JOHANNESBURG South African retailer Steinhoff on Tuesday reported a $4 billion operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact of a $7.4 billion accounting fraud. | Video
VREDE, South Africa/JOHANNESBURG Struggling farmer Meshack Ncongwane was a life-long supporter of South Africa's governing African National Congress, but says the party won't get his vote in parliamentary and provincial elections next week.
JOHANNESBURG, April 18 South Africa's state
pension fund denied considering a former banking executive as
its next chief executive as it seeks to fill a position which
has become increasingly sensitive given the successive
departures of its CEO and temporary replacement.
JOHANNESBURG Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals, the deputy mines minister said on Wednesday, part of efforts to lift output in a sector vital to the country's economic revival.
PRETORIA, March 28 South Africa's central bank
kept its benchmark repo rate unchanged at 6.75 percent on
Thursday in a unanimous decision, saying the risks to the
inflation outlook were "more or less evenly balanced".
JOHANNESBURG, March 28 Capitec Bank
will take hit of at least $25 million from cutting transaction
fees in 2019, its chief executive said on Thursday, as the South
African lender fights to defend market share from digital
JOHANNESBURG Tencent shareholder Naspers plans to float a portion of its e-commerce ventures on Euronext in Amsterdam, a move South Africa's biggest company said on Monday will create a $140 billion European internet giant.
JOHANNESBURG Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.
JOHANNESBURG South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
* Second high-profile to file for bankruptcy protection
(Adds analyst comment, detail)