African Markets Daily

Zimbabwe Power Firm Signs $110m Financing Deal. Pepkor Holdings Recorded A 115.2% JUMP IN Annual Earnings. COVID Cases On The Rise In SA


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- A subsidiary of Zimbabwe’s state-owned power company has signed a $110 million syndicated loan with continental trade finance bank AfreximBank.

- South African retailer, Pepkor, majority owned by Steinhoff, said headline earnings jumped to ZAR5 billion ($320.1 million), up from ZAR2.3 billion a year ago.

- South Africa’s  National Institute For Communicable Diseases warns of an uptick in SA's cases as fourth wave looms



music by Topher Mohr and Alex Elena

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African Markets DailyBy African Markets Daily