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Isuzu announces R1.2bn investment in next-gen bakkie programme  

By: Irma Venter     11th November 2019 Isuzu Motors, of Japan, has confirmed that it will be investing R1.2-billion in the production of its next-generation one-ton bakkie in South Africa, while an additional total local parts and content value of R2.8-billion should be generated through the lifecycle of the assembly programme. This... 

Attack on Canadian miner in Burkina Faso threatens gold’s final frontier

By: Reuters     8th November 2019 As jihadists wreaked ever more havoc in the last two years, mining firms in Burkina Faso rolled out extra security measures, from barracks for government troops protecting them to safe rooms for workers behind barbed wire and mounds. Expatriates generally fly in and out, while local staff still... 

Voice, data and mobile financial services supports MTN Ghana’s growth

By: Natasha Odendaal     30th October 2019 MTN Ghana achieved a 22.7% service revenue growth to GH¢3 723-million during the nine months to September 30, supported by resilient growth in voice, data and mobile financial services. Earnings before interest, tax, depreciation and amortisation (Ebitda) grew by 63% to GH¢1 875-million with an... 

Kenyan team aim to stop fatal snake bites

By: Reuters     29th October 2019 Kenyan mother Beth Mwende heard her sleeping three-year-old cry out, but did not worry further after the child quickly settled - until the next morning, when she found her daughter, Mercy, semi-conscious with two fang marks in the neck. "I did not know that it was a snake," Mwende said, as she... 

MTN launches hackathon for new MoMo ambitions

By: Natasha Odendaal     22nd October 2019 Telecommunications group MTN is inviting developers and entrepreneurs across five countries to participate in its mobile money (MoMo) access programming interface (API) hackathon. The hackathon, in partnership with MoMo technology partner Ericsson, will give app developers based in Ghana, Uganda,... 

Asanko achieves record production in Ghana

By: Marleny Arnoldi     18th October 2019 TSX- and NYSE-listed Asanko Gold generated a record revenue of $91-million from selling 63 009 oz of gold in the third quarter, realising an average price of $1 443/oz. The company produced a quarterly record 62 440 oz from its 50%-owned Asanko gold mine, in Ghana, and is on track to meet its... 

Former German company now South African owned

By: Simone Liedtke     4th October 2019 Composite insulators and related products manufacturer Pfisterer has completed its rebranding initiative and is now known as Vexila. The rebranding follows after Pfisterer, which was solely owned by the German group Pfisterer, decided to exit the South African market owing to a strategic... 

ACSA reports sharp fall in profits, but remains profitable  

By: Rebecca Campbell     17th September 2019 State-owned Airports Company South Africa (ACSA) has again reported a profit in its latest annual results, for the 2018/19 financial year (FY). However, that profit, of R227-million, was 58.9% down on the profit of R552-million achieved during FY2017/18. Acting CEO (Ms) Bongiwe Mbomvu affirmed,... 

Ghana power producers say plan to save costs carries hefty bill

By: Bloomberg     16th September 2019 Ghana’s plans to stop paying for power that it doesn’t consume may cost the country as much as $2-billion in upfront claims. Private operators will not accept Finance Minister Ken Ofori-Atta’s proposal to renegotiate agreements and will demand the full payment of their contracts’ termination... 

Attacq delivers above-guidance performance on the back of Waterfall developments

By: Tasneem Bulbulia     10th September 2019 JSE-listed real estate investment trust (Reit) Attacq recorded a dividend a share of 81.5c for the financial year ended June 30, which is 10.1% higher year-on-year and exceeds its previously communicated market guidance. Attacq’s distributable earnings a share increased by 17.1% year-on-year to... 

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