JSE listed UK mall owner Intu Properties, whose share price reached a record low earlier in January, said on Monday it was now targeting an equity raise in February as it seeks to shore up a balance sheet that has been battered by weak retail conditions in the UK.
Tokyo — Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the Opec member to be cut to a trickle.
Successive presidents in the democratic era have not displayed a reluctance to leave home. Thabo Mbeki seemed determined to criss-cross the globe as many times as possible. Jacob Zuma and President Cyril Ramaphosa have also shown great enthusiasm for travel.
For the world’s poorest continent, faster and higher growth is a necessity. Countries such as Ivory Coast, Ethiopia and Rwanda are among the top 10 fastest-growing economies globally, yet most economies are still dominated by informal small businesses.