Business
Articles related to business
Nigeria oil unions threaten nationwide strike over Chevron dispute
- Details
- Published on Monday, 24 September 2018 10:12
- Written by editor
Nigeria’s two main oil unions have prepared their members for possible nationwide industrial action over a staffing dispute with Chevron, they said on Saturday.
Nigeria, an OPEC member, is Africa’s largest oil producer and crude sales make up around two-thirds of government revenues in West Africa’s largest economy. The dilapidated state of its…
White S.African workers protest against Sasol's black share scheme
- Details
- Published on Tuesday, 04 September 2018 09:50
- Written by editor
Workers from South Africa’s mainly-white Solidarity union staged a go-slow protest at the petrochemicals firm Sasol on Monday over a share scheme offered exclusively to black staff, and said they would begin a full strike on Thursday.
MTN CEO confident about Nigeria dispute as firm applies for injunction
- Details
- Published on Tuesday, 11 September 2018 10:20
- Written by editor
South African telecoms firm MTN Group said on Monday it was confident a multi-billion dollar dispute with the Nigerian government would be resolved even as it applied for a court injunction to protect its Nigerian assets.
South Africa scraps nuclear power expansion plans
- Details
- Published on Tuesday, 28 August 2018 10:30
- Written by editor
South Africa has cancelled plans to add 9,600 megawatts (MW) of nuclear power by 2030 and will instead aim to add more capacity in natural gas, wind and other energy sources, the energy minister announced on Monday.
In latest clash, Nigeria hands South Africa's MTN $2 billion tax bill
- Details
- Published on Wednesday, 05 September 2018 09:51
- Written by editor
MTN Group faces a $2 billion demand for taxes in Nigeria, the latest in a series of skirmishes with authorities in the South African mobile phone company’s most lucrative but increasingly problematic market.
South Africa's Shoprite posts surprise drop in annual profit
- Details
- Published on Tuesday, 21 August 2018 11:37
- Written by editor
South Africa’s Shoprite reported a surprise 3.8 percent fall in annual earnings on Tuesday, citing a currency devaluation in Angola and lacklustre trading in other markets abroad.