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Christo Wiese resigns as Steinhoff chairman
Christo Wiese resigns as Steinhoff chairman

South African billionaire, Christo Wiese, has resigned as chairperson of Steinhoff's supervisory board in the midst of an accounting scandal...

16 hours ago

Photo: TimesLive
If convicted, directors could be fined R1m each or be imprisoned for 10 years

Embattled Steinhoff executives face hefty prison sentences and fines if allegations of multibillion-dollar accounting fraud are proven true...

By Graeme Hosken and Katharine Child 2 days ago

Naspers makes cutting its stock's discount a priority
Naspers makes cutting its stock's discount a priority

Naspers was taking measures to reduce its stock's significant discount to fair value, largely the result of capital outflows from SA, CEO Bob van Dijk told investors in New York on Tuesday...

By Nick Hedley 2 days ago

Photo: M-Kopa
Off-grid power goes mainstream for financing

Since a large portion of Africa's population lives in remote areas, receiving power from the grid could still be decades away...

2 days ago

New breed of leaders wanted throughout Africa to harness impact investment
New breed of leaders wanted throughout Africa to harness impact investment

The hunt for professionals who can successfully lead and grow companies with a dual mandate of economic and social returns is on throughout Africa...

2 days ago

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Investors turn against fossil fuels at Paris climate summit

Major investors vowed Tuesday, 12 December, to move away from Earth-warming fossil fuels as world leaders met in Paris seeking to unlock new cash to save humanity from climate "doom"...

2 days ago

Beanie Babies. Photo: Our Pastimes
Blowing bubbles: Boom and bust from bulbs to Bitcoin

TOKYO, Japan: Virtual currency Bitcoin - or "digital gold" to its fans - has enjoyed a gravity-defying rise along with wild price swings, sparking fears it could be the latest financial market "bubble."...

3 days ago

The fate of sterling hinges on the upcoming Brexit discussions
The fate of sterling hinges on the upcoming Brexit discussions

Several major issues remain with the Brexit impasse, notably the Irish border, the rights of EU nationals living in the UK, and pension payments made by the UK to EU nationals...

By Boris Dzhingarov, Issued by Monetary Library 11 Dec 2017

More than just beaches and sunshine, Mauritius is investment friendly too
More than just beaches and sunshine, Mauritius is investment friendly too

Mauritius may be perceived as the island of sugar cane and beaches, but since independence in 1968, this African country has focused its attention on innovation and development to create an investor friendly environment...

11 Dec 2017

Australia bourse to use blockchain in 'world-first'
Australia bourse to use blockchain in 'world-first'

SYDNEY, Australia: Australia's main stock exchange has said it will use blockchain, the technology behind cryptocurrency bitcoin, to process its equities transactions in a shift touted as a world-first for a major financial institution...

11 Dec 2017

To save climate, stop investing in fossil fuels: economists
To save climate, stop investing in fossil fuels: economists

The development of oil, gas and coal energy must stop in order to avoid the worst ravages of global warming, 80 top economists said Thursday, 7 December, days ahead of a climate summit in Paris...

8 Dec 2017

Bitcoin surges past $15,000 for first time as concerns mount
Bitcoin surges past $15,000 for first time as concerns mount

LONDON - Bitcoin ploughed past $15,000 to a fresh record on Thursday, triggering a warning the cryptocurrency was "like a charging train with no brakes" and prompting fresh concern about its looming launch on mainstream markets...

8 Dec 2017

Vera Songwe, European Union Economic Commission for Africa’s executive secretary
Africa needs energy to grow

Africa's underdeveloped energy infrastructure and growing demand could be the catalyst to attract private sector investment and thereby actually fast-track energy development...

7 Dec 2017

Ag not confident about business conditions
Ag not confident about business conditions

The Agbiz/IDC Agribusiness Confidence Index declined by five points to 49 in the fourth quarter of 2017. This essentially means agribusinesses are downbeat about business conditions in the country...

5 Dec 2017

SRK's Andrew van Zyl and Marcin Wertz
Mining in Africa: Take a calculated risk

According to the latest World Risk Report, "Africa narrowly avoided the wooden spoon as the riskiest major region"...

