Saturday, 30th May 2020


Articles related to business

MTN South Sudan gets boost as hopes rise that war is ending

The MTN Group's [JSE:MTN] South Sudan unit said it’s investing at least $30m in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country.

Reviving transmission sites, upgrading to 3G and adding new coverage - they’re all planned by MTN South Sudan, one of the two remaining…

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South Africa's MTN aims to expand local shareholding of its Ugandan unit to 20 pct - CEO

MTN Group’s Uganda unit is looking to boost local shareholding to 20 percent from 4 percent this year, the South African telecoms giant’s Chief Executive Robert Shuter said.

The move to expand local ownership appears a bow to pressure from Ugandan President Yoweri Museveni who has said he would like the firm to list on the local bourse so some of…

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Africa's richest woman to be ousted at Angola telecoms company

Africa’s richest woman is set to be ousted from the helm of Angola’s biggest telecommunications company as shareholders meet Tuesday to discuss corporate governance in the wake of legal action by one of its biggest investors.

The meeting at Unitel SA, whose chairwoman Isabel dos Santos owns 25%, comes after an arbitration court ruled that Brazilian…

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South African business confidence falls to five-month low in February

South Africa’s business confidence deteriorated in February, falling to 93.4 from 95.1 in January, the South African Chamber of Commerce and Industry (SACCI) said on Wednesday — the index’s lowest level since September.

Confidence in Africa’s most industrialised economy has been strangled by policy and political uncertainty, with investors…

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South Africa's rand weakens on continued rolling power cuts

South Africa’s rand weakened slightly early on Monday as continued rolling power cuts from the state-owned power utility weighed on market sentiment ahead of local and international economic data due later in the week.

At 0628 GMT, the rand traded at 14.4375 versus the dollar, 0.33 percent weaker than its New York close on Friday. 

Eskom said it…

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South African rand firms as U.S.-China trade optimism boosts risk appetite

South Africa’s rand firmed against the dollar in early trade on Monday as risk appetite improved on signs the United States and China were close to striking a tariff deal to end their protracted trade war. 

At 0604 GMT, the rand traded at 14.1650 per dollar, 0.46 percent firmer than its close of 14.2300 on Friday. 

U.S.-China trade deal appears to…

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