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UPDATE 3-South Africa's MTN to exit Middle East to focus on Africa

Aug 06 2020

* H1 HEPS more than double, beat analyst estimates (Adds Jumia sale plans, fresh CEO quote)

South Africa's MTN to exit Middle East to focus on Africa

Aug 06 2020

JOHANNESBURG South African mobile operator MTN Group will exit the Middle East in the medium term, it said on Thursday, starting with the sale of its 75% stake in MTN Syria, as part of plans to focus on Africa.

South Africa's Shoprite to close another store in Kenya, 115 jobs to go

Aug 05 2020

JOHANNESBURG South Africa's Shoprite Holdings will lay off 115 staff and close another Kenyan store, less than a year after its opening as part of the supermarket's expansion into the east African country, a letter seen by Reuters shows and the company confirmed.

MTN Group CEO Shuter to head BT's enterprise unit

Jul 31 2020

JOHANNESBURG The chief executive officer of South Africa's MTN Group , Rob Shuter, has been appointed to head the enterprise unit of British broadband and mobile operator BT from next year, the two firms said on Friday.

Vodacom first-quarter revenue rises on strong data demand during lockdown

Jul 23 2020

JOHANNESBURG South African mobile operator Vodacom Group Ltd on Thursday reported a 7.6% rise in first-quarter group service revenue, buoyed by strong demand for voice, data and financial services in its domestic market during the coronavirus lockdown.

South African restaurants plead for end to 'job-killing' restrictions

Jul 22 2020

JOHANNESBURG Thousands of South African restaurant and bar owners placed tables and chairs on the streets outside their premises on Wednesday in a nationwide protest against lockdown restrictions that prevent them from selling alcohol or trading after 9 p.m.

South African e-commerce is a COVID-fired market of risk and reward

Jul 15 2020

JOHANNESBURG Like many of her compatriots, Kubashnee Moodley made her first foray into online shopping during South Africa's coronavirus lockdown. She is not a satisfied customer. | Video

South African retail group TFG to buy Jet assets from Edcon

Jul 13 2020

JOHANNESBURG The Foschini Group (TFG) is set to buy 371 stores and selected assets of Jet for 480 million rand ($28.7 million) from Edcon's administrators, it said on Monday, allowing the South African retailer to expand into the budget apparel market.

UPDATE 2-South African retailer Mr Price pulls plug on Nigeria

Jun 25 2020

* See 300 million rand in cost savings (Recasts with Nigeria exit)

UPDATE 2-South Africa's Sun City owner gets Chilean offer for 50.1% stake

Jun 24 2020

* Sun International shares surge 22% (Adds quote, details about buyer, Sun's shareholder opposing deal)

World News