JOHANNESBURG (Reuters) – Private sector credit in South Africa rose 1.29% year on year in October, after rising by 1.6% in September, central bank data showed on Tuesday. The broadly defined M3 measure of money supply increased by 3.19% in October, after expanding by 4.01% in the previous month. (Reporting by Olivia Kumwenda-Mtambo; Editing by …
South Africa’s private credit up 1.29% y/y in October Read More »
NAIROBI (Reuters) – Kenya’s Centum Investment Co PLC said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling loss in the same period a year earlier. Centum, which invests in listed firms and private companies, said its investment income …
Kenya’s Centum Investment half-year pretax loss narrows to $6.19 million Read More »
JOHANNESBURG (Reuters) – South African lender FirstRand said on Tuesday its profits for the six months to Dec. 31 were likely to rise by more than 30%, citing higher retail loan growth and falling credit impairments. The bank said headline earnings per share, the main profit measure in South Africa, would be at least 258.6 …
S.Africa’s FirstRand sees at least 30% rise in half-year profits Read More »
JOHANNESBURG (Reuters) -Aspen Pharmacare is in advanced discussions over a potential licensing agreement to package the COVID-19 vaccine in South Africa, it said on Monday. The South African company did not mention the name of the company with which it was in talks, but in early September it said it was in talks with U.S. …
South Africa’s Aspen in advanced talks over COVID-19 vaccine deal Read More »
ABIDJAN (Reuters) – The African Development Bank (AfDB) has postponed to an unspecified date its planned Dec. 1-3 investment forum in Abidjan, Ivory Coast, due to health concerns and travel restrictions over the Omicron coronavirus variant, the bank’s president said on Monday. “We were looking forward to attracting more foreign direct investments in Africa, but …
African Development Bank postpones investment forum due to Omicron variant Read More »
(Refiles to update All share and Top-40 index levels) JOHANNESBURG (Reuters) -South Africa’s rand firmed on Monday, recovering from last week’s plunge to its lowest since October 2020 on concerns around the discovery of a COVID-19 variant in the country that has been described as the most concerning. Stock markets also recovered, after hospitality shares …
South Africa’s rand, stocks recover after sinking on Omicron worries Read More »
NAIROBI (Reuters) -Kenya’s central bank held its benchmark lending rate at 7.0% on Monday, its Monetary Policy Committee said, citing “anchored” price increases and early indications of the economy benefiting from an accommodative stance. The decision to hold rates is the 11th in a row. A Reuters poll of analysts and market participants had predicted …
Kenya central bank holds it benchmark lending rate at 7.0% Read More »
