Africa is keeping investors on their toes with forecasts far from being true to their word. The inherent volatility and instability of African markets...
Ryan Bax 1 Dec 2016
South African steel production rose 2.3% year on year (y/y) in June to an estimated 530,000 tons, according to the World Steel Association...
24 Jul 2015
Famous Brands, which owns Steers‚ Wimpy and Debonairs, plans to open 243 new restaurants in the coming year after reporting record turnover and profit for the year. It is also planning to enter Angola and Ghana.
Zeenat Moorad 20 May 2014
As Ford's only manufacturing operation in the Middle East and Africa‚ Ford Southern Africa is in pole position to benefit from the group's decision to intensify marketing and production in sub-Saharan Africa‚ says Stephen Odell‚ president of Ford's European‚ Middle East and African operations.
David Furlonger 11 Apr 2014
Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August.
29 Oct 2013
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
Zeenat Moorad 16 Sep 2013
NEW YORK CITY, USA: US car company General Motors said on Monday (19 August) it had reopened its office and factory in Egypt after shutting both down last week as violence swept the country leaving hundreds dead.
21 Aug 2013
To paraphrase from the iconic Star Trek, Africa is the "next (as opposed to the final) business frontier". And judging from exceptional recent economic growth, wealth in natural resources and sheer international business interest on the continent, it seems no-one has trouble believing this.
19 Aug 2013
While SA has been growing genetically modified (GM) crops for many years, resistance from across most of the continent is set to slow global plans to turn Africa into the world's breadbasket.
12 Aug 2013
Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.
9 Aug 2013
The World Bank committed a record US$14.7bn in its fiscal year to June to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.
1 Aug 2013
Unilever Global says Africa is its next growth market and has rolled out what it calls a sustainable living plan to the continent.
21 Jun 2013
Africa's oil and gas industry is poised for momentous growth despite regulatory and political challenges‚ according to a PricewaterhouseCoopers (PwC) report released on Wednesday (19 June)
20 Jun 2013
Expansion into Africa by the world's biggest law firms gathered steam on Monday (3 June) with the official tie-up between Norton Rose and Fulbright & Jaworski to form Norton Rose Fulbright.
4 Jun 2013
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.
3 Jun 2013