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African fund eyes JSE

JSE investors will gain access to the dollar-based returns generated by shopping centres, offices, warehouses and hotels in countries such as Morocco, Mozambique, Kenya, Ghana and Nigeria when Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the market next month.

By Joan Muller

Zimbabwe takes heart from Antwerp trial sale of gems

Zimbabwe is planning a second auction of its Marange diamonds next February‚ buoyed by the interest in and sale of more than 279‚000 carats of diamonds in Antwerp‚ Belgium. The sale raked in US$10.7m.

By Ray Ndlovu

Barloworld plans Africa expansion

Barloworld is targeting six sectors to boost the growth of its business and is busy positioning itself "o expand into west and east Africa‚ according to company chief executive Clive Thomson.

By Nick Hedley

Luxury brands turn attention to Africa

Africa's growing middle class has expensive tastes and research by Bain & Company suggests that luxury goods sales will increase by 11% this year - demonstrating the continent's potential for upmarket goods.

By Zeenat Moorad

Distell sees cider as means to quench thirst for growth in Africa

After two major acquisitions in international cognac and whisky brands‚ Stellenbosch-based liquor group Distell will now be prioritising the global growth of its highly-profitable cider brands.

By Marc Hasenfuss

Africa fund heads for JSE

Three years ago only a handful of formal shopping centres exceeding 10,000m² were scattered across Africa north of SA's borders. And not a single JSE-listed property company had a presence on the continent.

By Joan Muller

Spur's earnings up 22.4% to 156.64c

Spur Corporation has reported a 22.4% rise in diluted headline earnings per share to 156.64c, up from 127.95c a year ago, for the year to June‚

Unilever says Africa is next growth market

Unilever Global says Africa is its next growth market and has rolled out what it calls a sustainable living plan to the continent.

Tourism growth outlook looks strong

Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.

By Helmo Preuss

Hotels moving in on Africa's potential

With limited opportunities for expansion in SA, a slew of hospitality companies are eyeing the rest of the continent, for future growth as there is an under-supply of quality hotels and upbeat economic prospects.

By Zeenat Moorad

Africa must implement open skies policy

Improving safety‚ cutting fuel taxes and liberalising regulation to allow for greater connectivity between African countries are some of the key issues that must be tackled to boost aviation on the continent‚ International Air Transport Association's chief executive Tony Tyler said on Tuesday, (4 June)

By Nicky Smith

Japan offers US$10bn to Africa

TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent.

Tsogo Sun spending US$100m in Africa

In line with its growth strategy‚ Tsogo Sun has announced an investment of US$100m to be used to expand the group's hotel network in Africa.

Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.

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