Edition:
India

Tiisetso Motsoeneng

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

11:18pm IST

Naspers lines up $8.2 billion war chest to scale up tech ventures

JOHANNESBURG Naspers plans to deploy its $8.2 billion war chest to step up growth in its e-commerce ventures, its chief executive said on Friday, part of a push to cut the company's dependence on its Chinese money spinner Tencent.

5:10pm IST

Steinhoff sells Austria properties to Benko's Signa in $570 million deal

BENGALURU/ JOHANNESBURG Crisis-hit Steinhoff will sell Austrian property assets valued at 490 million euros ($570 million) to tycoon Rene Benko's Signa Holding, it said on Friday, the latest sale by the South African retailer following an accounting scandal.

11 Jun 2018

'No sacred cows' - South African Airways boss plans deep cuts

By Tiisetso Motsoeneng, Olivia Kumwenda-Mtambo and Patricia Aruo

31 May 2018

South Africa's Treasury backs CEO of $160 billion state pension fund

JOHANNESBURG/CAPE TOWN South Africa's National Treasury on Thursday rallied behind Dan Matjila, the chief executive of the government's 2 trillion rand ($160 billion) state pension fund, dismissing a Bloomberg report that said it was considering his suspension.

24 May 2018

South Africa's Mediclinic takes hefty Swiss writedown, shares slide

JOHANNESBURG Mediclinic took a hefty $863 million (646.28 million pounds) writedown on its Swiss business on Thursday, tipping South Africa's biggest private hospital group into an annual loss and sending its shares tumbling.

22 May 2018

Focus: Beer maker AB InBev pumps up the volume in Africa

By Tiisetso Motsoeneng, Philip Blenkinsop and Martinne Geller

07 May 2018

Exclusive: South African farmers take AB InBev to competition watchdog

JOHANNESBURG Farmers in South Africa have filed a complaint with the country's competition watchdog about Anheuser-Busch InBev's decision to change its pricing formula for buying malt barley, a key ingredient in beer making.

04 May 2018

South Africa's JSE to tighten disclosure for debt issuers

JOHANNESBURG Africa's biggest securities exchange, the JSE Ltd , is crafting tighter disclosure rules for companies with listed debt instruments, combined with a greater focus on corporate governance to increase transparency.

26 Apr 2018

Ex-chairman Wiese stuns Steinhoff with $5 billion lawsuit

JOHANNESBURG Businessman Christo Wiese stunned crisis-hit Steinhoff with a $5 billion lawsuit on Thursday, sending shares of the South African multinational retailer fighting for survival after it uncovered accounting irregularities down 17 percent.

13 Mar 2018

Steinhoff sells part of stake in South Africa's KAP to help cut debt

JOHANNESBURG Crisis-hit South African retailer Steinhoff raised 3.66 billion rand ($311 million) from the sale of a 16.7 percent stake in KAP Industrial, another step in its efforts to shore up its finances and pay down debt.

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