South Africa Aims to Boost Tourism as The Growing Sector Contributes Significantly to the African Economy

South Africa Tourism Minister Derek Hanekom said in the Meeting Africa 2016 forum that the boost in tourism could benefit the local economy. Tourism has been increasing phenomenally in recent years as the government aims to invest more in the sector.

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World's Largest Metal Producer Reports Profit Fell to 86%

Amplats revealed a shocking 86% loss in its 2015 earnings report. The world's largest metal producer is facing a grim situation of reduced capital expenditure, mine closure, employment cutbacks, and shelving of projects.

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South African firm Times Media picks up 49pct stake in Radio Africa in $18.6M deal

Johannesburg, South Africa-based media firm Times Media Group (TMG) picked up a 49% stake in Nairobi, Kenya-based broadcasting company Radio Africa Ltd in a deal valued at $18.62 million ZAR1.58 billion.

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Africa's biggest retirement fund administrator exits stake in Swiss unit of Lane Clark & Peacock ahead of IPO

Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).

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Glencore Xstrata to debut on the Johannesburg bourse

With an expectation of strong demand for its shares in the market, Glencore Xstrata would be making its market debut in the Johannesburg bourse today.

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Private equity fund hires former Standard Bank Group execs for Johannesburg office

One Thousand & One Voices formed its private equity team to run its office in Johannesburg.

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