Edition:
United States

Tanisha Heiberg

UPDATE 2-South Africa's Sasol delays results due to U.S. project glitch

Aug 16 2019

* Shares fall to more than 10 year low (Adds Sasol comment, updates share price)

African cattle investing - the new cash cow?

Jul 30 2019

JOHANNESBURG/VRYHEID, South Africa Cattle have long been considered a measure of wealth across Africa - but it is not just farmers cashing in. | Video

South African court blocks Zambian plan to sell Vedanta copper mine

Jul 23 2019

JOHANNESBURG/LUSAKA South Africa's High Court on Tuesday has ordered the Zambian government to halt the sale of Vedanta Resources's majority-owned Konkola Copper Mines (KCM) until a final decision is made through arbitration.

UPDATE 2-Amplats H1 earnings jump but warns against unsustainable wage hikes

Jul 22 2019

JOHANNESBURG, July 22 Anglo American Platinum (Amplats) on Monday reported half-year earnings more than doubling, boosted by higher metals prices, but warned it could not give unsustainable increases as sector wage talks continued.

PepsiCo to buy South Africa's Pioneer Food for $1.7 billion

Jul 19 2019

JOHANNESBURG PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions.

S.Africa's mines, energy minister says all options open for future power supply

Jun 04 2019

JOHANNESBURG, June 4 South Africa's mines and energy minister said the country is mulling all options from coal to renewables to nuclear power as part of its future energy mix, as Africa's most industrialised economy battles a power crisis.

South Africa's Ramaphosa retains Mboweni, Gordhan in new, leaner cabinet

May 30 2019

PRETORIA/JOHANNESBURG South Africa's President Cyril Ramaphosa on Wednesday retained Tito Mboweni as finance minister in a new, leaner cabinet, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors. | Video

Sibanye's $286 million Lonmin takeover gets all clear from shareholders

May 28 2019

JOHANNESBURG/LONDON Sibanye-Stillwater and Lonmin cleared the final hurdle to forming the world's second-largest platinum producer as their shareholders approved the South African firm's 226 million pound ($286 million)takeover of its London-listed rival.

UPDATE 2-Divisions emerge as South African central bank holds rates, cuts growth outlook

May 23 2019

* Cuts 2019 growth outlook again (Adds further details, new MPC member, Eskom)

Sasol raises cost estimate for U.S. plant by around $1 billion

May 22 2019

JOHANNESBURG Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its shares more than 10% lower.

World News

Iran tanker heads to Greece, U.S. warns against helping vessel

An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel.