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South Africa's Ramaphosa dealt twin blows in anti-graft fight

19 Jul 2019

JOHANNESBURG South African President Cyril Ramaphosa suffered two major setbacks on Friday, when he was accused of misleading parliament and his predecessor Jacob Zuma won significant concessions from a corruption inquiry.

Scandal-hit Steinhoff reports $400 million loss in first half

12 Jul 2019

JOHANNESBURG South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.

South Africa's Woolworths shares rise on sales turnaround

11 Jul 2019

JOHANNESBURG, July 11 South African department chain Woolworths said on Thursday it had turned around its fashion, beauty and home business after fixing poor product choices in clothing, which had weighed on its sales the previous year.

Naspers picks Mahanyele-Dabengwa as CEO for South Africa

03 Jul 2019

JOHANNESBURG Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group.

UPDATE 1-Naspers picks Mahanyele-Dabengwa as CEO for South Africa

03 Jul 2019

JOHANNESBURG, July 3 Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group.

South Africa's MultiChoice looks to lay off more than 2,000 workers

22 Jun 2019

(Corrects June 21 story to remove Naspers reference from headline and lead as Naspers no longer owns MultiChoice)

Naspers delays multi-billion euros internet float after admin error

21 Jun 2019

JOHANNESBURG South Africa's Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China's Tencent, after an admin error by a third party involved in the float.

UPDATE 2-Naspers delays multi-billion euros internet float after admin error

21 Jun 2019

JOHANNESBURG, June 21 South Africa's Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China's Tencent, after an admin error by a third party involved in the float.

Scandal-hit Steinhoff says will suffer more in 2019

19 Jun 2019

JOHANNESBURG Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro (£1 billion) annual loss, sending its volatile shares down 8 percent. | Video

Scandal-hit Steinhoff posts $1.3 bln loss in delayed 2018 results

18 Jun 2019

JOHANNESBURG, June 18 South African retailer Steinhoff on Tuesday reported a 1.2 billion euro ($1.34 billion) loss for the 2018 fiscal year, in a much-delayed earnings report revealing the impact of an accounting fraud put at $7.27 billion.

World News

U.N. nuclear watchdog chief Amano dies aged 72

U.N. nuclear watchdog chief Yukiya Amano has died, the International Atomic Energy Agency said on Monday, the day he had been expected to announce he would step down early because of an illness that had visibly weakened him over the past year.