5 Dec 2017

Gerry Rice, International Monetary Fund. Photo: IMF
Zimbabwe will need international effort to restore economy: IMF

WASHINGTON - It will take a major international effort to restore Zimbabwe's battered economy, and the International Monetary Fund is prepared to help, a fund spokesman said...

4 Dec 2017

Report: Governments own most African infrastructure projects
Report: Governments own most African infrastructure projects

Governments remain the single largest developers of infrastructure projects - a common thread emanating from the 2017 edition of the Deloitte Africa Construction Trends Report...

29 Nov 2017

Nova board agrees to fairness opinion
Nova board agrees to fairness opinion

The directors of Nova Property Group, which arose from the failed Sharemax scheme, have agreed to seek an independent "fairness opinion" on the structure of their proposal to list the group's portfolio on the JSE...

By Hanna Ziady 27 Nov 2017

Cape Town's 20 most affordable suburbs
Cape Town's 20 most affordable suburbs

Want to know where you can still find value in Cape Town's property market? These are the suburbs with the lowest asking prices...

Issued by Private Property 23 Nov 2017

SA and region face debt struggle, warns Moody's
SA and region face debt struggle, warns Moody's

SA and its neighbours in sub-Saharan Africa might struggle to borrow just as most of the region's international debt matured in the next decade...

23 Nov 2017

Khezi Tiya, head, oil and gas South Africa, for Standard Bank.
Oil and gas are potential game-changers for economic growth

With the MPRDA and the IER plan rumbling along, South Africa is set to leverage its largely unexplored and underdeveloped oil and gas sector to reignite economic growth

23 Nov 2017

Noor Kapdi, Africa chief executive officer & South Africa managing partner at Dentons law firm
Energy + investment = economic growth

Despite all the talk about nuclear builds, renewables and fracking, the local energy sector will remain static until regulatory and political stability return...

22 Nov 2017

Mediclinic calls quits on Spire takeover
Mediclinic calls quits on Spire takeover

Mediclinic International on Monday morning halted its takeover bid for its London-listed associate Spire Healthcare...

By Robert Laing 21 Nov 2017

Why hedges fund asset growth is declining
Why hedges fund asset growth is declining

While more than 90% of industry assets have successfully transitioned into the regulated space, hedge fund industry assets under management (AUM) decreased by 9.1% year-on-year.

20 Nov 2017

Strengthening of trade, investment ties at Africa ASEAN Business Expo
Strengthening of trade, investment ties at Africa ASEAN Business Expo

A delegation from South Africa's Black Business Council recently held talks in Johannesburg with business leaders from Singapore and Malaysia on potential investment...

16 Nov 2017

Township and rural economies to change the development narrative
Township and rural economies to change the development narrative

The face of township and rural economies where unemployment, poverty and inequality are still rampant is fast changing, thanks to a successful public-private partnership which recognises the potential for emerging enterprises to contribute towards job creation and the mainstream economy.

Issued by Ithala Development Finance Corporation 15 Nov 2017

Green finance? Why global banks are pledging billions to fight climate change
Green finance? Why global banks are pledging billions to fight climate change

Banking giant HSBC has pledged $100bn (£76bn) to "fight climate change", to be spent on sustainable finance and investment over the next eight years...

By Simon Wilde 14 Nov 2017

EthioChicken produces highly fertile, disease-resistant chickens and sells them to farmers at affordable prices. (Image: WikiCommons)
#AgriIndaba: Acumen and instinct in African agribusiness

Acumen's first agricultural investments were focused on solutions that improved yields by providing quality inputs to the farmers. In the light of new challenges facing small farmers, it has evolved its strategy...

13 Nov 2017

#AgriIndaba: Meeting the challenges of investing in sub-Saharan agriculture
#AgriIndaba: Meeting the challenges of investing in sub-Saharan agriculture

Without investment in early-stage development or primary production, the African agricultural sector cannot advance, commercial value chains will not materialise and mainstream investment potential will be lost...

10 Nov 2017

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