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Archive for June, 2012

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South Africa’s ANC to debate 50% mining tax

Tuesday, June 26th, 2012

South Africa’s ruling African National Congress may endorse plans to raise mining taxes and increase state control over the economy as President Jacob Zuma shores up grassroots support ahead of a party election.

IMF urges Congo to improve mining revenue collection

Tuesday, June 26th, 2012

KINSHASA (Reuters) - The Democratic Republic of Congo needs to continue improving governance and transparency in its extractive sector if it is to receive the latest instalments of a $550 million loan, the International Monetary Fund (IMF) said on Monday.

Brics bank ‘will boost SA’

Tuesday, June 26th, 2012

The development bank planned by Brics member states could help South Africa fast-track its multibillion-rand infrastructure programme, Nomaxabiso Majokweni, Business Unity SA CEO, told an ANC business forum on Monday.

Nedbank readies mobile app

Tuesday, June 26th, 2012

Nedbank has become the second of SA’s big four banks to embrace mobile technology by way of introducing a banking application.

Nigeria’s governors back sovereign wealth fund

Tuesday, June 26th, 2012

ABUJA (Reuters) - Nigeria’s powerful state governors said on Monday they had approved federal government’s proposal to launch a sovereign wealth fund with an initial $1 billion, ending months of political wrangling.

Ai40 Index Weekly commentary - 22 June 2012

Monday, June 25th, 2012

The Africa investor 40 (Ai 40) Investor’s index gained 0.46%, to settle at 107.44 points during the trading week. The year-to-date change now stands at -18.35%.

African Bank Governors seek ties with Israel

Monday, June 25th, 2012

Central bank governors from 6 emerging African nations including, Uganda, Swaziland, Ghana, Kenya, South Sudan and Equatorial Guinea wrapped up an intensive week of meetings with high-ranking Israeli government officials, as well as banking and financial leaders in Jerusalem and Tel Aviv on Thursday, as part of an effort to forge closer economic ties between […]

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