Reuters Africa Business

(Reuters) – South Africa’s first-quarter consumer confidence improved on the back of an uptick in the confidence levels of high-income households, suggesting retail sales volumes could gradually start to recover, according to a survey released on Monday. The consumer confidence index (CCI), sponsored by the First National Bank (FNB) and compiled by the Bureau for …

S. Africa’s consumer confidence improves in the first quarter, survey says Read More »

By Simon Jessop LONDON (Reuters) – Development lender British International Investment said on Monday it had agreed a $100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost trade finance, farming and food security in the region. The finance will help fund trade, including importing and exporting goods, …

Britain agrees $100 million trade finance to boost Africa food security Read More »

By Marco Aquino and Felix Njini LIMA/JOHANNESBURG (Reuters) – The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show. Congo produced about 2.84 million tons of copper last year, the country’s central …

Congo overtakes Peru on copper output, still behind on exports Read More »

By Esa Alexander and Bhargav Acharya HERMANUS, South Africa (Reuters) – The former chief executive of South African multinational retailer Steinhoff had been notified of an arrest warrant against him shortly before he was found dead in what local media called a suicide, the elite Hawks police unit said on Friday. Warrants were issued for …

Steinhoff ex-CEO had expected arrest before being found near death, police say Read More »