Wednesday, 28th July 2021


Articles related to business

South Africa’s biggest bank sends out earnings warning as unsecured loans bite

Financial services group and Africa’s biggest lender by assets, Standard Bank warned on Wednesday (3 March) that it expects to report a substantial decline in earnings for the year ended December 2020 as it struggles with unsecured loans.

The lender said it expects headline earnings per share to be between 40% and 50% lower, while earnings per…

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Zonin expands range to South Africa

Italian wine group Zonin has added two new South African wines to its portfolio featuring a Sauvignon Blanc and a Shiraz from the very southernmost tip of Africa.

Dubbed ‘Land’s End’, the two wines bear the Wine of Origin label ‘Cape South Coast’ but the fruit is predominantly sourced from the Cape Agulhas Wine Triangle, an emerging cool climate…

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Angola moves to seize Dos Santos-linked asset in Dutch court

Angola has asked a Dutch court to hand over a half-billion-dollar stake in the Portuguese oil company Galp linked to ex-first daughter Isabel Dos Santos, its lawyers told Reuters. 

Angola's government says top officials under former president Jose Eduardo dos Santos took advantage of high oil prices in the last decade to spin a global web of…

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Botswana to repatriate elephants to Angola to reduce overpopulation

Botswana, home to nearly half of Africa’s wild elephants, is preparing to repatriate thousands of the giant mammals to neighboring Angola to reduce overpopulation and conflict with farmers.

The country is home to more than 130,000 elephants, the world’s largest population in the wild.

But tens of thousands are refugees from Angola’s decades-long…

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AR to set up labour union

THE Affirmative Repositioning (AR) movement plans to establish a labour union to liberate Namibian workers in the public sector from reactionary and co-opted unions.

This was revealed by AR leader Job Amupanda as part of the movement's agenda for 2021 released last week.
Amupanda said the union, to be known as the Revolutionary Union, would strive…

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South African banks set to extend Covid-19 loans to January 2021

South African banks are likely to extend loans totalling up to R24.41 billion rand to enterprises until January 2021 under the government’s loan guarantee scheme, the Banking Association of South Africa (Basa) said.

Banks have so far loaned R16.71 billion under the scheme, which was launched by the government in May under a coronavirus relief…

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