The Billion Group, a property developer that is also the asset manager of JSE-listed Rebosis Property Fund, has several significant developments underway in SA, and is simultaneously targeting retail developments on the rest of the continent, which may eventually be listed separately.
Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
Africa will need to spend more than US$50bn in the next decade on building 4,000km of additional rail infrastructure to unlock the mineral resource potential on the continent.
Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April).
Resources group Anglo American PLC reported a 55% decline in underlying earnings per share to US 2.26 cents for the year ended December from 5.06 cents a year ago.
The University of Cape Town (UCT) has launched a three-year, pan-African study on how to foster youth entrepreneurship in order to tackle the scourge of youth unemployment on the continent.