Sasol spokesman Alex Anderson emphasised on Thursday that the energy giant’s core operations in Mozambique were continuing but the low-pressure compression project being run by contracted service providers had been halted.
SPEAK to many South African CEOs, and they’ll tell you that they’re more optimistic about their investments further north on the continent than at home. Shoprite CEO Whitey Basson was the most recent to express this sentiment.
Basson told this newspaper that it was easier to trade in Nigeria, which has a higher growth rate than South Africa where economic growth is barely 2%. “If you look at the IMF projections for Africa, they’re still all double South Africa’s 2%,” he said.
In what is deemed as a low-risk, route-to-market opportunity to expand its basket, Pioneer will pay $7m as it invests in a majority stake of newly formed company Food Concepts Pioneer (FCPL), with Lagos-based partner Food Concepts plc.
“I have approved the issuance of port of entry visas to Brics business executives for up to 10 years, with each visit not to exceed 30 days,” he told the Cape Town Press Club.
Acadian Asset Management Bryan Carter is switching out of Nigerian bonds into forwards speculating on the future value of the naira.
The minister of State for Power, Alhaji Mohammed Wakil, who stated this, added that he was proud as Nigerian that the reform almost completed by the federal government was what a great country on solid footing like South Africa is copying as its blueprint.