S'thembile Cele

The Ghanaian government repatriated 295 of its citizens from South Africa on Wednesday amid an ongoing wave of anti-immigrant protests in Africa’s largest economy.

MTN Group Ltd. is finalizing the spinoffs of its Nigerian and Ugandan financial-technology operations as part of a reorganization of its mobile-money unit to allow Mastercard Inc. and other strategic buyers to take minority stakes in its fintech businesses.

South African President Cyril Ramaphosa asked the High Court to halt a parliamentary inquiry into whether he should be impeached over his handling of a robbery at his wildlife ranch.

Tycoon-backed Vision Group is in talks with South Africa’s Industrial Development Corp. to take an equity stake in sugar refiner Tongaat Hulett in exchange for additional funding, Vision Group shareholder and consortium member Robert Gumede said in an interview.

South African companies with operations across Africa are facing mounting pressure as anti-immigrant protests in the continent’s largest economy trigger diplomatic tensions and calls for action against their businesses.

South Africa’s Industrial Development Corp. and tycoon-backed Vision Group agreed on a deal to save century-old sugar maker Tongaat Hulett Pvt Ltd. from liquidation.

When a vehicle carrying donated diapers pulls into a muddy open field outside a mosque in Durban, Cassim Ibrahim quickly steps forward and asks the driver not to unload them.

South African President Cyril Ramaphosa appointed former National Treasury budget chief Michael Sachs as his economic adviser, bringing a respected fiscal policy technocrat back into the government as the country seeks to accelerate growth and deepen economic reforms.

Morgan Stanley is positive on South African assets as headwinds from the Iran war fade, arguing that an approaching end to interest-rate hikes and further credit-rating upgrades will provide support.

The leader of the Democratic Alliance, South Africa’s second-largest political party, will enforce broader consultation in the nation’s ruling coalition as he reiterated his commitment to the alliance.