By Nqobile Dludla JOHANNESBURG (Reuters) – Woolworths Holdings plans to open more stores and ramp up its on-demand delivery service, its chief executive said on Wednesday, as it steps up a turf war for South Africa’s affluent shoppers. The Cape Town-based retailer is facing fierce competition from rivals Pick n Pay and Shoprite-owned Checkers, which …
South Africa’s Woolworths steps up battle for affluent shoppers Read More »
(Reuters) – Tunisia’s budget deficit fell to 470.8 million dinars ($147.92 million) in the first half of 2022 from 1.9 billion dinars during the same period last year, the state news agency TAP reported on Wednesday, citing the finance ministry. ($1 = 3.1827 Tunisian dinars) (Reporting by Enas Alashray; Editing by Gareth Jones)
(Reuters) – South Africa recorded a trade surplus of 24.76 billion rand ($1.45 billion) in July, up from a surplus of 24.23 billion rand in June, data from the revenue service showed on Wednesday. Exports dropped 4.1% month on month to 177.23 billion rand, while imports were down 5% at 152.47 billion rand, the South …
South Africa trade surplus widens to 24.76 billion rand in July Read More »
(Reuters) – South Africa’s Transnet said on Wednesday it had agreed to resolve its legal disputes over procurement contracts with the local unit of China’s CRRC Corp, clearing the way for the supply of critical spare parts for its rolling stock. The two parties have been engaged in legal battles after state-owned Transnet halted the …
S.Africa’s Transnet, China’s CRRC agree to resolve legal disputes Read More »
(Fixes editing credit) NAIROBI (Reuters) -Kenya’s shilling was stable on Wednesday, and it was forecast to lose ground due to increased demand for dollars from the energy and manufacturing sectors, traders said. At 0859 GMT, commercial banks quoted the shilling at 119.95/120.15 per dollar, compared with Tuesday’s close of 119.90/120.10. On Wednesday, the shilling touched …
Kenyan shilling stable, expected to ease due to energy sector demand Read More »
CAIRO (Reuters) – Egypt’s finance ministry has put in place a package of measures to clear a backlog of goods piled up in port, a ministry statement said on Tuesday. A severe shortage of foreign currency in Egypt over the last six months has sent banks and importers scrambling to pay for the letters of …
Egypt introduces measures to help clear backed up ports Read More »
NAIROBI (Reuters) – State-run Ethiopian Airlines posted a jump in net profit and total revenues in the financial year that ended on June 30, helped by higher international passenger haulage and falling operating costs, the head of Ethiopian Investment Holdings said. Africa’s leading airline recorded a jump of 90% in net profit to $937 million …
Ethiopian airlines revenues, profit jump in FY 21/22 Read More »
(Reuters) -South Africa’s rand weakened on Tuesday after the dollar rose as markets priced in higher interest rate hikes by the U.S. Federal Reserve to tame soaring inflation. At 1530 GMT, the rand traded at 16.9150 against the dollar, 0.42% weaker than its previous close. The dollar index, which measures the U.S. currency against six …
S.African rand weakens as dollar gains on higher rate hike bets Read More »
WINDHOEK (Reuters) – Cash-strapped Namibian rail operator TransNamib on Tuesday auctioned some of its assets in a bid to raise about 40 million rand to fund daily operations. On offer at Tuesday’s auction were some of TransNamib’s offices, plots, flats and a farm. The company has a property portfolio valued at 2.4 billion rand ($143 …
State-owned Namibian rail operator auctions off assets to fund operations Read More »
By Katharine Houreld NAIROBI (Reuters) -A ship carrying wheat from Ukraine to the drought-stricken Horn of Africa docked on Tuesday, the United Nations said, the first to make the journey since the Russian invasion six months ago. The vessel Brave Commander is carrying 23,000 tonnes of grain and will soon be followed by another carrying …
U.N. ship brings food relief from Ukraine to drought-hit Horn of Africa Read More »
