JOHANNESBURG (Reuters) – Capitec Bank reported an 84% rise in its annual profit on Tuesday, joining a slew of South African lenders who benefited from an upswing in performance as the impact from the COVID-19 fallout eases. South African banks took massive hits to their profit in recent years, mainly due to large credit impairment …
S.Africa’s Capitec profit surges 84% as COVID woes ease Read More »
JOHANNESBURG (Reuters) -The South African rand advanced on Monday, supported by higher precious metals prices and shrugging off weaker-than-expected manufacturing numbers. At 1441 GMT, the rand traded at around 14.6125 against the dollar, around 0.2% stronger than its previous close. Key South African exports like platinum group metals touched new highs because of supply concerns …
South African rand gains, supported by precious metals Read More »
ABIDJAN (Reuters) – Rain was below average in most of Ivory Coast’s cocoa-growing regions last week, with more downpours needed to strengthen the April-to-September mid-crop, farmers said on Monday. April, the first month in the rainy season that stretches to mid-November, has been hotter and dryer than usual in Ivory Coast, the world’s top cocoa …
More rain needed for start of Ivory Coast cocoa mid-crop, farmers say Read More »
JOHANNESBURG (Reuters) – South Africa’s manufacturing output was up 0.2% year on year in February after rising by 2.0% in January, the statistics agency said on Monday. Factory production was down 1.1% month on month in February, Statistics South Africa said. (Reporting by Olivia Kumwenda-Mtambo; Editing by Nqobile Dludla)
ACCRA (Reuters) – Ghana plans to issue 24 billion cedi ($3.24 billion) in bonds in second quarter according to a government debt issuance calendar published by the central bank. It said 20 billion cedi would be used to roll over maturing bonds, while the remaining 4.5 billion is fresh issuance to meet the government’s financing …
Ghana to issue $3.24 billion in bonds in second quarter, central bank says Read More »
By Patrick Werr (Reuters) -Egypt’s annual urban consumer price inflation accelerated in March to 10.5%, its highest in nearly three years and faster than analysts had expected, data from the state statistics agency CAPMAS showed on Sunday. The inflation figure, up from 8.8% in February, was greater than a median forecast of 10% in a …
Egypt’s urban inflation accelerates to 10.5% in March Read More »
By Patrick Werr (Reuters) -Egypt’s annual urban consumer price inflation accelerated in March to 10.5%, its highest in nearly three years and faster than analysts had expected, data from the state statistics agency CAPMAS showed on Sunday. The inflation figure, up from 8.8% in February, was greater than a median forecast of 10% in a …
Egypt’s urban inflation accelerates to 10.5% in March Read More »
(Reuters) – Egypt’s core inflation increased to 10.1% year on year in March from 7.2% in February, data from the central bank showed on Sunday. (Writing by Nayera Abdallah; Editing by Angus MacSwan)
JOHANNESBURG (Reuters) – The South African rand on Friday was set to end the week mostly unchanged but a bit firmer than the previous day, as stronger commodity prices cushioned the fall of the local currency against a strengthening dollar. At 1550 GMT, the rand was up 0.66% against the dollar to trade at 14.6439. …
S.Africa’s rand ends the week muted, stocks reverse losing streak Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s Telkom SA has reached an out-of-court settlement with the country’s telecoms regulator, ICASA, it said on Friday, bringing an end to the legal wrangling over the licensing of high-demand spectrum. At issue is a radio frequency spectrum auction that South Africa completed on March 17. The auction …
Telkom reaches settlement with S.African regulator on spectrum auction Read More »
