African Business News

Banking jobs bonanza in SA

TABJ – Dec 13 - As other international banks kick people out, South African lenders are actually hiring more staff. Consequently, employment in financial services climbed for a fourth consecutive month in November, rising 0.7 per cent to 1.63 million. That growth rate was only ...
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Indian inc

TABJ - Dec 12 - Maryland Gov. Martin O’Malley is seriously contemplating future economic development trips to Brazil and Africa, after his successful trade mission to India.The governor, who also travelled to China, South Korea and Vietnam earlier this year, touted Maryland businesses during his ...
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Oil be there

TABJ – Dec 9 - Indian Oil Corp and GAIL Ltd. are looking to pick up an equity stake in LNG projects in Africa to meet the country’s growing energy needs. Africa supplies 21.5 per cent of the nation’s crude oil requirement and Oil Minister ...
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New eco-power pledge

TABJ – Dec 9 - 45 South African companies have signed the voluntary Energy Efficiency Leadership Network Pledge to confirm their commitment to the cause. The pledge, compiled by Business Unity South Africa and the National Business Initiative (NBI), now has the support of companies ...
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African aviation

TABJ – Dec 9 - Africa is expected to have its first low-cost airline next year, thanks to one of the world’s leading aviation experts Stelios Haji-Ioannou, founder of EasyJet. Haji-Ioannou has signed a conditional agreement with Rubicon Diversified Investments (RDI) to help the development ...
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Glencore go for coal goal

TABJ – Dec 8 - Glencore, the world’s largest commodities trader, has obtained a 43.66 per cent stake in privately held South African coal miner Umcebo for R900 million.Alongside a stake in Umcebo’s three operating mines, the transaction will give Glencore 1.5 million tons of ...
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Cosatu calls up on corruption

TABJ – Dec 8 - The Congress of South African Trade Unions (Cosatu) has announced the launch of a telephone hotline for South African’s to report cases of corruption. The line will begin running on January 26 next year, in attempt to stop the elite ...
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The wind beneath my wings

TABJ – Dec 8 - Sumitomo Corp. has revealed that it is looking to build a wind power project in South Africa with an estimated capacity of 600 megawatts in an attempt to facilitate more of the nation’s renewable energy potential.The South African government specifically ...
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GroFin funding

TABJ – Dec 7 - Global financiers GroFin have announced plans to invest $400 million in funding to small and medium sized enterprises (SME’s) in Nigeria over the next three to four years. “We have $250 million under management at present and target between $500 ...
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Yahoo! Yoo-hoo

TABJ – Dec 7 - Yahoo! South Africa has announced the official re-launch of its website in the country.This followed rumours of the websites comeback started in November when a Twitter account named @YahooNewsSA was created.The new Yahoo! website will boast a vastly improved homepage ...
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