JOHANNESBURG, Aug 22 South African insurer Old
Mutual sacked its former chief executive for a second
time on Thursday and said it would continue to fight his
attempts to get reinstated, despite a court ruling overturning
his original dismissal.
* H1 headline earnings per share 918.4 cents vs 877.8 last
* Plans sale of 20% stake in ICBC Argentina
(Updates CEO comments, adds detail)
MAPUTO/JOHANNESBURG With a handshake and a hug, Mozambique's leaders hoped on Tuesday to close the book on a decades-long conflict. But an election in October and new causes of violence mean lasting peace is far from assured.
JOHANNESBURG Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.
JOHANNESBURG, Aug 6 Nedbank called for
more urgent government action to fix South Africa's struggling
economy on Tuesday after first-half earnings at its main
domestic operations flatlined.
JOHANNESBURG, July 31 South African insurer Old
Mutual's fired boss Peter Moyo turned up for work on
Wednesday after a court ruled in favour of his reinstatement,
and was allowed into the company's Johannesburg offices but not
permitted to resume his duties.
JOHANNESBURG - Among the metal shacks and narrow side streets of South Africa's townships, one of the country's biggest lenders sees a sizeable market it wants to be first to crack: multi-million-rand businesses operating largely in cash.
JOHANNESBURG South African President Cyril Ramaphosa on Sunday said he will seek an urgent judicial review of what he described as an irretrievably flawed report in which the country's graft watchdog said he misled parliament over a campaign donation.
JOHANNESBURG South Africa's biggest banks are betting cut-price accounts, big mortgages and offers on everything from Adidas backpacks to Xboxes will help them win over the youth market, which many overlooked until it was targeted by a host of start-up rivals.