CNBC Africa
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CNBC Africa
Shoprite lifted by sales jump and potential Nigeria exit
JOHANNESBURG (Reuters) – Shoprite Holdings could become the latest South African retailer to retreat from other African markets after it said on Monday that it is considering reducing or selling all of its stake in its Nigerian subsidiary. The company has been reviewing its long-...
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CNBC Africa
South Africa’s July Absa PMI signals slower manufacturing improvement
JOHANNESBURG (Reuters) – South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in July, although at a slower rate compared to the previous month. The index, which gauges manufacturing activity in Africa’s most industrialised economy, fell to 51.2 point...
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CNBC Africa
COVID-19: IMF approves second RFI loan to Gabon
Gabon is added to the list of African countries that have received an IMF loan under the Rapid Financing Instrument scheme; this is also the second loan to the country amid the COVID-19 crisis bringing the total loan to $300 million. Ridle Markus, Africa Strategist, Absa Corporat...
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CNBC Africa
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CNBC Africa
South Africa’s COVID-19 cases surpass half a million
Just over 3 million people have so far been tested for the virus in South Africa, which confirmed its first case five months ago, and 8,153 deaths have been recorded. Africa has recorded 934,558 cases, 19,752 deaths and 585,567 recoveries, according to a Reuters tally.
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