Edition:
United States

Emma Rumney

South African court impounds Tanzanian plane in compensation case: lawyer

Aug 24 2019

DAR ES SALAAM/JOHANNESBURG South African authorities impounded an Airbus 220-300 aircraft leased by Tanzania's national flag carrier following a court application by a retired farmer who is owed compensation by the Tanzanian government, the farmer's lawyer said.

UPDATE 3-Old Mutual sacks Moyo again, tries to reassure shareholders

Aug 22 2019

JOHANNESBURG, Aug 22 South African insurer Old Mutual sacked its former chief executive for a second time on Thursday and said it would continue to fight his attempts to get reinstated, despite a court ruling overturning his original dismissal.

UPDATE 2-Absa's profit rise clouded by mixed results underneath

Aug 13 2019

* H1 headline earnings per share 918.4 cents vs 877.8 last year

UPDATE 4-Standard Bank to look at West Africa expansion

Aug 08 2019

* Plans sale of 20% stake in ICBC Argentina (Updates CEO comments, adds detail)

Pact is reached in Mozambique but prospects for peace still uncertain

Aug 06 2019

MAPUTO/JOHANNESBURG With a handshake and a hug, Mozambique's leaders hoped on Tuesday to close the book on a decades-long conflict. But an election in October and new causes of violence mean lasting peace is far from assured.

Nedbank demands action on economy as South African profit stagnates

Aug 06 2019

JOHANNESBURG Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.

UPDATE 2-Nedbank demands action on ecomomy as South African profit stagnates

Aug 06 2019

JOHANNESBURG, Aug 6 Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.

RPT-UPDATE 1-Old Mutual's fired boss turns up for work after court ruling

Jul 31 2019

JOHANNESBURG, July 31 South African insurer Old Mutual's fired boss Peter Moyo turned up for work on Wednesday after a court ruled in favour of his reinstatement, and was allowed into the company's Johannesburg offices but not permitted to resume his duties.

In South African townships, 'unseen' businesses catch a big bank's eye

Jul 31 2019

JOHANNESBURG - Among the metal shacks and narrow side streets of South Africa's townships, one of the country's biggest lenders sees a sizeable market it wants to be first to crack: multi-million-rand businesses operating largely in cash.

South Africa's Ramaphosa seeks review of 'flawed' graft watchdog report

Jul 21 2019

JOHANNESBURG South African President Cyril Ramaphosa on Sunday said he will seek an urgent judicial review of what he described as an irretrievably flawed report in which the country's graft watchdog said he misled parliament over a campaign donation.

World News