Africa Business In The News

Coca-Cola Beverages Africa buys Equator Bottlers in Kenya

JOHANNESBURG, July 6 – South Africa-headquartered Coca-Cola Beverages Africa (CCBA) announced on Thursday that it has concluded negotiations to acquire Equator Bottlers, the third largest Coca-Cola bottler in Kenya, for an undisclosed amount of money. This comes after the acquisition was approved by the Competition Authority of Kenya last week Friday. Equator Bottlers Limited is now owned […]

Business In The News South Africa

Competition Commission approves Tharisa Minerals acquisition of MMC Contracts

JOHANNESBURG, July 6 –  Tharisa Minerals announced on Thursday that the Competition Commission had approved its acquisition of MCC Contracts. Last month, Tharisa Minerals entered into a R303.3 million deal to purchase a portion of the mining fleet and transfer employees from its mining contractor in a bid to transition to an owner mining model. MCC Contracts […]

Business In The News South Africa

Government has no intention of amending Constitution on SA Reserve Bank’s mandate

CAPE TOWN, July 5 – Finance Minister Malusi Gigaba has instructed legal counsel to institute judicial review proceedings in a bid to have Public Protector Busisiwe Mkhwebane’s findings and remedial action on Absa Bank and the SA Reserve Bank (Sarb) set aside, his office announced on Wedneday afternoon. In her report titled “Alleged Failure to […]