• Subscribe
  • Register
A man enters a customer’s mobile cellphone sim card details on an MTN Group Ltd. registration machine at a roadside kiosk in Lagos last week.   Picture: BLOOMBERG/GEORGE OSODI

How MTN fixed its Nigerian headache

The appointment of former US attorney-general Eric Holder was a turning point in the telecoms company’s attempt to get its $3.9bn fine reduced

African Business

Safaricom, Vodafone’s Kenyan unit, names new finance chief

A customer waits outside the shuttered entrance of a Vodafone store ahead of opening in London. Picture: BLOOMBERG

Govinda Sateeth Kamath replaces John Tombleson, who the company has said will ‘progress to his next position’ despite a scandal over a land purchase

African News

Gunmen kill at least six on two buses near Kenyan border with Somalia

A burnt police car stands at the site of an attack by suspected al-Shabaab militants near Garissa, Kenya, on Tuesday. Earlier reports had indicated that at least 20 officers were feared dead, but the number was reduced to two injured and 13 missing. Picture: EPA

Somali militant group al-Shabaab carried out the attack, said Abdiasis abu Musab, al-Shabaab’s spokesman for military operations

African Business

Mobile operators ordered to float on Tanzania’s exchange

Picture: REUTERS

Tanzania has tabled an amendment in a finance bill that will force its eight telecoms operators to float 25% of their shares on Dar es Salaam’s thinly traded stock exchange

Opinion

Too few PhDs in Africa limit contribution to policy making on climate change

Climate change is only one of the challenges facing Africa as the sub-Saharan Africa region pursues growth which the International Monetary Fund expects to be 5.7% between 2014-19. File picture: REUTERS/SIEGFRIED MODOLA

Systemic, long-term collaboration cannot happen unless higher education is made a priority by governments, as it has been in East Africa

Opinion

Rail the key to unlock growth in Africa

Construction workers work at an overpass bridge, a section of the Mombasa-Nairobi standard gauge railway, at Emali in Kenya last October. Picture: REUTERS/NOOR KHAMIS

All studies conclude that if Africa had an integrated rail network system the cost of doing business would be reduced

African Perspectives

Mozambique’s flare-up of conflict is an unresolved elite power struggle

Afonso Dhlakama, head of Mozambique's opposition party Renamo. Picture: REUTERS

Real grievances of people not addressed, say speakers at Institute for Security Studies discussion

African Business

Zimbabwe says foreigners can repatriate profits

A broker makes a bid at a morning trading session of the Zimbabwe Stock Exchange in the capital Harare.   Picture: REUTERS

Despite shortage of dollars that has forced Zimbabwe to limit payments and imports, RBZ tells foreign investors they are able to send funds abroad

African News

In Egypt, freedom loses out to stability

Picture: THINKSTOCK

Government crackdown on human rights shows little signs of easing three years after Morsi’s ousting

A couple stands in front of a shelf at the International Trade Fair in Duesseldorf, Germany, March 15.  The EU’s share of foreign direct investment fell to 17% in 2013 from more than 40% in 2000. Picture: EPA/JONAS GUETTLER

Africa likely to feel full weight of Brexit fallout

The 28-nation trading bloc is by far Africa’s biggest source of trade and foreign investment, so Britain’s decision to leave the EU will hit the continent hard

Telecoms & Technology

MTN pays first instalment of Nigerian fine

An employee of mobile phone operator MTN tries to register a client with the network in the Obalende district of Lagos. Picture: AFP PHOTO/PIUS UTOMI EKPEI

Company says it has also paid N18.96bn for a 10-year licence won at auction that will enable it to provide superfast wireless networks

African Business

New find of helium means MRI scanners — and party balloons — not in danger

Picture: FINANCIAL MAIL

A team from the UK and Norway uncovered has 54-billion cubic feet of the noble gas in Tanzania’s Rift valley, according to The Guardian

Opinion & Analysis

Role of independent expert in UN body will advance realisation of human rights

Picture: BLOOMBERG/DANIEL ACKER

SA must continue to take the lead within the UN and Africa in advancing the promotion of human rights, write Yasmin Sooka, Monica Tabengwa and Frans Viljoen

Telecoms & Technology

Telecoms giant rises out of Neotel sale

Picture: THINKSTOCK

Econet deal set to create Africa’s largest broadband network

African News

Morgan Tsvangirai says he is undergoing treatment for colon cancer in SA

‘HUGE FARCE’: Zimbabwean opposition leader and Prime Minister Morgan Tsvangirai at a media briefing in Harare on Thursday. Picture: REUTERS

Tsvangirai, who was Zimbabwe’s prime minister in a coalition with Robert Mugabe from 2009-13, says it is important for leaders to disclose their health status

African News

Zimbabwe wildlife authority suspends DG as stored rhino horn goes missing

Rhino horn. Picture:  AFP PHOTO / ROBERTO SCHMIDT

Zimbabwe stores 70 tonnes of elephant and rhino ivory worth $35m, and is seeking support from neighbouring countries to engage in international trade in ivory

Opinion

The empty-chair syndrome in African leadership

Picture: THINKSTOCK

When a leader of one of Africa’s largest nations finally clinches the Ibrahim prize, it will be time to declare that Africa’s leadership has turned a corner

Picture: THINKSTOCK

Unicef report paints a bleak fate for the world’s children

Unicef’s 2016 report The State of the World’s Children find that 69-million of children under the age of five will die from mostly preventable causes by 2030

African Perspectives

News Analysis: Is this the right time for the UN to leave Liberia?

