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Articles

Tiger Brands Surges to 7-Year High as Special Payout Planned

1 week ago | bloomberg.com | Katlego Mtshali |Janice Kew

(Bloomberg) -- Tiger Brands Ltd. surged to a seven-year high after South Africa’s biggest listed food producer lifted its interim dividend and said it would also pay a special dividend after profit climbed 34%. The maker of Albany bread and Jungle Oats plans an interim dividend of 4.14 rand a share for the six months through March and a special payout of 1.8 billion rand ($100 million), or 12.16 a share, it said in a statement Wednesday.
Harmony Expands in Australia With $1 Billion MAC Copper Deal

1 week ago | bloomberg.com | Ana Monteiro |Katlego Mtshali |William Clowes

Molten copper. (Bloomberg) -- Harmony Gold Mining Co. has agreed to buy MAC Copper Ltd., enabling the top producer of South African gold to gain a further foothold in Australia and increased exposure to copper. Harmony is offering $12.25 for each MAC share, implying a total equity value for the Australian company of about $1.03 billion, the gold miner said in a statement Tuesday. The firm will use a $1.25 billion bridge facility and existing cash reserves to pay for the purchase, it said.
Harmony Expands in Australia With $1 Billion MAC Copper Deal (1)

1 week ago | news.bloombergtax.com | Ana Monteiro |Katlego Mtshali |William Clowes

Harmony Gold Mining Co. has agreed to buy MAC Copper Ltd., enabling the top producer of South African gold to gain a further foothold in Australia and increased exposure to copper. Harmony is offering $12.25 for each MAC share, implying a total equity value for the Australian company of about $1.03 billion, the gold miner said in a statement Tuesday. The firm will use a $1.25 billion bridge facility and existing cash reserves to pay for the purchase, it said.
Harmony Enters Australia Copper With $1.03 Billion MAC Purchase

1 week ago | news.bloomberglaw.com | Ana Monteiro |Katlego Mtshali

Harmony Gold Mining Co. is buying MAC Copper Ltd., enabling South Africa’s top producer of the precious metal to gain a foothold in Australia. Harmony is offering $12.25 for each MAC share, implying a total equity value for the Australian company of about $1.03 billion, the gold producer said in a statement Tuesday. The firm will use a $1.25 billion bridge facility and existing cash reserves to pay for the purchase, it said.
Dozens of white refugees from South Africa arrive in the U.S.

2 weeks ago | flcourier.com | Akayla Gardner |Katlego Mtshali

WASHINGTON — Dozens of White Afrikaners arrived in the U.S. from South Africa on Monday, the first beneficiaries of a controversial resettlement program that was instigated by President Donald Trump, who is meeting with South African leaders next week. The group, which includes families and their children, landed Monday afternoon at Washington Dulles International Airport and was greeted by U.S. officials.
South African Unemployment Rate Jumps as Trade Sheds Jobs

3 weeks ago | bloomberg.com | Katlego Mtshali |S'thembile Cele

A worker prepares an automobile part at a manufacturing plant in Durban. (Bloomberg) -- South Africa’s unemployment rate rose more than expected in the first quarter as the trade and construction sectors shed jobs. The jobless rate increased to 32.9% in the three months through March, compared with 31.9% in the prior quarter, according to data released by Statistics South Africa in the capital, Pretoria, on Tuesday.
South Africa's Ramaphosa pans Trump's Afrikaner refugee program

3 weeks ago | kdhnews.com | Akayla Gardner |Katlego Mtshali

WASHINGTON - Dozens of White Afrikaners arrived in the U.S. from South Africa on Monday, the first beneficiaries of a controversial resettlement program that was instigated by President Donald Trump, who is meeting with South African leaders next week. The group, which includes families and their children, landed Monday afternoon at Washington Dulles International Airport and was greeted by U.S. officials.
South Africa’s president pans Trump’s Afrikaner refugee program

3 weeks ago | phillytrib.com | Katlego Mtshali |S'thembile Cele

Dozens of white Afrikaners are scheduled to arrive in the US on Monday, the first beneficiaries of a controversial resettlement program instigated by President Donald Trump that his South African counterpart says is misguided. Tensions between Washington and Pretoria have been running high since Trump began his second term in January, accused the South African authorities of seizing land from White Afrikaners and offered to resettle them as refugees in the US.
South Africa’s Ramaphosa Pans Trump’s Afrikaner Refugee Program

3 weeks ago | flipboard.com | Katlego Mtshali |S'thembile Cele

1 hour agoThe first set of 49 white South Africans to be granted refugee status by President Donald Trump's administration are on their way to the US. On Sunday they boarded a flight from Johannesburg which is due to land in Washington DC later on Monday. This comes after a weekend of speculation about when …
Trump Tariffs, Reforms Weigh on South Africa Growth, BER Says

1 month ago | bloomberg.com | Ntando Thukwana |Katlego Mtshali

Cape Town, South Africa. (Bloomberg) -- South Africa’s economy will likely expand at a significantly slower pace than previously anticipated because of domestic political instability and US President Donald Trump’s tariff war, the Bureau For Economic Research said. The Stellenbosch-based research body on Tuesday lowered its growth forecast for South Africa to 1.5% for this year from a previous projection of 2%. That matches the median estimate of 27 economists in a Bloomberg survey.