Edition:
United Kingdom

Nqobile Dludla

Leader of South Africa's main opposition party resigns

23 Oct 2019

JOHANNESBURG South Africa's Democratic Alliance (DA) leader Mmusi Maimane resigned as head of the main opposition party on Wednesday after four years at the helm, citing difficulties making the traditionally white liberal party appeal to majority black voters.

Low prices, cost cuts help Pick n Pay buck South African retail gloom

22 Oct 2019

JOHANNESBURG A focus on low prices and cutting costs helped drive a 9.5% rise in first-half earnings at Pick n Pay Stores Ltd , bucking the downward trend at other South African retailers and giving the biggest daily boost to its shares in 11 years.

UPDATE 2-South Africa's power cuts expected to end Friday as generators return online

17 Oct 2019

* Government to reveal energy plan on Friday (Recasts with Eskom acting CEO comments)

South Africa's Zuma to face corruption trial

11 Oct 2019

JOHANNESBURG South African former President Jacob Zuma will stand trial on corruption charges relating to a $2 billion arms deal after a high court on Friday denied him a permanent stay of prosecution. | Video

U.S. sanctions brothers at center of South African graft scandal

10 Oct 2019

JOHANNESBURG The United States on Thursday sanctioned the three Gupta brothers at the center of the South African corruption scandal that contributed to the downfall of former President Jacob Zuma, saying they had misappropriated state assets.

South Africa's Woolworths buoyed by fashion turnaround, shares rise

27 Sep 2019

JOHANNESBURG South African retailer Woolworths Holdings Ltd reported a 2.1% drop in annual earnings on Thursday but cheered investors with a turnaround in its Fashion, Beauty and Home business that had weighed on sales.

Aspen's drug to prevent preterm birth approved by FDA

12 Sep 2019

JOHANNESBURG The U.S. Food and Drug Administration (FDA) has approved Aspen Pharmacare's hydroxyprogesterone caproate (HPC), which is used to prevent preterm birth in pregnant women, the South African drugmaker's CEO said on Thursday.

UPDATE 2-Aspen posts lower FY profit on weaker manufacturing results, no dividend

11 Sep 2019

* Intends to restart heparin supply to third-parties (Adds details)

UPDATE 3-Under siege in Nigeria, South African businesses shut stores

04 Sep 2019

* Riots sparked reprisal attacks on S. African business in Nigeria

UPDATE 2-S.Africa's Massmart swings to first trading loss in 20-years

29 Aug 2019

* Scraps dividend (Adds scrapping of dividend, details and forecast)

World News