French petroleum giant eyes South African oil
TotalEnergies is planning a fresh drilling campaign offshore South Africa in a vast basin that includes major oil discoveries in neighbouring Namibia.
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Big win for the most valuable company in South Africa
Prosus’ planned €4.1 billion ($85 billion) takeover of Just Eat Takeaway.com has won conditional approval from the European Union, after the Dutch food delivery firm agreed to reduce its stake in another rival to allay competition concerns.
Read MoreMajor retailer opening new stores across South Africa
Homeware retailer Homechoice continues to expand its showrooms, rolling out the brand across the country under its parent company’s new name, Weaver Fintech.
Read MoreThe new bank taking over South Africa
Retail group Pick n Pay has announced that it now offers its bank at till services for all major banks in South Africa, with a ‘branch’ network extending to 1,400 stores.
Read MoreMajor international companies leaving South Africa
South Africa is seeing a host of international companies shut down or downsize their local operations.
Read MoreBig trouble for Mercedes and BMW in South Africa
Mahindra is boosting capacity at its South Africa plant by two-thirds as India’s largest automaker by value seeks to capitalize on the demand for lower-cost vehicles in the continent’s biggest economy.
Read MoreGreat news for Standard Bank customers in South Africa
Home Affairs Minister Leon Schreiber has announced that Standard Bank has joined FNB and Capitec in the department’s next Smart ID and passport rollout in South Africa.
Read MoreAfrican Markets – Factors to watch on Aug 11
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
Read MorePan-African lender Ecobank optimistic about second half, CEO says
Pan-African lender Ecobank is “optimistic” about the prospects for its second half performance, its chief executive said, as long as there are no further U.S. tariffs or other global shocks.
Read MoreMore sun needed to boost Ivory Coast cocoa main crop, farmers say
More sunny spells across most of Ivory Coast’s cocoa-growing regions will help to boost development of the next October-to-March main crop, farmers said on Monday, adding that cold weather continued last week with below-average rainfall.
Read MoreSouth African coalition party says US trade deal may hinge on race policies
The second biggest party in South Africa’s ruling coalition thinks the 30% tariff Donald Trump imposed on its exports to the U.S. will stay unless the government changes some domestic race policies such as affirmative action, its leader said on Monday.
Read MoreAfrican Development Bank to lead efforts to raise $7.8 bln for new Ethiopian airport
The African Development Bank will take the lead in helping to raise $7.8 billion for a new airport in Ethiopia, the bank said.
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