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  • October 18th, 2017Orange officially launches in Sierra Leone

    October 18, 2017 10:44 AM 21

    Orange, one of the world’s leading telecommunications operators, announces today, 18 October 2017, the official launch of its brand in Sierra Leone. The acquisition of Airtel Sierra Leone was finalised in July 2016 by Orange, together with its Senegal-based partner Sonatel, allowing the Orange Group to reinforce its presence in West Africa. Sierra Leone

  • De Beers has a rough time at eighth diamond sale

    October 17, 2017 7:55 AM 15

    De Beers reported sharply lower revenue in its eighth sales event of the year, cutting back the size of its offering because of reduced demand as a result of religious holidays in India and Israel, two major rough diamond buying countries. De Beers reported revenue of $370m for the eighth of ten annual sales, down from the $494m it realised at the same period

  • South Africa's Cenbank Cautious About More Rate Cuts-Deputy Governor

    October 17, 2017 6:12 AM 14

    JOHANNESBURG — The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said. "Amid such elevated uncertainties, and despite the subdued nature of domestic demand, it is not clear how much space exists, if at all, for additional policy rate cuts by the (Monetary

  • Qualcomm’s bid for a China iPhone ban will fail, says Apple

    October 16, 2017 1:37 PM 13

    Shanghai — Apple has rejected as "meritless" a legal move by Qualcomm to ban iPhone sales in China, the latest salvo in a bitter patent battle between the two US tech giants. Bloomberg News reported on Friday that Qualcomm had filed a lawsuit in Beijing seeking a ban on the assembly and sale of iPhones in China — a vital Apple manufacturing base and sales

  • Spanish shares lag European markets on Catalonia uncertainty

    October 16, 2017 8:38 AM 17

    MILAN (Reuters) - Spanish stocks lagged a steady European market on Monday as uncertainty over the Catalonia crisis and a profit warning from renewables energy firm Siemens Gamesa weighed. Spain's country index IBEX .IBEX fell 0.7 percent by 0750 GMT, while the pan-European STOXX 600 benchmark added 0.1 percent, staying near the four-month highs hit last week as optimism

  • Francistown still struggling after TNMC closure

    October 16, 2017 4:00 AM 14

    Today is exactly one year and six days since the BCL Group was placed under provisional liquidation by the High Court due to its non-profitability, rendering thousands of workers jobless in the process. The BCL Group operated BCL mine and Tati Nickel Mining Company (TNMC). The economy of Francistown, which was attached to TNMC like Siamese twins, suffered

  • Automation bug bites FNB

    October 13, 2017 6:05 PM 18

    The advent of automation in the international banking industry has brought about the replacement of humans in the daily operations of the banking system, a development that has seen major retrenchments in banks across the world. The phenomenon has hit home as the bug is slowly gnawing away at the internal operations of local financial institutions with banks

  • The Latest: FDA advisers endorse gene therapy for blindness

    October 12, 2017 7:25 PM 13

    The Latest: FDA advisers endorse gene therapy for blindness U.S. health advisers have endorsed an experimental approach to treating inherited blindness, setting the stage for the likely approval of an innovative new genetic medicine. A panel of experts to the Food and Drug Administration voted unanimously in favor of Spark Therapeutics' injectable therapy

  • Rand gains as importers cash in on rally

    October 12, 2017 6:25 AM 16

    JOHANNESBURG - The rand firmed by more than 1% against the dollar for a second consecutive session yesterday boosted by a lull in local politics and some importers stepping in to buy the currency before the rally fades. Stocks inched higher, led by hotel group Sun International and clothes retailer Truworths. At 5pm, the rand bid at R13.5759 to the dollar

  • Wedged between Macy’s and iTunes: Why Steinhoff could become world’s 15th largest retailer

    October 12, 2017 5:11 AM 5

    Once Star obtains a stake in Shoprite, Steinhoff will become the 15th largest retailer in the world. After the option is exercised, Steinhoff will own a 12% economic interest in Shoprite. This economic interest and additional voting rights will give Steinhoff majority voting rights of 50.7% and, effectively, control of the African food retailing champion