South Africas central bank has granted a permission to French banking group BNP Paribas to set up a branch in the country, Business Live reported. This will see BNP Paribas current representative office in the capital of Johannesburg, converted into a full commercial branch, offering corporate and investment banking services. It will enable the bank to expand its range of products and services in South Africa. BNP Paribas bought last year Cadiz Securities, the business unit of South African financial services group Cadiz Holdings hosting the company's offer in the cash, derivatives research and brokerage fields. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more