Edition:
United Kingdom

Emma Rumney

UPDATE 2-S.Africa's Woolworths hit by weak Australia, December results

27 Jan 2020

JOHANNESBURG, Jan 27 Half-year earnings at South Africa's Woolworths could drop by as much as 20%, the retailer warned on Monday, sending its shares down more than 4%.

Can 'Made in Africa' cigars compete with Cuba?

17 Jan 2020

JOHANNESBURG While drinking in a nightclub in Mozambique in 2015, Kamal Moukheiber had an idea: a luxury cigar made not in Cuba, but in southern Africa.

UPDATE 2-South African central bank surprises with rate cut

16 Jan 2020

* Analyst says cut could have little impact (Adds analyst, detail, context)

UPDATE 3-Reprieve for S.Africa's Old Mutual as court rules against fired CEO

14 Jan 2020

* Dispute has tarnished the insurer's reputation (Adds analyst, investor comment, updates shares)

UPDATE 2-Chairman of South Africa's Eskom quits after holiday power cuts

10 Jan 2020

* Financial decline continued on his watch (Adds Ramaphosa, analyst, context)

Russia's VTB sues Mozambique over loan in $2 billion debt scandal

07 Jan 2020

JOHANNESBURG Russian bank VTB is suing a Mozambique state-owned company over $535 million it extended as part a series of loans now at the centre of a $2 billion debt scandal.

South African Airways has reasonable chance of survival - rescue specialist

20 Dec 2019

JOHANNESBURG South African Airways (SAA) has a reasonable chance of being saved from collapse, the specialists appointed to turn around the state-run carrier said on Friday.

UPDATE 3-South African Airways has reasonable chance of survival - rescue specialist

20 Dec 2019

* SAA is deeply in debt and has been making losses since 2011

Investec expects 189 million pounds from asset management spin-off in March

29 Nov 2019

JOHANNESBURG/LONDON Anglo-South African financial services group Investec expects to raise about 189 million pounds from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.

Africa-focused lender Bayport explores $800 million London listing - sources

29 Nov 2019

LONDON/JOHANNESBURGBayport Management, an African consumer lending company, is considering a London listing in the first half of 2020 that could value it at around $800 million (623.5 million pounds), three sources familiar with matter said.

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