JOHANNESBURG (Reuters) -The Johannesburg Stock Exchange Ltd (JSE) on Tuesday reported a 6% drop in profit for 2021, mainly due to declining interest income. The company, which runs the biggest stock exchange in Africa, posted annual headline earnings per share (HEPS) of 878.9 cents ($0.5721) against 936.7 cents a year earlier, as its net finance …
Johannesburg Stock Exchange reports 6% drop in annual profit Read More »
KAFR EL-SHEIKH, Egypt (Reuters) – With the roads and brick housing blocks of Egypt’s densely populated Nile Delta in the distance, Elsayed Abuhamed and his family have pitched their tents in a field scattered with straw, tied up their livestock, and are cooking over an open fire. They are part of the El Dawaghra tribe, …
Nomadic Bedouins set up camp by the housing blocks of Egypt’s Nile Delta Read More »
JOHANNESBURG (Reuters) -The South African rand weakened slightly against the U.S. dollar on Tuesday, as markets remained on edge following Russia’s invasion of Ukraine. At 1503 GMT, the rand stood at 15.3600 against the dollar, down 0.18% versus its previous close. The rand had weakened more than 2% on Monday to hit 15.4933, as the …
South African rand slips as Ukraine-Russia crisis keeps nerves high Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) – South Africa’s PSG Group Ltd, controlled by one of the country’s richest men Johannes Mouton, plans to distribute $1.2 billion of shares in subsidiaries to shareholders, seeking to close the gap between the value of its assets and stock. The move, which CEO Piet Mouton called the “end of …
S.Africa’s PSG Group to offload $1.2 billion stake in units to investors Read More »
HARARE (Reuters) – South Africa’s Impala Platinum Ltd on Tuesday posted a 9% decline in half-year profit, as work stoppages and power outages hit production. Impala’s headline earnings per share (HEPS) – the main measure of corporate profit in South Africa – fell to 16.90 rand ($1.10) for the half-year that ended Dec. 31 from …
South Africa’s Impala Platinum posts 9% drop in half-year profit Read More »
DUBAI (Reuters) – The Suez Canal posted a 15.1% jump in revenue in February to $545.5 million, the chairman of the authority managing the Egyptian waterway said on Tuesday. Revenue surged after the canal saw a record rise in transit rates, with 1,713 ships passing through the waterway versus 1,532 a year earlier, Suez Canal …
(Removes extraneous word from the headline) DAR ES SALAAM (Reuters) – The World Bank predicts Tanzania’s economy to expand between 4.5% to 5.5% this year compared to 4.3% in 2021, as a rollback of coronavirus-related restrictions in many countries boosts tourism and trade, its country director said on Tuesday. After initially downplaying the severity of …
World Bank sees Tanzania’s economy expanding up to 5.5% this year Read More »
By Aaron Ross DAKAR (Reuters) -A court in Democratic Republic of Congo on Monday appointed a temporary administrator from state miner Gecamines to run China Molybdenum’s Tenke Fungurume mine amid a dispute between the shareholders over reserves of copper and cobalt. The dispute started last August when Congo’s government announced it had formed a commission …
Congo court appoints temporary administrator to run China Moly’s Tenke mine Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity expanded further in February, as better demand supported new sales orders and output volumes, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 58.6 points in February from 57.1 points in January, remaining above the 50-point mark that separates expansion from contraction. “Respondents …
South Africa factory activity expands further in February – Absa PMI Read More »
TUNIS (Reuters) – Tunisia has raised fuel prices by about 3% for the second time in a month due to a sharp rise in oil prices, in an effort to rein in its budget deficit, the Energy Ministry said on Monday. The North Africa country, suffering from its worst financial crisis, is trying to agree …
Tunisia raises fuel prices for second time in a month Read More »
