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October 22, 2018

SA REMAINS AFRICA’S TOP PICK FOR FOREIGN INVESTORS

SA is still the most attractive financial market for international investors in Africa, according to the Absa Africa financial markets index.

The country remained in the top position for the second year running with a score of 93 out of 100, supported by strong financial market infrastructure and a robust legal framework.

Despite this, the report warns that SA’s macroeconomic performance deteriorated in the past year as it plunged into recession for the first time since the global financial crisis, exposing SA to “rising financial risks”.

This could result in the country being challenged for the top spot by the likes of Kenya, Nigeria and [...]

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March 8, 2018

Listeria outbreak: SA neighbours ban meat exports

Four countries in southern Africa on Monday took steps against South African chilled meat imports made at a factory found to be the origin of the world’s worst-ever listeria outbreak.

Mozambique and Namibia announced they were immediately suspending imports of the products. Botswana said it was recalling the items “with immediate effect”, while Zambia called on South African retail chains in its country to pull the incriminated goods from local shelves.

Since January 2017, 948 people in South Africa have contracted listeriosis – a disease caused by bacteria from soil, water, vegetation and animal faeces which can contaminate fresh food, notably [...]

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May 5, 2017

China seeks more African oil downstream operations

Chinese government officials have hinted that oil companies from the Asian country could purchase more African oil downstream operations, this follows China Petroleum & Chemical Corporation’s (Sinopec) purchase last month of a controlling stake in Chevron’s southern African subsidiary, Caltex.

Sinopec paid $900m for Chevron equity in the Chevron South Africa (CSA) refinery in Cape Town, oil storage facilities, a lubricants factory in Durban and the Caltex service station distribution network across South Africa and Botswana. It had been reported that other companies were interested in buying the assets, including oil trader Glencore and French oil giant Total but they [...]

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March 14, 2017

African CEOs to meet in Geneva to discuss investment in Africa

Africa CEO Forum will look at revitalising investment flows into the continent and comes at a time when commodity prices are showing signs of recovery

About 20 South African CEOs are expected to attend the Africa CEO Forum, which, is taking place in Geneva, Switzerland, later in March.

The fifth edition of the forum is due to focus on international investments in Africa. It is running from March 20–21.

The forum will look at revitalising investment flows into Africa and comes when commodity prices are showing signs of recovery.

The forum is expected to host 1,000 key decision makers in industry, finance and politics from across the globe.

Some of [...]

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