Picture: BLOOMBERG/DANIEL ACKER

After 13 years, Unmil will return security control to a vastly underfunded military and police force that do not inspire confidence in a still-traumatised populace

African News

Dollar shortage highlights Zimbabwe’s woes

Zimbabwe’s economic woes show no sign of abating as the unemployment rate remains at more than 80%, fuelling resentment against President Robert Mugabe’s government. Picture: REUTERS

Fears grow of native currency returning amid desperate bid to reopen credit lines with the International Monetary Fund and World Bank

African Business

Investors wary of African deals amid currency mayhem

Picture: THINKSTOCK

There has been a marked drop in private equity deals in the sub-Saharan region with transactions falling to $760m from $6.1bn

Energy

Energy investors’ big plans for Africa

Harith CEO Tshepo Mahloele. Picture: BLOOMBERG

Major investors in infrastructure projects pool $3.3bn assets and target listing in three years

Industrials

Omnia ungeared in spite of difficult year

Rod Humphris. Picture: MARTIN RHODES

Chemicals group CEO Rod Humphris highlights stringent capital management and growth in Africa

African News

Zimbabwe’s Hwange coal mine to cut 1,500 jobs, minister says

Picture: ISTOCK

Partly state-owned Zimbabwean coal miner Hwange Colliery plans to halve workforce to make it more viable and puts measures in place to protect it from lawsuits

African News

Nigerian senate head in court on corruption charges

Lagos, Nigeria. Picture: EPA/AHMED JALLANZO

Bukola Saraki, a member of President Muhammadu Buhari’s party, is accused of ‘forging’ rules to win his senate seat in June 2015

Europe

Danone and Clover face off on the shelves

Danone executive vice-president for Africa Pierre-André Térisse says Africa's demographic make-up suits the company’s ambition to provide healthy food and infant nutrition products to boost its €1.5bn in annual African sales. Picture: REUTERS/THOMAS MUKOYA

Former partners in the dairy industry are chasing market share, writes Brendan Peacock

African News

Africa’s richest man got a fistful of dollars in Nigerian currency squeeze

Picture: BLOOMBERG

Companies owned by Aliko Dangote have landed a healthy share of a restricted supply of dollars — but they play a pivotal role in diversifying the economy

African Business

African phones open bank doors

Picture: BLOOMBERG/TREVOR SNAPP

For most of these consumers, mobile banking will be first experience with financial services

National

Department responds to reports of South African kidnapped in Nigeria

Property is seen along a road in the Ikoyi district in Nigeria's commercial capital Lagos.  Picture: REUTERS

Department of International Relations and Co-operation says it has not been informed officially but is aware of reports of an attack on an international company’s employees

African News

Drought and doubt hits Sadc agribusiness

Picture: THINKSTOCK

Agricultural GDP is likely to be in recession in this quarter and the next as a result of a ravaging El Niño-induced drought

Standard Bank

  • All Share : 52357.5
    Change: 0.27%
    Top 40 : 46015.54
    Change: 0.09%
    Financial 15 : 14680.46
    Change: -0.23%
    Industrial 25 : 70820.91
    Change: -0.18%
    Resource 10 : 30864.83
    Change: 1.86%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • FTSE 100 : 6577.83
    Change: 1.13%
    Dow Jones Industrial : 17949.37
    Change: 0.11%
    All Share : 52357.5
    Change: 0.27%
    ASX All Ordinaries : 0
    Change: 0.00%
    S&P 500 index : 2102.95
    Change: 0.19%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • ZAR/USD : 14.5606
    Change: -1.16%
    ZAR/GBP : 19.2902
    Change: -0.05%
    ZAR/EUR : 16.2052
    Change: -0.82%
    ZAR/JPY : 0.1415
    Change: -0.42%
    ZAR/AUD : 10.917
    Change: -0.44%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • Gold US$/oz : 1341.9
    Change: 1.53%
    Platinum US$/oz : 1057
    Change: 3.53%
    Silver US$/oz : 19.75
    Change: 5.61%
    Palladium US$/oz : 604
    Change: 0.83%
    Brent Crude : 50.56
    Change: -0.18%
    All data is