Tuesday February 20, 2018 12:41

SOUTH AFRICA Press Releases

African Reinsurance Corp. (South Africa) Ltd. Rating Affirmed At #A-#; Outlook Stcoks—12 Feb 18

JOHANNESBURG (S&P Global Ratings) Feb. 12, 2018--S&P Global Ratings said today that it affirmed its 'A-' insurer financial strength rating (FSR) on South Africa-based African Reinsurance Corp. (South Africa) Ltd. (ARCSA). The outlook is stable.

Sasol#s R13,6 billion FT Wax Expansion Project Complete, Successfully Energy—06 Feb 18

Today, Sasol inaugurated the full completion of its R13,6 billion FT Wax Expansion Project (FTWEP). Phase 2 began beneficial operation in March 2017, while phase 1 was commissioned in 2015. "With completion of this project, South Africa is now one of

South African Reserve Bank to set up new fintech unit Stcoks—05 Feb 18

The South African Reserve Bank (SARB) has confirmed that it plans to unveil a new unit which will deal exclusively with the monitoring of fintech in South Africa. Speaking to BusinessTech, the SARB said that it could not officially comment on what new

Sanford Health increases global presence with expansion in seven countries General—24 Jan 18

Sanford Health is expanding its presence in international health care by extending services to seven countries. This year, Sanford Health will enter New Zealand, Ireland, Vietnam, Costa Rica and South Africa and increase its presence in China and Ghana.

IMFC Selects South African Reserve Bank Governor Lesetja Kganyago as New Stcoks—19 Jan 18

The members of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund (IMF), have selected Mr. Lesetja Kganyago, Governor of the South African Reserve Bank, as

Photo Release: UK soccer stars Paul Parker and Quinton Fortune show off skills with the Bounce team General—06 Dec 17

BOUNCE, the worldwide phenomenon that took the beloved backyard activity of trampolining and multiplied it by x100, welcomed two of football's big stars; Paul Parker, English former professional footballer and Quinton Fortune, South African former

Sasol Signs US$3.9 Billion Five-year Revolving Credit Facility Energy—24 Nov 17

Sasol, the South African chemicals and energy company, has increased its existing US$1.5 billion Revolving Credit Facility ("the Facility") to US$3.9 billion and extended the maturity to five years with the inclusion of two further extension options of

EWAN TAYLOR APPOINTED GENERAL MANAGER OF STYLISH NEW X2 CHIANG MAI RIVERSIDE Lifestyle—13 Nov 17

Award-winning South African GM takes the reigns at the acclaimed all-suite boutique resort in Thailand's cultural capital Ewan Taylor has been appointed General Manager of X2 Chiang Mai Riverside Resort, the stylish new all-suite boutique resort which

IMF Staff Concludes Visit to South Africa Stcoks—09 Nov 17

An International Monetary Fund (IMF) mission, led by Ana Lucía Coronel, visited South Africa during October 30 - November 8, 2017, to discuss recent economic developments and outlook in the context of its regular surveillance activities. At the

Ratings Raised On South African Transaction Transsec 2 (RF)#s ABS Notes Following Stcoks—08 Nov 17

MOSCOW (S&P Global Ratings) Nov. 8, 2017--S&P Global Ratings today raised its credit ratings on Transsec 2 (RF) Ltd. (Transsec 2)'s class A1, A2, A3, A4, A5, A6, B1-Dfrd, B2-Drfd, C1-Dfrd, and C2-Dfrd notes (see list below). Today's upgrades

20 Top African Start-Ups Enter World Bank Group Digital Acceleration Stcoks—07 Nov 17

CAPE TOWN, South Africa, Nov. 6, 2017–Twenty of the most promising African digital start-ups will take part in the XL Africa residency, the flagship initiative of the business accelerator launched last April by the World Bank Group's infoDev

Seaborn Networks and IOX Cable Ltd to Provide First Subsea Route Between U.S. and India via Brazil IT—06 Nov 17

Strategic Alliance of Seaborn's Seabras-1 + SABR + IOX to connect three BRICS countries and Mauritius to the U.S. Seaborn Networks ("Seaborn") and IOX Cable Ltd ("IOX") announced today they have entered into a joint provisioning agreement to provide the

Photo Release: Visiting the trade Food Hotel Thailand 2017 General—25 Sep 17

HE. Ms Helen Zille (center), Premier of the Western Cape Legislature of the Republic of South Africa visit South Africa Pavilion at Food & Hotel Thailand 2017. Wesgro, the official Tourism Trade and Investment Promotion agency for Cape Town and the

Boosting Private Sectors Investment in Innovation Could Help South Africa Create Jobs and Reduce Stcoks—20 Sep 17

PRETORIA, September 19, 2017 – Harnessing South Africa's largely untapped potential for innovation could increase the economy's productivity, propel job creation, and be of benefit to the country's growing number of poor,according to a World Bank

Photo Release: Visiting the trade Food Hotel Thailand 2017 General—14 Sep 17

HE. Ms Helen Zille (center), Premier of the Western Cape Legislature of the Republic of South Africa visit South Africa Pavilion at Food & Hotel Thailand 2017. Wesgro, the official Tourism Trade and Investment Promotion agency for Cape Town and the

