FT.com - Companies Africa
FT.com - Companies Africa


Eskom in World Bank finance talks
Bongani Nqwababa, the South African power company's finance director, says the company is hoping to raise capital from multilateral lenders

Standard Bank plans expansion
Africa's biggest lender seeks to expand the global emerging markets business that helped it overcome a turbulent six months to report a 15% growth in half-year earnings

MDC pledge to review mines deal
Mining group Anglo American has held secret talks with Zimbabwe's opposition that could see Anglo Platinum, its majority-owned subsidiary, regain lucrative concessions recently ceded to the Mugabe regime

Downgrade hits Eskom plan to raise capacity
Eskom's emergency plans to stave off crippling power shortages with massive investments funded by R150bn ($19.3bn) borrowings suffered a serious blow when its credit rating was downgraded.

Rupert family to spin off BAT stake
A near-30 per cent stake in BAT is set to be sold this year after Richemont, the Switzerland-based luxury goods group, announced plans to spin off their holdings in the world's second-largest listed cigarette company

M&G rebuff signals robust stance of big shareholders
Trend set to continue as economic downturn takes hold and fund managers fight harder to make investment performance stand out

A bridge too far?
An ambitious plan to construct a 30km bridge across the Red Sea is still at an embryonic stage

Nigeria weighs plans to boost oil output
Energy advisers submit proposals to President Umaru Yar'Adua to restructure the state-owned oil company in an effort to reverse declining production

Gold Fields considering sale of mines
New chief executive says headquarters could be moved away from Johannesburg to highlight the strength of the miner's operations around the world

Hostile bids at their highest since 1999
Unsolicited bids are running at their highest in almost a decade as companies use their cash-rich balance sheets to swallow weaker counterparts

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