African Business News

IT on the increase in South Africa

TABJ – Jan 16 - The South African IT services market is set to exceed R40 billion ($5 billion) in 2012, a new study by IDC has shown.The market research and advisory company noted that the IT sector has seen impressive growth, increasing around 8 ...
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Google apologises to Kenyan company

TABJ – Jan 16 - Web-giants Google have apologised to Kenyan start-up company Mocality, after allegations that they used unfair methods to collect information on local businesses based in the African nation.Accusations began when Mocality, a provider of online business listings, claimed that Google was ...
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Nigeria in strike nightmare

TABJ – Jan 13 - As Nigeria’s indefinite nationwide strike enters its fifth day, strains are beginning to show in Lagos, where most of its occupants survive on less than $2 a day.ATMS are running out of money, gangs of young men are roaming the ...
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Full steam ahead for Swazilink railway

TABJ – Jan 13 - Swaziland Railways and South African logistics group Transnet have signed a joint agreement to develop a 146 kilometre railway line from Lothair in Mpumalanga to Sidvokodvo Junction in Swaziland.Plans have also been made to upgrade the existing adjacent railway networks ...
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Business to give grads a boost

TABJ – Jan 13 - The South African Minister for Higher Education and Training, Blade Nzimande, has admitted that the current education system is inadequate, but stressed that business in the country is not doing enough to help unemployed graduates. There are an estimated 2 million ...
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Rugby round-up in Africa

TABJ – Jan 12 - The foundation created in memory of Scottish rugby union commentator Bill McLaren is backing a rugby coaching programme in 10 different countries across the African continent.The Bhubesi Pride organisation will provide all terrain vehicles to transport coaches and equipment to ...
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Turkish delight for SA

TABJ – Jan 12 - The South African Ambassador to Turkey, Vika Khumalo, announced at a conference this week that he is striving for a stronger relationship between the two countries. At the conference organised by the South African Turkish Business Association (SATBA), Ambassador Khumalo said: ...
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Rhino poachers poached

TABJ – Jan 12 - Two suspected rhino poachers have been killed by game rangers in the Kruger National Park.Earlier this week eight dehorned rhino carcasses were discovered in the southern section of the park; the first of this year after 2011 saw a total ...
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Still a Naira no-go

TABJ – Jan 11 - Naira trading was restricted once again on Nigeria’s interbank market as the general strike to protest the end of fuel subsidies entered its third day.Leon Myburgh and Coura Fall—Citigroup Inc. strategists based in Johannesburg—said that the strike is effectively shooting ...
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Kampala close-down

TABJ – Jan 11 - Shops and businesses in Kampala have closed and banks are being boycotted after Uganda’s central bank raised its rates last year.Interest rates of up to 27 per cent are reportedly devastating businesses in the country’s capital and customers travelling through ...
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