Bloomberg Business

Ex-South Africa Ruling Party Official Ace Magashule to Contest 2024 Vote

An official who was expelled from South Africa’s governing party for unlawfully announcing a decision to remove President Cyril Ramaphosa from his post has started a new movement to contest elections next year, adding to an already crowded field of contenders.

Gabon Coup Triggers Bond Selloff Sparking Contagion Fears

Gabon’s international bonds sank the most on record and shares of foreign companies with operations in the country tumbled as a military coup spooked investors in its oil sector and its debt linked to conservation projects.

China Developer Vanke Profit Slides 19% Amid Property Woes

China Vanke Co., the country’s second-largest developer by sales, reported lower profit in the first half, underscoring how even developers with partial state support aren’t immune to an unprecedented housing slump.

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