Reutersmike Hutchings News

African Bank appoints ex-Liberty Holdings CEO as chairman

Dloti, who is also an ex-CEO of Old Mutual Investment Group and Liberty Holdings’ asset management subsidiary Stanlib, will be a permanent replacement for Louis von Zeuner, who left African Bank last July.

Reuters , Africa Mar 12, 2019

S.Africa's FirstRand HY profit rises amid 'challenging' year

JOHANNESBURG (Reuters) - FirstRand, which runs South Africa’s largest retail bank by market share, on Tuesday reported a 6 percent rise in half-year profit in an economic environment it described as “very challenging”.

Reuters , Africa Mar 12, 2019

S.Africa's Old Mutual FY profit drops; co plans $138 mln buyback

JOHANNESBURG (Reuters) - Old Mutual Ltd posted a 12 percent drop in adjusted full-year profit on Monday, missing its 2018 targets as a sluggish economy weighed on South Africa’s No.2 insurer’s first year as a stand-alone Africa-focused entity.

Reuters , Africa Mar 11, 2019

S.Africa's Standard Bank posts leaner FY earnings growth

Customers queue to draw money from an ATM outside a branch of South Africa's Standard Bank in Cape Town, March 15, 2016.

Reuters , Africa Mar 7, 2019

S.Africa's mines minister calls on police to quell violence at Sibanye mine

JOHANNESBURG (Reuters) - Growing unrest at Sibanye-Stillwater’s South African gold operations has left nine people dead since workers downed tools in November, prompting the country’s mines minister to call on the police to step in and protect the...

Reuters , Africa Mar 5, 2019

Rest of Africa drives Nedbank earnings growth of 14 pct

JOHANNESBURG (Reuters) - Nedbank, one of South Africa’s top lenders, said on Tuesday its full-year headline earnings rose by 14.5 percent, driven mostly by its business outside of the country, including once-troubled West African associate Ecobank.

Reuters , Africa Mar 5, 2019

South Africa's Tahir to end one-day career after World Cup

CAPE TOWN (Reuters) - South African leg-spinner Imran Tahir will quit the 50-over format after the Cricket World Cup this year, although he said on Monday he will remain available for Twenty20 internationals.

Reuters , Africa Mar 4, 2019

Du Plessis ton helps South Africa to easy win over Sri Lanka

JOHANNESBURG (Reuters) - South Africa captain Faf du Plessis scored an unbeaten century to lead his side to a comfortable eight-wicket victory over Sri Lanka in the first One-Day International at The Wanderers on Sunday.

Reuters , Africa Mar 4, 2019

Tahir among trio to lose South Africa contracts

CAPE TOWN (Reuters) - Cricket South Africa have not renewed the contracts of frontline spinner Imran Tahir, and all-rounders JP Duminy and Chris Morris, for the 2019/20 season, the union announced on Friday.

Reuters , Africa Mar 1, 2019

South Africa's rand weakens further as risk sentiment wavers

JOHANNESBURG (Reuters) - The South African rand weakened early on Friday after breaching the crucial 14.00 to the dollar mark following a selloff in emerging market currencies.

Reuters , Africa Mar 1, 2019