‘Yes‚ I am getting married to Jacob Zuma’

A 24-year-old Ballito woman is set to become former president Jacob Zuma’s seventh bride. Nonkanyiso Conco confirmed to TimesLIVE that she and the elder statesman were set to wed. “Yes‚ we are getting married‚ but that is all I can say. I need to consult before...

U.S. court lifts restraining orders affecting Congo Eurobond

ABIDJAN - A U.S. court has ordered the lifting of two restraining notices that had blocked a coupon payment on Congo Republic’s $363 million Eurobond amid a $1 billion legal dispute between the government and a construction firm, a court filing seen on Wednesday...

Woolworths partners Beyonce’s makeup artist in limited edition line

JOHANNESBURG (Reuters) - Woolworths Holdings has launched a limited edition makeup line in collaboration with Beyonce’s makeup artist Sir John on Thursday, seeking to strengthen its private label brand in its first international collaboration. The South African department chain has invested heavily, like its peers,...

Unilever strikes deal over SA spreads business

LONDON - Unilever and South African investment holding company Remgro on Friday announced a 11.9 billion rand ($901 million) deal that sees Unilever trade its spreads business in southern Africa for Remgro’s stake in its South African subsidiary. The Anglo-Dutch consumer goods maker said...

3 threats to doing business in Africa which CEOs are ‘extremely concerned’ about in 2019

Business Report Saturday, February 2,2019 It’s a reality thousands of chief executives are confronted daily and have to think on their feet and adapt accordingly. PwC’s 22nd Annual Global CEO Surveyed 1, 378 chief executives in more than 90 territories regarding the global business climate...

Top cocoa producers to create buffer stock to influence world prices

ABIDJAN - Ivory Coast and Ghana, the world’s top cocoa producers, plan to create a buffer stock of beans with the aim of exerting more influence over world prices, a senior Ivorian government official told Reuters on Thursday. The two West African neighbours produce...

Kenya Airways asks state to help it with growing competition

NAIROBI - Kenya Airways has started talks with the government, seeking its help in coping with competition from foreign carriers operating flights to its Nairobi hub, its chairman said on Thursday. The airline, part-owned by the state and Air France-KLM, is restructuring its finances...

Steinhoff expects Dutch court to reject JV partner petition, decision in two months

JOHANNESBURG - Steinhoff said it had presented its arguments to a Dutch court and was certain a petition made by a former joint venture partner, seeking a probe into the South African group’s accounts, would be dismissed within the next two months. The firm,...

Kenya interior minister dies in hospital

NAIROBI (Reuters) - Kenya's interior minister has died in hospital, the government said on Saturday, a month before the country is due to hold national elections. "It is with deep sorrow and shock that we announce the sudden passing on of Interior CS Retired General...
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