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Tanisha Heiberg

PepsiCo to buy South Africa's Pioneer Food for $1.7 billion

5:05pm IST

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.

S.Africa's mines, energy minister says all options open for future power supply

04 Jun 2019

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 crisis.

South Africa's Ramaphosa retains Mboweni, Gordhan in new, leaner cabinet

30 May 2019

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

Sibanye's $286 million Lonmin takeover gets all clear from shareholders

28 May 2019

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.

UPDATE 2-Divisions emerge as South African central bank holds rates, cuts growth outlook

23 May 2019

* Cuts 2019 growth outlook again (Adds further details, new MPC member, Eskom)

Sasol raises cost estimate for U.S. plant by around $1 billion

22 May 2019

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.

UPDATE 2-Sasol raises cost estimate for U.S. plant by around $1 bln

22 May 2019

* Shares fall more than 10% (Adds CEO comment, share price, asset sale)

PLATINUM WEEK-Platinum firms gear up for tough S.Africa wage talks

15 May 2019

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.

UPDATE 2-AngloGold Ashanti plans to sell up in S.Africa

09 May 2019

* Company to keep primary Johannesburg listing for now (Adds detail, CEO comments, adds shares)

South Africa's Sibanye-Stillwater will consider changing primary listing

27 Mar 2019

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.

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