Asia-Pacific region drives Aspen's revenue growth

[Tamar Kahn] SA's biggest drug manufacturer Aspen Pharmacare expects its Asia-Pacific business to generate the biggest share of the company's revenue by the end of the year‚ its chief executive Stephen Saad said at the release of its interim results for the six months to December. 8 Mar 2013 08:25

ARM looking to buy distressed mines

[Allan Seccombe] African Rainbow Minerals (ARM) is looking for opportunities in distressed mineral sectors such as platinum‚ while also casting an eye over the South African manganese mining business for growth. 27 Feb 2013 08:07

Mobile money could encourage savings

[Helmo Preuss] Research in northern Ghana funded by SWIFT (Society for Worldwide Interbank Financial Telecommunication) showed that mobile money can help foster a savings culture and address financial exclusion. 27 Feb 2013 07:33

Nampak optimistic over Africa growth

Packaging conglomerate Nampak's share price has stuck fairly close to its 12-month high in spite of increasing evidence of tempered consumer demand for fast-moving consumer goods. 25 Feb 2013 10:12

Chinese companies not favoured in Botswana

[Nicholas Kotch] If Ian Khama has any say in the matter‚ and he most certainly shall‚ Chinese companies may not be collecting many more government contracts in Botswana in the near future. 20 Feb 2013 10:49

Shoprite plans 136 new stores in Africa

[Zeenat Moorad] Shoprite Holdings is steamrolling ahead with its African expansion - the retailer has 136 stores in the pipeline as it eyes fast growing oil-rich markets like Nigeria and Angola. 20 Feb 2013 07:43

Sanlam's sub-Saharan fund launches soon

[Nick Hedley] Financial services group Sanlam is due to launch its sub-Saharan Africa Real Estate Fund at the end of March‚ which it intends to list on the Stock Exchange of Mauritius. 12 Feb 2013 08:42

MoneyGram remittance costs are just 5%

MoneyGram remittance costs are 5% or less depending on the size of the transaction‚ MoneyGram's Vice President for Africa Hervé Chomel told a media roundtable on Thursday (7 February). 8 Feb 2013 10:45

Rainbow Chicken tickles investors' taste buds

A new-look Rainbow Chicken is taking shape amid enthusiasm from investors who have boosted its share price by a third since November. Driving the change is Rainbow's R1bn acquisition of Foodcorp and a R3,9bn rights issue, setting the scene for more positive developments. 4 Feb 2013 08:12

Africa's remittance costs too high says World Bank

Bringing remittance prices down to 5% from the current 12.4% average cost would put US$4bn more in the pockets of Africa's migrants and their families who rely on remittances for survival‚ the World Bank said on Monday (28 January). 29 Jan 2013 15:18

Opportunities open up for SA drug companies

[Tamar Khan] Sub-Saharan Africa offers significant opportunities for SA's pharmaceutical manufacturing companies‚ as a growing middle class and an increasing disease burden push up demand for medicines‚ according to research by Frost & Sullivan. 17 Jan 2013 10:13

FirstRand gets credit line of US$300m

[Sure Kamhunga] FirstRand has received a US$300m seven-year multi-currency credit line from the African Development Bank (AfDB) to on-lend to clients in their local currencies in several markets in Africa. 14 Dec 2012 11:18

Gemfields in search for more rubies

AIM-listed Gemfields announced on Friday (7 December) that it has entered into a conditional agreement to acquire a controlling interest in an additional ruby deposit located adjacent to the company's Montepuez ruby mine‚ in the Montepuez district of the Cabo Delgado province in Mozambique. 10 Dec 2012 09:18