REACH and Global Book Alliance Award US$1.5 Million to Innovative Projects in Cambodia, South Stcoks—04 Aug 17

WASHINGTON, August 3, 2017 — Cambodia, South Africa and Zambia are among the winners of the latest Global Book Alliance/REACH for Reading Call for Proposals to support innovations that get the right books to all children at the right time. Each

Photo Release: EXIM Thailand Ready to Promote Thai-South African Trade and Stcoks—31 Jul 17

Mr. Pisit Serewiwattana (second right), President of Export-Import Bank of Thailand (EXIM Thailand), recently paid a courtesy call on Mr. Geoffrey Quinton Mitchell Doidge (center), the Ambassador of the Republic of South Africa to Thailand, and discussed

Amari Watergate Bangkok appoints Fernando Roman as the new Executive General—11 Jul 17

Amari Watergate Bangkok has appointed a new Executive Chef—Fernando Roman—to oversee the kitchen operations for the hotel's dining rooms, which include the newly launched Amaya Food Gallery. Originally from Cape Town, South Africa, Fernando

IMF Executive Board Concludes 2017 Article IV Consultation with South Stcoks—07 Jul 17

On June 26, 2017, the Executive Board of the International Monetary Fund concluded the Article IV consultation [1] with South Africa. Living conditions have ameliorated substantially for the bulk of South Africa's population during the past two decades,

Amari Watergate Bangkok appoints Fernando Roman as the new Executive General—03 Jul 17

Amari Watergate Bangkok has appointed a new Executive Chef—Fernando Roman—to oversee the kitchen operations for the hotel's dining rooms, which include the newly launched Amaya Food Gallery. Originally from Cape Town, South Africa, Fernando

South African Precious Metals Producer Sibanye Gold Ltd. Assigned Preliminary #B+# Outlook Stcoks—07 Jun 17

DUBAI (S&P Global Ratings) June 7, 2017--S&P Global Ratings today assigned its preliminary 'B+' long-term corporate credit rating to South Africa-based precious metal producer Sibanye Gold Ltd. (Sibanye). The outlook is positive. We also assigned

Ratings Lowered On Auto ABS Transaction Transsec 2 (RF)#s Class A Notes Following Bank Stcoks—06 Jun 17

'zaA (sf)' from 'zaAAA (sf)'and removed from CreditWatch negative its South Africa national scale credit ratings on Transsec 2 (RF) Ltd.'s class A1, A2, A3, A4, A5, and A6 notes (see list below). On April 13, 2017, we placed on CreditWatch negative our

Ratings Lowered On Auto ABS Transaction Transsec (RF)#s Class A To C Notes Following Bank Stcoks—06 Jun 17

MOSCOW (S&P Global Ratings) June 6, 2017--S&P Global Ratings today lowered and removed from CreditWatch negative its South Africa national scale credit ratings on Transsec (RF) Ltd.'s class A2, A4, B1, B2, C1, and C2 notes (see list below). On

Swiss-owned Company Artentika Patents Technology Against Art Fraud IT—06 Jun 17

In a major step to end counterfeit art, Artentika (Pty) Ltd, a South African start-up controlled by Swiss interests, announces that it has just filed for patents on two ground-breaking technologies developed to determine whether an objet d'art is

Huawei Holds the Fifth Power Summit with Partners in AUW Energy—18 May 17

Showcasing One-Stop ICT Solutions and Sharing International Best Practices in Building Smart Grids As Africa's largest electric power exhibition, African Utility Week (AUW) 2017 is held in Cape Town of South Africa from May 16 to 18. During the

Competitiveness Boost Urgently Needed to Meet Africas Demographic Challenges Stcoks—05 May 17

DURBAN, South Africa, May 4, 2017—Without urgent action to address stagnating levels of competitiveness, Africa's economies will not create enough jobs for the young people entering the job market, according to a report released today. If current

Photo Release: South African - Thai Chamber of Commerce Board Dinner at Centara Grand at Central General—25 Apr 17

The South African - Thai Chamber of Commerce (SATCC), led by Ragil Ratnam (5th left), chairman of SATCC and co-hosted by H.E. Geoff Doidge (3rd left), the South African ambassador, recently held an exclusive dinner at Suan Bua Restaurant, Centara Grand

World Bank Scores Sustainable Energy Policies in 111 Countries Stcoks—16 Feb 17

WASHINGTON, February 15, 2017 – An increasing number of developing countries – Mexico, China, Turkey, India, Vietnam, Brazil, and South Africa – are emerging as leaders in sustainable energy, with robust policies to support energy

Re-orienting Tax Incentives Could Boost Growth, Jobs and Support Poverty Stcoks—18 Jan 17

PRETORIA, January 17, 2017 – Re-orienting investment tax incentives towards sectors of the South Africa economy that have high productivity and a comparative advantage would stimulate growth, create additional jobs and support poverty alleviation,