JOHANNESBURG PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions.
JOHANNESBURG, June 4 South Africa's mines and
energy minister said the country is mulling all options from
coal to renewables to nuclear power as part of its future energy
mix, as Africa's most industrialised economy battles a power
PRETORIA/JOHANNESBURG South Africa's President Cyril Ramaphosa on Wednesday retained Tito Mboweni as finance minister in a new, leaner cabinet, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors. | Video
JOHANNESBURG/LONDON Sibanye-Stillwater and Lonmin cleared the final hurdle to forming the world's second-largest platinum producer as their shareholders approved the South African firm's 226 million pound ($286 million)takeover of its London-listed rival.
* Cuts 2019 growth outlook again
(Adds further details, new MPC member, Eskom)
JOHANNESBURG Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its shares more than 10% lower.
* Shares fall more than 10%
(Adds CEO comment, share price, asset sale)
JOHANNESBURG/LONDON, May 15 The world's top
platinum miners are bracing for a fresh round of negotiations
with South African workers as a rise in producer profits is
likely to provoke higher wage demands from labour unions
including the militant AMCU.
* Company to keep primary Johannesburg listing for now
(Adds detail, CEO comments, adds shares)
JOHANNESBURG, March 27 South Africa's
Sibanye-Stillwater will explore changing its primary
listing in a bid to access more capital as it explores growth
opportunities outside its home market, chief executive Neal
Froneman said on Wednesday.