City Johannesburg Financial News

World Cup 2023 final. The Men in Blue will take on Australia on November 19 at the Narendra Modi Stadium in Ahmedabad. The last time when India were in a World Cup final, they lifted the trophy under the captaincy of Mahendra Singh Dhoni.

JOHANNESBURG (Reuters) — South African lender Investec on Thursday reported half-year profit up 15.3%, led by increased loan volumes, corporate deposits and funds under management.

U.S. officials and lawmakers expressed support for the extension of a trade program that grants eligible African countries duty-free access to U.S. markets

Anchorage Capital Partners’ busy dealmakers have stocked up on more than $500 million for their fourth buyout fund, while they chase ASX-listed radio player Southern Cross Media in a tie-up with ARN Media.

European stocks posted modest gains as traders awaited US jobs numbers due later Friday that will test optimism over whether the Federal Reserve’s tightening cycle is nearing an end. 

A company official says more than 100 miners have escaped from a gold mine in South Africa after being held underground for three days by fellow employees in a union dispute

Police in South Africa say a group of gold miners from an unregistered, rival union are holding hundreds of colleagues underground for the second day over a union dispute

(Reuters) — Still punchy after a bond market rout and forex market gyrations, financial markets are bracing for U.S. inflation numbers and the start of earnings season.

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

The South African government and the national poultry association say about 7.5 million chickens have been culled in an effort to contain outbreaks of two separate strains of bird flu that have threatened to create a shortage of eggs and meat for consu...

India will assist in maintaining all sites connected to Mahatma Gandhi in South Africa, the Indian envoy here said on Monday as the world marked the 154th birth anniversary of the global peace icon. On the occasion of Gandhi Jayanti, High Commissioner Prabhat Kumar paid floral homage to the bust of Gandhi at the Constitutional Court premises here, which was once a prison where the Mahatma and his followers served sentences during their resistance to discriminatory laws.

JOHANNESBURG (Reuters) — South Africa's producer inflation quickened to 4.3% year on year in August from 2.7% in July, statistics agency data showed on Thursday.

Todd Matshikiza through a colourful doodle. Created by South African artist Keith Vlahakis, the cartoon commemorates the maestro’s masterpiece the cantata ‘Uxolo’ (meaning peace) was played by the orchestra at the Johannesburg Festival on September 25, 1956.

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

Vedanta Resources has appointed South African mining veteran Chris Griffith to run its base metals unit, including its recently regained Zambian copper mines. Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold. Much of Griffith's career has been at Anglo American where he ran Kumba Iron Ore and was instrumental in restructuring and turning around Anglo American Platinum . Griffith will head Vedanta's base metals unit, including zinc mines in Namibia and South Africa, an iron ore business in Liberia and will have oversight over processing businesses in the Middle East and India. A mining engineer, Griffith will probably be more focused on restoring Konkola Copper Mines to profitable operation after the Indian company was given back control of the assets by Zambian authorities after years of protracted battle over the ownership. «I look forward to driving innovation, operational efficiency and sustainable growth across Vedanta's base metals businesses, creating KCM as a cornerstone asset for the company and growing the group internationally,» he said in a statement. Vedanta has pledged to invest about $1 billion in the Zambian operation, where some of its underground mines «need immediate recapitalisation», Mines Minister Paul Kabuswe said on Sept.

G20 meeting in New Delhi. Xi has not missed a single G20 since he came to power in 2012. Whether Xi’s absence is a snub aimed at India or whether China is turning against the construct of the G20 itself, only time will tell.

JOHANNESBURG—Walmart’s investment in Africa tanked. It is responding by doubling down. More than a decade ago, Walmart spent $2.4 billion to buy a controlling stake in South African retailer Massmart, which also had operations in a dozen other sub-Saharan countries.

The Western Australian tourism minister wants new Qantas boss Vanessa Hudson to sort out a long-running dispute with Perth Airport over when the airline’s flights will move to a new central terminal.

By Olivia Kumwenda-Mtambo

JOHANNESBURG (Reuters) — South Africa's National Treasury said it will implement a number of cost-cutting measures to rein in government spending, including a hiring freeze, after a shortfall in revenue collection.