NAIROBI (Reuters) – Kenyan financial firm Stanbic Holdings said on Tuesday its 2021 pretax profit surged 57% to 9.76 billion shillings ($85.76 million) from a year earlier, helped by rising interest income and a drop in impairment charges. Stanbic Holdings, which also operates in South Sudan, said net interest income rose to 14.37 billion shillings …
Kenya’s Stanbic Holdings full year 2021 pretax profit jumps 57% Read More »
ABUJA (Reuters) – The Nigerian units of Royal Dutch Shell and TotalEnergies and state oil firm NNPC on Wednesday signed an agreement to supply 70 million standard cubic feet of gas to Dangote Group fertiliser plants to help ramp up production and increase exports. Mele Kyari, general manager of NNPC, which runs joint venture companies …
Nigerian units of TotalEnergies, Shell to supply gas to Dangote fertiliser plants Read More »
JOHANNESBURG (Reuters) – South Africa’s rand traded lower early on Thursday, shedding gains from the previous session, with traders turning cautious that Russia’s invasion of Ukraine could dampen economic growth. At 0642 GMT, the rand traded at 15.3360 against the dollar, around 0.2% weaker than its previous close. The currency had touched 15.2825 on Wednesday …
South African rand weakens with focus on Ukraine crisis Read More »
JOHANNESBURG (Reuters) – South African miner Exxaro Resources Ltd hiked its total dividend after its full-year headline earnings per share, the main profit measure in South Africa, jumped 58% thanks to surging coal prices. Headline earnings per share was 4,683 cents in 2021, up from 2,955 cents in 2020. Exxaro announced a total dividend of …
Exxaro hikes dividend after 58% rise in full-year profit Read More »
JOHANNESBURG(Reuters) – South African lender FirstRand said on Thursday its half-year profit rose by 41%, closer to the lower range of its guidance of between 40% and 45%, as it recovers from the COVID-19 crisis. The bank said its headline earnings per share – the main profit measure in South Africa – stood at 281.4 …
S.African bank FirstRand’s interim profit jumps 41% Read More »
JOHANNESBURG (Reuters) – South African miner Sibanye-Stillwater reported record annual profit on Thursday as commodity prices surged, while costs ballooned at its U.S. operations in a sign of the broad inflation squeeze facing the industry. Profit rose by 13% in 2021 to 33.1 billion rand ($2.16 billion) from 29.3 billion rand in the previous year, …
Sibanye-Stillwater posts record profit, but costs rise at U.S. mines Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday as strong commodity prices offered support on a day when the dollar itself firmed against a basket of currencies as riskier markets and the euro lost ground due to the Russia-Ukraine crisis. A slew of debilitating sanctions imposed on Russia by Western countries has not only led …
S.Africa’s rand firms, helped by commodity prices amid Ukraine-Russia crisis Read More »
CAPE TOWN (Reuters) – Oil major TotalEnergies could see its licence to develop a major offshore South African gas find scrapped if it does not submit a production plan by September, the oil and gas regulator said on Thursday. TotalEnergies discovered two large gas fields, Brulpadda and Luiperd, in offshore block 11B/12B about 175 km …
TotalEnergies could lose S.Africa licence if no output plan by Sept Read More »
By Khalid Abdelaziz, Nafisa Eltahir and Aidan Lewis KHARTOUM (Reuters) – Sudan is once again lurching towards economic collapse in the aftermath of a coup in October, with exports plummeting more than 85% in January according to central bank data and the currency sliding on the black market. Cut off from billions in foreign assistance, …
JOHANNESBURG (Reuters) -South Africa’s Solidarity union on Wednesday said it had accepted miner Sibanye-Stillwater’s final wage offer and withdrawn from any further organised labour action, splitting from a group of unions negotiating together for the first time. Solidarity, along with three other unions, had been negotiating since December over wages at Sibanye’s South African gold …
Solidarity union accepts Sibanye-Stillwater wage offer Read More »
