Barloworld reports first half profit

Industrial group Barloworld grew its revenue by 11 percent to R31.

Glencore Xstrata dumps veteran chairman John Bond

A shareholder revolt at the newly formed Glencore Xstrata has seen veteran chairman Sir John Bond ousted from the board with his chairmanship handed to former BP boss Tony Hayward.

Last-gasp Ivanovic goal sees Chelsea win Europa League

Chelsea's Champions League failure had a happy ending Wednesday when they defeated Benfica to win the Uefa Europa League.

Egyptian giants drawn together in CAF Champions League

Egyptian giants Al Ahly and Zamalek have been drawn together in the group phase of the African Champions League.

Uchumi targets East Africa expansion

Kenya's Uchumi Supermarkets will open 13 new stores over the next year, Chief Executive Jonathan Ciano has said.

Safaricom posts FY profit

Kenyan telecoms giant Safaricom has posted a full year profit for the year ended March.

IBM Innovation Centre Opens in Kenya

Continuing with its expansion into Africa, IBM has announced the opening of its new IBM Innovation Centre in Nairobi.

Parks Tau pledges R30bn for Johannesburg infrastructure

The City of Johannesburg had budgeted R30 billion for infrastructure development for the next three years, according to City mayor Parks Tau.

Shell presses ahead with world's deepest offshore oil well

Royal Dutch Shell is pressing ahead with the world's deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico.

Skills gap hampering business says PwC

A lack of key skills is hampering growth and government needs to "prioritise initiatives that help foster a skilled workforce", PricewaterhouseCoopers (PwC) has found in an international survey of business leaders.

AngloGold Ashanti appoints Cutifani successor

AngloGold Ashanti has appointed Srinivasan Venkatakrishnan, its chief financial officer (CFO), as its new CEO, replacing Mark Cutifani, who has taken over the leadership at Anglo American.

Sir Alex Ferguson to retire as Manchester United manager

Sir Alex Ferguson, the most successful manager in the history of British football, is to retire at the end of the season.

Zambia's vice president calls South Africans "backwards"

Zambia's vice president is at the centre of a political storm after calling South Africans "backwards" and comparing the country's President Jacob Zuma to former apartheid-era leader FW de Klerk.

Kagiso PMI 50.5 in April

Kagiso Purchasing Managers' Index (PMI) increased in April after a slight decline in March, it was announced on Thursday.

South Africa to lose UK aid by 2015

The UK will stop sending direct aid to South Africa in 2015, ending a policy that has been in place for more than 20 years.

South African MPs approve secrecy bill

A controversial bill dubbed the "secrecy bill" by South Africa's media has been approved by the country's parliament following a long and lengthy battle over the legislation.

Pick n Pay full-year earnings fall, turnover "unsatisfactory"

South African supermarket chain Pick n Pay on Tuesday reported an "unsatisfactory" 7.

SAA appoints new CEO

South African Airways (SAA) has appointed Monwabisi Kalawe as its Chief Executive Officer (CEO) designate, the national flag carrier has announced.

Africa's richest man plans Nigeria refinery

African billionaire tycoon Aliko Dangote has said he will invest up to $8 billion to build a Nigerian oil refinery with a capacity of around 400,000 barrels a day.