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Namibia seeks to review diamond joint venture terms with De Beers

Namibia wants to review the terms of its diamond mining joint venture with the international giant De Beers to ensure more stones are cut and polished locally, a cabinet minister said on Monday, 22 June 2015...

Could Africa become like China?

Africa's changing demographic over the next three-and-a-half decades could transform the continent into the next China, but only if its youthful population is educated and entrepreneurial.

By Jana Marais

Postive results likely from US-Africa summit says Davies

South Africa and Africa in general benefitted immensely from the recent US-Africa Leaders' Summit held in Washington last week, Trade and Industry Minister Rob Davies said on his return.

Africa must look for partnerships

Africa needs to form partnerships with the developed nations in order to realise the continent's goal to industrialise, International Relations and Cooperation Minister Maite Nkoana-Mashabane said .

By Chris Bathembu

AECI plans to reduce its reliance on a weak SA

JSE-listed AECI plans to start producing explosives in Australia by year-end‚ as the chemicals and explosives firm looks to reduce its reliance on South Africa's weak mining and manufacturing sectors.

By Nick Hedley

Sanlam looking to invest in Africa, South-East Asia

Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.

By Phakamisa Ndzamela

Transnet seeks greater SADC investment in rail networks

Transnet has pleaded with Southern African Development Community (SADC) countries to invest more on railway infrastructure to improve intra-regional trade.

By Mpho Sibanyoni

Zimbabwe central bank has 'no tools' to fix economy

Zimbabwe's new central bank chief said the country's economy was weakening and the bank did not have the tools to fix it.

Zimbabwe takes heart from Antwerp trial sale of gems

Zimbabwe is planning a second auction of its Marange diamonds next February‚ buoyed by the interest in and sale of more than 279‚000 carats of diamonds in Antwerp‚ Belgium. The sale raked in US$10.7m.

By Ray Ndlovu

Barloworld plans Africa expansion

Barloworld is targeting six sectors to boost the growth of its business and is busy positioning itself "o expand into west and east Africa‚ according to company chief executive Clive Thomson.

By Nick Hedley

Bowman Gilfillan to increase of offices in Africa

South African law firm Bowman Gilfillan‚ which established an office in Botswana in October‚ is moving quickly to implement a medium-term strategy to have between 8 and 12 offices across Africa.

By Evan Pickworth

SA among slowest growing African economies

Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.

Gaberone to become diamond selling centre

De Beers is in the final stage of preparations to sell its global diamond output from Botswana's capital instead of London, from where the world's largest diamond producer has traditionally done its marketing.

By Brendan Ryan

Africa is a target for Citibank

Citibank is expecting to grow revenue in Africa as it sees opportunities in increased trade and investment‚ urbanisation and digitisation.

By Gillian Jones

Senegal "better than SA" in mining terms

Despite its drawbacks, Africa is the world's best region for finding viable new gold mines, with Senegal being the most highly rated destination while SA is far less attractive, says Randgold Resources chief executive Mark Bristow.

By Brendan Ryan

Steel market doldrums hurt BSI

BSI Steel's headline earnings per share plummeted 51% in the year ended March 31 amid declining steel consumption in the South African market.

By Mark Allix

Japan offers US$10bn to Africa

TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent.

Africa must make better use of resources

Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May).

By Mariam Isa

Wind power to change Africa

Private investors smell profit in beefing-up the continent's over-stretched power grids and swarms of new wind turbines are soon expected to start going up.

AngloGold's focus on cutting costs

AngloGold Ashanti is gearing up to sell a second mine as the company deepens its focus on delivering value to shareholders in a difficult gold market‚ new chief executive Srinivasan Venkatakrishnan said on Monday (13 May).

By Allan Seccombe

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