Reuters Africa Business

By Karin Strohecker WASHINGTON (Reuters) -The prospect of lower oil prices puts “lots of pressure” on Angola, the country’s finance minister told Reuters on Friday, adding that she expected to see prices average around $70 to $72 per barrel compared with $75 in 2024. The government of Africa’s second-largest crude oil exporter will also continue …

Prospect of lower oil prices puts pressure on Angola, finance minister says Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled higher on Friday and gained 4% on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month. Brent crude futures settled up $1.67, or 2.25%, at $76.05 a barrel. U.S. West Texas Intermediate crude settled …

Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election Read More »

JOHANNESBURG (Reuters) -South African fashion and homewares retailer TFG has bought UK-based fashion and lifestyle retailer White Stuff, it said on Friday, adding the deal will help it reach “critical mass”. The acquisition was made through the London subsidiary of TFG, which has a portfolio of 35 leading retail brands in 23 countries, including Australia. …

South African fashion retailer TFG buys UK’s White Stuff Read More »

JOHANNESBURG (Reuters) -South Africa’s rand firmed on Friday while local investors geared up for the country’s mid-term budget next week. At 1510 GMT, the rand traded at 17.64 against the dollar, about 0.1% stronger than its previous close. The dollar last traded about 0.02% softer against a basket of currencies. With little domestic data on …

South African rand firms; focus on mid-term budget next week Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was still on track for a fourth straight week of gains after data this week kept interest rate expectations for the Federal Reserve in check. The Commerce Department said non-defense capital goods …

Dollar edges lower after data as recent rally stalls Read More »

By Sfundo Parakozov JOHANNESBURG (Reuters) – South African pharmacy group Dis-Chem Pharmacies said at its conference call on Friday it will launch its insurance business, Dis-Chem Life in the first quarter of 2025. The company which seeks to expand beyond being a pharmacy retailer acquired a 50% stake worth 155.9 million rand ($8.84 million) in …

S.Africa’s Dis-Chem life insurance business set to launch next year Read More »