Reuters Africa Business

By Nqobile Dludla JOHANNESBURG (Reuters) -Pepkor, the South African company behind the PEP and Ackermans discount clothing brands, plans to make its womenswear stores more upmarket to tap mid-to-upper income shoppers as it seeks a bigger share of the adult wear market. The retailer, which also sells electronics, has a dominant market share in children’s …

Pepkor aims to tap higher income shoppers with rebranded womenswear stores Read More »

By Nell Mackenzie LONDON (Reuters) – World shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States made for …

Shares nudge higher as US, EU inflation data loom Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose over 1% in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation. The Brent crude July contract settled $1, or 1.2% higher at $83.12 a barrel. …

Oil rises 1% ahead of inflation data after downbeat week Read More »

JOHANNESBURG (Reuters) -The South Africa rand was stronger on Monday, supported by a weaker dollar, ahead of a week headlined by the national election and featuring an interest rate decision. At 1430 GMT, the rand traded at 18.3300 against the dollar, about 0.5% stronger than its previous close. The dollar last traded around 0.16% weaker …

South African rand gains ahead of election, rate decision Read More »

By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) -The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for “carry” in recent …

Dollar firm ahead of global inflation data Read More »