R/€ = 15.94 Change: -0.37
R/$ = 13.76 Change: -0.33
Au 1275.19 $/oz Change: -5.11
Pt 868.50 $/oz Change: -16.98


Gupta firms sue Bank of Baroda to try stop account closures  

By: Bloomberg     17th August 2017 Companies controlled by the Gupta family, whose accounts are being closed down by Bank of Baroda, said they’re taking legal action against the lender to try and stop the termination, which comes after South Africa’s four biggest lenders cut banking services for the family that’s in business with... 

Fitch next to downgrade Eskom, Transnet to align with sovereign ratings

By: Natasha Odendaal     12th April 2017 South African State-owned Eskom and Transnet have also been downgraded by ratings agency Fitch to align with the recent downgrade of South Africa’s sovereign rating. Eskom’s long-term local currency issuer default rating (IDR) and the senior unsecured local currency rating have been downgraded... 

Barclays Africa plans Kenya gold ETF listing early this year

By: Chanel de Bruyn     27th February 2017 Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based... 

Nedbank urged by Minerals Minister to retain Guptas as clients

By: Bloomberg     13th December 2016 Nedbank Group said South African Mineral Resources Minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. Nedbank, in a letter to Oakbay Investments dated... 

Ethos buys controlling stake in AutoZone

By: Sashnee Moodley     21st January 2015 Private equity investor Ethos has bought a controlling interest in Southern Africa-focused aftermarket automotive parts retailer and wholesaler AutoZone for an undisclosed amount. 

Absa, SMBC to prioritise Moz natural resources development

By: Creamer Media Reporter      14th January 2014 Absa, a wholly owned subsidiary of Barclays Africa Group, has signed a cooperation agreement with Japanese bank Sumitomo Mitsui Banking Corporation (SMBC) focused on the development of Mozambique’s natural resources, infrastructure and water security – which are all expected to deliver... 


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