[Nick Hedley] The Nigerian hotel market is experiencing a corporate travel boom and although a difficult market to operate in, it offers attractive opportunities for major operators, according to a report released by professional services firm PwC.
18 Jun 2013 07:43
[Helmo Preuss] 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.
14 Jun 2013 07:54
[Nick Hedley] The Billion Group, a property developer that is also the asset manager of JSE-listed Rebosis Property Fund, has several significant developments underway in SA, and is simultaneously targeting retail developments on the rest of the continent, which may eventually be listed separately.
11 Jun 2013 08:22
[Zeenat Moorad] 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.
10 Jun 2013 11:39
[Nicky Smith] 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)
5 Jun 2013 10:54
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 10:12
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 10:26
[Mark Allix] Rapid growth in the rest of Africa's markets led Nampak's results for the six months to March as the company reported an increase in trading profits of 39% and margins in Africa, excluding SA‚ rose to 15.9%.
30 May 2013 09:30
Telecommunications group MTN said on Tuesday (28 May) that the group had increased its subscriber base by 4% in the four months to April 30 to 197.4m mobile subscribers across its operations.
29 May 2013 08:31
[Mariam Isa] Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May).
28 May 2013 10:31
[Zeenat Moorad] Prospering from emerging markets such as Africa‚ SABMiller on Thursday (23 May) reported a 10% increase in group revenue to US$34.5bn for the year to March.
24 May 2013 07:51
Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
16 May 2013 08:38
The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).
14 May 2013 11:56
[Paul Vecchiatto] African governments should own at least a 50% of any new mining venture in order to ensure that the country gets more of the revenue from mining projects.
13 May 2013 14:21
[Helmo Preuss] Although structural impediments such as poor logistics render the search for new avenues of deeper intra-African trade challenging‚ there is an immediate and compelling growth potential in the trade of agricultural products‚ Standard Bank research analyst Simon Freemantle said last week.
22 Apr 2013 13:24
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