Tuesday, January 23, 2018

On the mon£y

South African forward markets bet on central bank rate cut | Investing Home

JOHANNESBURG (Reuters) - South Africa’s central bank is most likely to cut interest rates by 25 basis points on Thursday, forward markets showed on Wednesday, as the rand currency continues its rally and...

Zimbabwe: Govt to Lower Taxes

Government will soon lower tax brackets for various economic players as an incentive to encourage investment in the country and grow the tax base. Addressing Zimbabweans and investors in Namibia on Monday where...

Zimbabwe finance minister says bond notes to stay for now | Investing Home

HARARE (Reuters) - Zimbabwe will not stop using “bond notes”, a domestic quasi-currency, until the economy fully recovers, Finance Minister Patrick Chinamasa said on Wednesday. The southern African nation in November 2016 started...

Tanzania: Online Registration for Companies Begins Next Month

ONLINE registration of companies will begin next month after completion of preparation of an online registration system, the business registration and licensing agency (BRELA) has said. The agency said in a public note yesterday...

South African retailer TFG rallies on December sales jump | Investing Home

JOHANNESBURG (Reuters) - The Foschini Group (TFG) reported a more than 30 percent jump in December sales, buoyed by recent British acquisitions, lifting the South African retailer’s share price by 5 percent. A...

Tanzania: ACACIA Gold Production Down in Quarter 4

By By Daily News ReporterACACIA Mining has posted 30 per cent decrease in quarter four gold production as it continues to support the efforts towards achieving resolution with the government. The Interim Acacia Chief...

South Africa’s central bank adds seventh member to monetary policy committee | Investing Home

JOHANNESBURG (Reuters) - South Africa’s central bank said on Tuesday it had appointed Fundi Tshazibana as the seventh member of its monetary policy committee, and that the former IMF staffer will also act...

Tanzania: Cattle Prices, Supply At Pugu Market Decline

By By Daily News ReporterPRICE and supply of cattle at Pugu auction registered a decline on the first and second week of January but did not have impact on the retail businesses in...

Eskom’s bonds face suspension from South Africa exchange | Investing Home

JOHANNESBURG (Reuters) - South Africa’s stock exchange has not received Eskom’s interim results on time and if they are not submitted by Jan. 31 trading of the power utility’s debt may be suspended,...

Ethiopia: A Great Complement to Ethiopian’s Fleet

Ethiopian Cargo and Logistics Services, a division of the Ethiopian Airlines Group , has committed to lease the first two Boeing 737-800 freighters (737-800SF) converted by Aeronautical Engineers, Inc. (AEI) from GECAS, with...