Edition:
United Kingdom

Emma Rumney

Famed Cullinan mine banks on big diamonds to drive down debt

17 Feb 2019

CULLINAN, South Africa The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

Famed Cullinan mine banks on big diamonds to drive down debt

14 Feb 2019

CULLINAN, South Africa The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

FOCUS-Famed Cullinan mine banks on big diamonds to drive down debt

14 Feb 2019

* Mine owned by Petra Diamonds may take 5-10 years to clear debt

UPDATE 2-S.Africa's Absa seeks new blood after decade under Ramos

29 Jan 2019

* Chairwoman says external candidate to be in place in one year

Naspers takes full control of Russian classifieds website Avito

25 Jan 2019

STOCKHOLM/FRANKFURT/JOHANNESBURG South Africa's Naspers has taken full control of Russia's largest classified advertising platform Avito after it spent $1.16 billion to buy the 29.1 percent it did not already own, the media and e-commerce group said on Friday.

Naspers in talks to up stake in Russian classifieds website Avito

25 Jan 2019

STOCKHOLM/FRANKFURT/JOHANNESBURG South African media and e-commerce Naspers said it was in talks to increase its stake in Avito, confirming a Reuters report that the group was close to taking control of Russia's largest classified advertising platform.

CORRECTED-UPDATE 2-S.Africa's Multichoice sweetens Naspers split with dividend plan

22 Jan 2019

JOHANNESBURG, Jan 21 Africa's biggest pay-TV business Multichoice plans to pay a 2.5 billion rand ($181 million) dividend two years after leaving its parent of three decades - media and e-commerce group Naspers - and pursuing a listing solo in South Africa.

UPDATE 1-SocGen and Absa join forces on wholesale banking in Africa

18 Jan 2019

* Shares in both banks flat, investors sceptical (Recasts, adds Absa interview, context, shares, investor comment)

UPDATE 2-South Africa's central bank defends mandate, holds rate

17 Jan 2019

* Monetary policy committee votes to hold rate at 6.75 percent (Recasts with comments on central bank mandate)

Retailer New Look's debt plan hits shares in parent Brait

14 Jan 2019

LONDON/JOHANNESBURG Shares in South African investment firm Brait plunged more than 20 percent on Monday after its British fashion chain New Look announced a deal with creditors to cut 1 billion pounds off its debts, in its latest turnaround attempt.

World News

Bernie Sanders to seek U.S. presidency again in 2020

U.S. Senator Bernie Sanders, the Vermont progressive whose 2016 White House campaign garnered fervent grassroots support and pushed the Democratic Party sharply to the left, said on Tuesday he would again seek the party's presidential nomination in 2020.