Reuters Africa Business

(Reuters) – South Africa’s Sibanye Stillwater has finalised a 1.8 billion rand ($101 million) gold prepayment deal to raise cash to help repay loans after a slump in platinum group metal (PGM) prices hurt its income, the diversified miner said on Wednesday. The group had previously said it was seeking to raise more than $500 …

Sibanye finalises $101 million gold prepayment deal, refinances credit facility Read More »

By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) – Ghana’s cocoa regulator Cocobod will not raise a syndicated loan for its 2024/25 cocoa season for the first time in over three decades, Chief Executive Joseph Boahen Aidoo said on Tuesday. He added that the season would open on Sept. 1, earlier than usual, with …

Ghana cocoa regulator will not raise a syndicated loan for the 2024/25 season, CEO says Read More »

(Reuters) – South Africa’s Transnet is seeking debt relief from the government as it seeks to repair its balance sheet and restore freight rail and port capacity, the state-owned logistics firm’s chairman said on Tuesday. Transnet is saddled with 130 billion rand ($7.30 billion) in debt and has struggled to provide adequate freight rail and …

South Africa’s Transnet seeks debt relief from government Read More »

JOHANNESBURG (Reuters) – The South African rand weakened on Tuesday ahead of local inflation data, as markets awaited clues on both domestic and U.S. interest-rate paths this week. At 1514 GMT, the rand traded at 17.8625 against the dollar, 0.95% softer than its previous close. Investor focus on Wednesday will be on South Africa’s July …

South African rand weakens ahead of local inflation data Read More »

By Andrew Mills DOHA (Reuters) -Qatar Airways will take a 25% stake in South Africa-based regional carrier Airlink as both airlines seek to boost services and passenger numbers across Africa, they said on Tuesday. Qatar Airways CEO Badr Mohammed Al Meer, speaking alongside Airlink’s CEO Rodger Foster in Doha, told reporters the investment would boost …

Qatar Airways to make 25% equity investment in South African carrier Airlink Read More »