South Africa

Steinhoff Market Value Can Double in Five Years, Chairman Says

Steinhoff International Holdings NV isn’t done with deals and has the potential to double its market value over the next five years, according to the...

Coca-Cola Bottler to Review South Africa Pledges Amid Sugar Tax

Coca-Cola Beverages Africa, a bottling joint venture between the U.S. soft drink giant and brewer SABMiller Plc, will reconsider its spending and other com...

Mondi First-Half Profit Rises as Consumer Packaging Volumes Gain

Mondi Ltd., a South African manufacturer of packaging for products from coffee beans to industrial chemicals, said first-half profit rose 11 percent as vol...

Zimbabwe Says South Africa Imports Ban A ‘Safeguard Measure’

Zimbabwe doesn’t have a trade dispute with South Africa following a decision by authorities in Harare to bar imports of basic food products from its...

Shoprite Jumps Most Since 1997 As African Sales Growth Rises

Shoprite Holdings Ltd. rose the most in almost 19 years after Africa’s biggest food retailer said growth in full-year sales accelerated, led by gains...

South Africa White-Corn Imports Seen Missing Target By Chamber

South Africa, which is set to produce the smallest corn crop since 2008 this year, may miss a target to import enough of the white variety this season to m...

SABMiller’s Two Big Investors Get Windfall From Plummeting Pound

Britain’s decision to leave the EU has complicated a slew of deals. In the latest twist, the plummeting pound is creating an unintended premium for a...