25 C
Lagos, South Africa and New York
Friday, July 10, 2020

Staff cuts weigh on profits at South Africa’s Pick n Pay

JOHANNESBURG (Reuters) - South African supermarket operator Pick n Pay reported a drop in half-year earnings after cutting jobs as part of an intensifying price battle with rivals in a stalling economy. Grocers in Africa’s most advanced economy, which include Shoprite and Woolworths, have been...

Malawi’s inflation slows to 8.4 percent in September

LILONGWE (Reuters) - Malawi’s consumer inflation slowed to 8.4 percent year-on-year in September from 9.3 percent in August, official data from the National Statistical Office showed on Saturday. The statistics office said a key contributor to slower price growth was a decline in both food...

UK anti-trust regulator investigates S.Africa’s Aspen Pharmacare

JOHANNESBURG (Reuters) - Britain’s competition regulator has launched an investigation into Africa’s biggest generic drug maker Aspen Pharmacare over alleged anticompetitive conduct in the supply of blood pressure and arthritis drugs, Aspen said on Friday. “The investigation is at an early, information-gathering stage and the...

‘Dangote Did Not Castigate JPM On Policy’

By The Citizen Reporter Dar es Salaam — Mr Aliko Dangote, a major investor in Tanzania's cement manufacturing industry, did not castigate Tanzania's investment policy, a statement released on Wednesday said. Mr Dangote was quoted by a Financial Times article on Monday as saying President John...

Ghana to keep cocoa farmer price unchanged for 2017/18 season: document

ACCRA (Reuters) - Ghana will keep the price it pays cocoa farmers unchanged at 7,600 cedis ($1,735) per tonne for the 2017/18 season, according to a statement obtained by Reuters that is to be read by the agriculture minister on Friday. Farmers inspect cocoa trees...

Tunisian trade deficit widens 23 pct in first nine months

TUNIS (Reuters) - Tunisia’s trade deficit widened 23 percent year on year in the first nine months to 11.480 billion dinars, the State Statistics Institute said on Thursday. The growing deficit is one of the main problems facing the government of Prime Minister Youssef Chahed. It has...

South Africa’s mining output up 6.9 percent y/y in August

JOHANNESBURG (Reuters) - Statistics South Africa released its monthly mining production data for August on Thursday. Year-on-year output percentage changes August July Gold 7.7 5.8 (revised) PGM 2.0 -4.1 (revised) Total Mining 6.9 1.9 (revised) Reporting by Tanisha Heiberg; Editing by Tiisetso Motsoeneng

South Africa to woo investors at IMF meetings

Mfuneko Toyana JOHANNESBURG (Reuters) - South Africa’s finance minister and central bank governor will head to Washington this weekend to meet ratings agencies and international investors in an effort to boost growth in an economy that is emerging from recession. South Africa's Finance Minister Malusi Gigaba...

Dangote: Bad policies scar investors away from Africa

oogle+ Calendar Web more Primary Africa: Dangote says “Sometimes it is just a matter of communication” N News Release - APO to News 1 day agoDetails If you cannot read that message click here. APO content is copyright free and can be republished at will. APO Group - Africa Newsroom FREE TO PUBLISH ARTICLE Dangote says “Sometimes...

South Africa’s Standard Bank weighs ties with McKinsey, SAP

JOHANNESBURG (Reuters) - South African lender Standard Bank is considering whether to cut ties with its IT software supplier Germany’s SAP and consultant McKinsey, it said on Friday. SAP and McKinsey, along with KPMG, are ensnared in an influence-peddling scandal involving the Gupta family, who...
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