Reuters Africa Business

JOHANNESBURG (Reuters) – Dubai’s Emirates airline is hoping to resume all of its 49 flights per week to South Africa by May next year, an executive said on Tuesday, as demand for international travel recovers with the easing of COVID-related curbs. The airline in September announced additional flights, with three daily flights to and from …

Emirates hopes to restore full schedule to South Africa by May Read More »

GOMA, Democratic Republic of Congo (Reuters) – The United Nations peacekeeping mission in Democratic Republic of Congo on Tuesday said its troops had made a strategic withdrawal from the eastern military base of Rumangabo, ceding ground in the battle against the M23 rebel group. U.N. troops have been supporting Congolese forces in the fight against …

UN peacekeepers in Congo make ‘strategic withdrawal’ from key military base Read More »

JOHANNESBURG (Reuters) – One of South Africa’s largest grocery retailers Pick n Pay is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful completion of the first phase, it said on Tuesday. The announcement came weeks after the Financial Sector Conduct Authority formally declared crypto assets as a …

Grocery retailer Pick n Pay to start accepting cryptocurrency payments Read More »

CAIRO (Reuters) – Global events may temporarily affect Egypt’s wheat supply but the country can adjust to them, Egypt’s supply minister Ali Moselhy told Reuters on Tuesday when asked whether Russia’s decision to freeze its participation in a U.N.-brokered grain export deal would affect its supply. The global supply of wheat available is sufficient to …

Global events may affect Egypt’s wheat supply temporarily, Egyptian supply minister says Read More »

JOHANNESBURG (Reuters) – South Africa still has space to raise interest rates, its central bank governor said on Tuesday, pointing to inflation expectations that are less anchored around the midpoint of its target range than it would like. The South African Reserve Bank (SARB) has raised interest rates at its last six monetary policy meetings …

South Africa still has space to raise rates: central bank governor Read More »

JOHANNESBURG (Reuters) – South African manufacturing activity improved in October, but rolling power cuts and a crippling strike at freight rail and ports company Transnet prevented a stronger recovery, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) was at 50.0 points in October from 48.2 points in September, hitting the 50-point …

South African factory activity improves in October – Absa PMI Read More »

AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent. In a pre-market statement, Amsterdam-based Prosus said an article in Asian Tech Press citing unnamed sources saying that …

Prosus and Naspers deny report they are in talks to sell Tencent stake Read More »