Features | - Part 199

Increase in Mali Attacks Shows Need for Regional Force, UN Says

BAMAKO (Capital Markets in Africa) – Insecurity is spreading in Mali and across its borders as the number of militant attacks rose and new armed groups emerged over the past year, underscoring the need for military cooperation in West Africa, according to the United Nations Secretary General. Violent extremists carried out 201 attacks against the Malian security forces, UN peacekeepers and French troops since June last year, compared to 165 assaults in the previous 12…

Wiese’s Brait Seeks Growth in Asia as S. Africa, U.K. Wilt

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Brait SE, the investment company owned by South African billionaire Christo Wiese, plans to expand its Virgin Active gym chain in the Asia Pacific as it battles difficult operating conditions in its biggest markets, including South Africa and Britain. The stock has dropped for 18 straight days, the longest losing streak on record, and tumbled to a three-year low on Wednesday after the company slid to a full-year loss. Brait…

epic ERP teams up with CentralCloud to roll out cloud-based ERP solution to the African market

Posted on by The Editorial Team

JOHANNESBURG – June 14, 2017 – epic ERP, a value added Epicor enterprise resource planning (ERP) software reseller, has joined forces with CentralCloud to bring clients within Sub-Saharan Africa the flexibility and scalability of an end-to-end, feature rich cloud-based ERP solution. CentralCloud is associated with Alviva Holdings, one of Africa’s largest providers of information and communication technology products and services. “While Epicor cloud-deployed ERP has brought customer success to hundreds of companies globally, epic ERP…

South Africa Business confidence down sharply in the second quarter

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – After hovering in net negative terrain between 32 and 42 index points over the past year, the RMB/BER Business Confidence Index (BCI) collapsed by 11 points to 29 in the second quarter. This means seven out of every 10 respondents are downbeat about prevailing business conditions. We last saw such despondency during the 2009 recession. Striking too is the fact that each of the five sectors covered in the…

Tanzanian Government Accuses Acacia of Mining Gold Illegally

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzania’s government accused Acacia Mining Plc of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. An audit ordered by President John Magufuli in March found that Acacia had been conducting business in Tanzania “contrary to the law,” Nehemiah Osoro, chairman of a committee of academics, lawyers and economists that conducted the probe, said at a briefing Tuesday in the…

With May Under Pressure, Who Could Be New Conservative Leader?

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – A shocking U.K. election result that’s thrown the Conservative Party into turmoil leaves Theresa May’s position looking precarious. If history is any indication, the Tories will waste little time in seeking a new leader. So who can lay claim to the Tory crown? Brexit talks are due to start in 10 days’ time, with the possibility of at least one new face on the other side of the negotiating…

Comey Leaves Trump Under a Crippling `Cloud’ of Investigations

Posted on by The Editorial Team

WASHINGTON (Capital Markets in Africa) – Donald Trump’s White House had feared the worst from former FBI Director James Comey’s testimony – the revelation of what one close associate called a “salacious bomb” that would send the investigations off into entirely new, and entirely unpredictable, directions. It never came, as Comey mostly hewed to previously reported details. But calmly, carefully, Comey actually might have done something just as dangerous. Ex-FBI chief James Comey testifies to Congress. Here’s what…

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