Edition:
United Kingdom

Emma Rumney

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.

South African Airways inks deal to end eight-day strike

22 Nov 2019

JOHANNESBURG South African Airways (SAA) signed a wage deal with trade unions on Friday to end an eight-day strike that brought the cash-strapped state airline to the brink of collapse. | Video

Prosus bullish on Just Eat, even as rival bid strengthens

22 Nov 2019

JOHANNESBURG/AMSTERDAM Internet group Prosus is confident about its $6.3 billion (5 billion pounds) offer to buy Just Eat , CEO Bob van Dijk said on Friday, even though a rise in rival bidder Takeaway's shares has all but wiped out its financial upper hand.

Investec profit sapped by UK banking, wealth weakness

21 Nov 2019

JOHANNESBURG Weak UK banking and wealth management performances dragged on Investec's first-half profit, piling pressure on the Anglo-South African financial services firm's shares.

Strike pushes South African Airways to brink of collapse

20 Nov 2019

JOHANNESBURG South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse.

Hobbs owner TFG wants any end to Brexit uncertainty

07 Nov 2019

JOHANNESBURG Any resolution to Brexit would be better for business than the current standoff, from leaving with no deal to scrapping the whole idea, the CEO of South Africa's The Foschini Group (TFG) , which owns British fashion brands, said on Thursday.

Mozambique to appeal South African ruling to set aside extradition of ex-finance minister

06 Nov 2019

JOHANNESBURG Mozambique's government plans to appeal a South African court's decision to revoke the planned extradition of former finance minister Manuel Chang, wanted in both his home country and the United States, a letter seen by Reuters on Wednesday showed.

Mozambique to appeal S.African ruling to set aside extradition of ex-finmin

06 Nov 2019

JOHANNESBURG, Nov 6 Mozambique's government plans to appeal a South African court's decision to revoke the planned extradition of former finance minister Manuel Chang, wanted in both his home country and the United States, a letter seen by Reuters on Wednesday showed.

Debt relief a double-edged sword for South Africans living on loans

04 Nov 2019

JOHANNESBURG Solani Rivele, a single mother of four, earns about 800 rand ($55) a week but owes 100 times that amount in loans. Millions of South Africans like her rely on credit to feed their families.

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