South Africa

GSK raises $853 million by halving stake in South African drugmaker

GlaxoSmithKline (GSK.L) has taken profits in Aspen Pharmacare (APNJ.J) by selling half its stake in the South African drugmaker for $853 million, following a long investment in the firm.

Read Full Article

'Made in China' nuclear reactors a tough sell in global market

As China signs global deals to export its nuclear power technology, it faces a huge obstacle: it still needs to show it can build and safely operate these reactors at home.

Read Full Article

GM and China’s SAIC to push into Indonesia with no-frills vans

General Motors (GM.N) and Chinese partner SAIC Motor Corp (600104.SS) will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.

Read Full Article

Islamic finance looks to outgrow bad habits as it expands

After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.

Read Full Article

More losses loom for Russian bonds as credit rating heads back to junk

Russia's credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another wave of capital outflows.

Read Full Article

Aspen, Cipla win share of $860 million South Africa AIDS drug tender

South Africa will spend 10 billion rand ($860 million) between 2015 and 2017 on life-prolonging HIV/AIDS treatment drugs, health authorities said on Wednesday, as studies show the prevalence of the virus is rising.

Read Full Article

Amplats gets $385 million offer for Bokoni mine stake

Anglo American Platinum has received a 4.5 billion rand ($385 million) offer for its 49 percent stake in the Bokoni mine in northeast South Africa, a source said on Wednesday, pushing its shares higher.

Read Full Article

U.S. buyout firm Carlyle enters South Africa with tyre deal

Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.

Read Full Article

Egypt expects new African trade bloc in December: minister

Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58 percent of the continent's economic activity, Egypt's industry and trade minister said.

Read Full Article

Strikes cast shadow over Ford's South African investment prospects

U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.

Read Full Article

Ukraine must buy coal from Russia to get through winter: energy ministry

Ukraine will be forced to buy coal from Russia to get through the winter, a serious setback to the country's efforts to lessen energy dependence on its powerful neighbor, Ukrainian Energy Minister Yuri Prodan said on Wednesday.

Read Full Article

South Africa signs nuclear agreement with France

South Africa has signed a nuclear power agreement with France, the government said on Friday, three weeks after it reached a similar deal with Russia as part of Pretoria's first tentative steps towards building up to 9,600 MW of nuclear power.

Read Full Article

Briton denies guilt in South African 'honeymoon murder' trial

Millionaire British businessman Shrien Dewani on Monday denied arranging his bride's murder during their honeymoon in South Africa, four years after she was found shot dead in an abandoned car.

Read Full Article

Nomanini secures additional ZAR 4.8million investment for international expansion

Nomanini was able to secure an additional investment of ZAR 4.8 million ($449,000) from the Industrial Development Corporation (IDC). The company provides a unique and colorful mobile Point-of-Sales (Pos) terminal to mobile operators...

Read Full Article

JX Nippon Oil & Energy Corporation opens office in African region

JX Nippon Oil & Energy Corporation has opened an office in Johannesburg, South Africa that could indicate possible company expansion as the former looks to collaborate with exploration and retail firms.

Read Full Article
1 2 3 4 5 6 7 8

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics