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Tiisetso Motsoeneng

Exclusive: Credit Suisse pulls out of South Africa in global shift - sources

Nov 07 2018

JOHANNESBURG Credit Suisse has pulled out of South Africa after more than a decade as part of chief executive Tidjane Thiam's bank-wide revamp, three sources with knowledge of the matter said.

EXCLUSIVE-Credit Suisse pulls out of South Africa in global shift -sources

Nov 07 2018

JOHANNESBURG, Nov 7 Credit Suisse has pulled out of South Africa after more than a decade as part of Chief Executive Tidjane Thiam's bank-wide revamp, three sources with knowledge of the matter said.

UPDATE 2-S.Africa's Sanlam to sell $583 mln stake to black investors, staff

Oct 31 2018

* Share price up more than 3 percent (Adds analyst comment, shares, details)

Goldman forecasts South African economic rebound in 2019

Oct 03 2018

JOHANNESBURG Goldman Sachs expects South Africa's economy to grow almost 3 percent next year, helped by President Cyril Ramaphosa's reforms and strong global growth, the bank's sub-Saharan Africa head told Reuters.

Naspers frees cash-rich Multichoice to take on Netflix & co

Sep 19 2018

JOHANNESBURG South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.

CORRECTED-Naspers frees cash-rich Multichoice to take on Netflix & co

Sep 19 2018

JOHANNESBURG, Sept 19 South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.

South Africa's Naspers plans to spin off, list pay-TV unit

Sep 17 2018

JOHANNESBURG South Africa's Naspers unveiled plans on Monday to spin off and list separately its pay-TV unit, its first major move aimed at narrowing a discount between its market value and the value of its stake in Chinese technology giant Tencent.

UPDATE 2-South Africa's Naspers plans to spin off, list pay-TV unit

Sep 17 2018

JOHANNESBURG, Sept 17 South Africa's Naspers unveiled plans on Monday to spin off and list separately its pay-TV unit, its first major move aimed at narrowing a discount between its market value and the value of its stake in Chinese technology giant Tencent.

Investec asset management spin off plan lifts shares

Sep 14 2018

JOHANNESBURG/LONDON Investec cheered investors on Friday with plans to spin off its asset management unit in a surprise restructuring ahead of the departure after four decades of the South African firm's founder and chief executive.

UPDATE 3-Investec asset management spin off plan lifts shares

Sep 14 2018

* Unit has $143 billion under management (Adds more detail, updates management quote, share price)

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