By Helen Reid JOHANNESBURG (Reuters) – Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62,000 a …
Congo state cobalt monopoly aims to start buying in January Read More »
JOHANNESBURG (Reuters) -The South African rand and stocks continued their recovery on Wednesday from last week’s plunge, as risk appetite returned somewhat to markets, with investors betting that the Omicron COVID-19 variant would not derail the economic recovery. At 1511 GMT, the rand traded at 15.7950 against the dollar, 0.61% firmer than its previous close. …
South Africa’s rand, stocks recover on improved risk-taking Read More »
(Reuters) – South Africa-based miner Gold Fields laid out new environment, social and governance (ESG) goals on Wednesday, saying it would cut net carbon emissions by 30% by 2030 and look to boost the proportion of women in its workforce. The company, which operates gold mines in Africa, Australia and Latin America, said its investment …
S.Africa’s Gold Fields aims to cut carbon emissions by 30% by 2030 Read More »
(Reuters) -South African insurer Santam on Wednesday named industry veteran Tavaziva Madzinga as its chief executive officer, replacing Lizé Lambrechts who is set to retire. Madzinga joins Santam from Kenya-listed financial services firm Britam and will take the reins in July next year. His two-decade career includes a 16-year stint at South African insurer Old …
South Africa’s Santam names industry veteran Madzinga as CEO Read More »
ABUJA (Reuters) – MTN Nigeria fell 10% to a five-week low of 171 naira on Wednesday after it set a retail public offer price that is lower than its share price on the stock market. The Nigerian unit of South African telecoms group MTN opened its sale to retail investors on Wednesday at 169 naira …
ACCRA (Reuters) -Ghana’s health ministry detected the country’s first cases of the Omicron COVID-19 variant on passengers who arrived at Accra international airport following sequencing carried out on Nov. 21, the head of the Ghana Health Service said on Wednesday. Officials have so far declined to specify how many positive cases were detected when the …
Ghana says it records first cases of Omicron variant Read More »
CAIRO (Reuters) – Egypt’s Mediterranean ports of Alexandria and Dekheila were closed on Wednesday due to poor weather, state news agency MENA reported. The ports are among Egypt’s largest and can each handle a maximum of 1 million 20ft-equivalent units (TEUs). (Reporting by Lilian Wagdy, writing by Nafisa Eltahir; editing by Jason Neely)
JOHANNESBURG (Reuters) – South African manufacturing activity expanded at a faster pace in November as business activity and new sales orders grew, a survey showed on Wednesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 57.2 points in November from a revised 53.6 points in October, remaining above the 50-point mark that separates expansion …
South Africa factory activity expands at faster pace in November – Absa PMI Read More »
By Alexander Winning JOHANNESBURG (Reuters) – South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters. Eskom has implemented power cuts for more than a decade in Africa’s most industrialised nation that have held …
South Africa’s Eskom CEO sees end to crisis in shift from coal Read More »
GABORONE (Reuters) – Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of U.S. and China’s consumer markets. Debswana, a joint venture between Anglo American business De Beers and the Botswana government, sells …
Botswana’s Debswana diamond sales jump 73% in first nine months of 2021 Read More »
