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.

Glencore Xstrata merger gets Chinese approval

China has approved commodities trader Glencore's $64 billion merger with mining group Xstrata.

L'Oreal acquires Kenyan beauty firm

L'Oreal announced it has acquired the Health & Beauty business of Interconsumer Products Limited (ICP) in Kenya from its founding shareholder.

South African drinks group Distell buys Scottish whisky distiller

South African drinks giant Distell has brought Scottish whisky distiller Burn Stewart Distillers Limited for R2.

Boston 'terror' blasts injure 140, three dead

Two explosions near the finishing line of the Boston Marathon have left three people dead and more than 140 injured.

Bühler SA launches 'new innovation' for agro-processing

Food processing plant and equipment specialist Bühler South Africa on Friday launched its mobile Isigayo compact mill in Johannesburg, aimed at tackling government's mandate of developing the small-scale milling sector and improving food security in the Southern African region.

Adam Scott wins US Masters

Adam Scott clinched his maiden major title and became the first Australian winner of the Masters with victory against 2009 champion Angel Cabrera in a sudden death play-off at Augusta National.

Alonso wins Chinese GP

Ferrari's Fernando Alonso won a drama-packed Chinese Grand Prix on Sunday, with Lotus' Kimi Raikkonen and Mercedes' Lewis Hamilton finishing second and third.

MTN on shortlist for Myanmar licence

South Africa-based cellular giant MTN on Friday said its subsidiary MTN Dubai was one of 12 operators to be prequalified by the Myanmar Telecommunications Ministry for two telecommunications licences in the country.

Paramount wins Brazil supply contract

South Africa-based defence and aerospace company Paramount Group has won a bid to supply Brazil with police vehicles in preparation for the Fifa World Cup in the country next year and the 2016 Olympics.

Gold Fields Ghana strike ends

Gold Fields Ghana has said employees have resumed work at its two mining units following a strike.