* Prosus revenue increased 53% to $2.17 bln
(Adds details from media call)
JOHANNESBURG South Africa's finance ministry said on Saturday credit ratings downgrades by Moody's and Fitch would increase the country's borrowing costs and constrain its fiscal options.
JOHANNESBURG A top official in South Africa's governing African National Congress was granted bail on Friday, in a graft case that has highlighted divisions within a party whose dominance has been unchallenged since the 1994 end of white-minority rule.
* To bring back TRESemmé products on new terms
(Adds CEO comments)
JOHANNESBURG, Oct 1 Traffic through South
Africa's main airport was minimal on Thursday despite
international flights resuming after a six-month ban, with
last-minute government curbs leaving many would-be tourists
unable to enter the country.
JOHANNESBURG, Sept 23 South Africa is set see a
wave of equity fundraising as banks' capacity to lend is under
strain from rising bad debts just as corporations are in need of
funds to cope with fallout from the coronavirus pandemic.
JOHANNESBURG, Sept 18 South Africa's stock
market corrected sharply during the week after a strong open on
Monday as poor retail sales data and a host of bleak company
outlooks added to the effects of weaker commodity prices and
quarter-end profit taking.
JOHANNESBURG Steel producer ArcelorMittal South Africa has declared force majeure after a breakdown of a blast furnace at its Newcastle Works in KwaZulu-Natal province, it said on Wednesday.
JOHANNESBURG In the latest wave of panic-buying triggered by the COVID-19 pandemic, South African smokers on Tuesday snapped up all the cigarettes they could lay their hands on after the lifting of a five-month ban designed to curb the spread of the coronavirus.
JOHANNESBURG South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.