Edition:
United States

Wendell Roelf

Digital newcomers out to disrupt South African banking

Dec 04 2018

JOHANNESBURG Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard.

White South African group to challenge Ramaphosa land reforms in court

Nov 28 2018

CAPE TOWN A South African advocacy group that lobbies for the rights of white farmers will on Thursday challenge in court President Cyril Ramaphosa's plan to change the constitution to allow land expropriation without compensation.

BP to invest $1 billion in South Africa, including refinery upgrade

Nov 22 2018

CAPE TOWN BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulfur diesel, its chief executive said on Thursday.

Satellite company SAS Global joins rush to boost Africa connectivity

Nov 15 2018

CAPE TOWN, Nov 15 Sky and Space Global (SAS Global) is on track to launch 200 shoebox-sized nanosatellites by the end of 2020, betting that its low-cost model will prove a hit with telecoms customers in Africa.

UPDATE 3-MTN aims to offer mobile banking in Nigeria next year

Nov 13 2018

* Buys music streaming business Simfy (Adds MTN partnership with Chinese firms on new affordable 3G phones)

Nigeria's NNPC says Shell, ExxonMobil also looking at crude swaps

Nov 05 2018

CAPE TOWN, Nov 5 Nigeria's state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday.

Equatorial Guinea's energy sector gets $2.4 bln boost -ministry source

Nov 05 2018

CAPE TOWN, Nov 5 Equatorial Guinea's energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be drilled from next year, an oil ministry source with direct knowledge told Reuters on Monday.

South Africans make bricks from human urine

Nov 02 2018

CAPE TOWN South African researchers say they have made bricks using human urine in a natural process involving colonies of bacteria, which could one day help reduce global warming emissions by finding a productive use for the ultimate waste product. | Video

Recession-bound South Africa sees wider budget deficits, low growth; rand dips

Oct 24 2018

CAPE TOWN South Africa predicted wider budget deficits and cut growth forecasts in a bleak budget on Wednesday that focused spending on infrastructure, manufacturing and agriculture to boost the recession-bound economy.

South Africa poised to adopt plan to boost local car industry suppliers

Oct 18 2018

CAPE TOWN South Africa is likely to adopt new plans for the country's car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around 38 percent now, a cabinet minister said on Thursday.

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