Africa Business In The News

Coca-Cola Africa appoints company veteran to lead SA operations

JOHANNESBURG, June 28 – Coca-Cola Africa on Wednesday appointed marketing veteran Roger Gauntlett as general manager of its South Africa business. In this role, Gauntlett will be responsible for managing the relationship with the company’s bottling partner Coca-Cola Beverages South Africa ensuring alignment, sustainable and profitable growth for the beverage giant’s business in the country. […]

Africa Business In The News

‘Tap into diaspora’s economy to boost intra-African trade’ – Afreximbank

KIGALI, June 28 – African Export-Import Bank (Afreximbank) president, Benedict Oramah, said on Wednesday that the African diaspora constituted a large economy outside the continent, and that Africa needed to develop strategies to attract it back into trading within its borders. Oramah decried the lack of market knowledge sating that it was a challenge for […]

Business In The News South Africa

FSB provisionally suspends JVN Asset Management (Pty) Limited

PRETORIA, June 24 – The registrar of financial services providers has provisionally suspended the authorisation of JVN Asset Management (Pty) Limited to act as a financial services provider with immediate effect. The decision follows the registrar receiving concerning information about the operations of JVN between March and June 2017, Financial Services Board (FSB) spokeswoman Tembisa […]

Business In The News South Africa

Group Five’s extraordinary general meeting sparks an exodus of board memebers

JOHANNESBURG, June 23 – Construction and engineering giant Group Five said on Friday that five directors will resign next month, including chairwoman Philisiwe Mthethwa, ahead of the extraordinary general meting called by one of the major shareholders. This comes after fund manager Allan Gray, whose clients hold 25 percent of the construction company, said last […]

Business In The News South Africa

Meat and petrol price increases drive up May CPI food inflation

JOHANNESBURG, June 21 – The headline Consumer Price Index (CPI) inflation lifted slightly in May to 5.4 percent from 5.3 percent year-on-year in April on food and petrol prices, Statistics South Africa said on Wednesday. Figures released on Wednesday, showed that South African food and non-alcoholic beverages price inflation rose to seven percent year-on-year in […]