VENTURES AFRICA – JSE-listed Tongaat Hulett on Friday said it posted a 15 percent surge in its earnings in the year to March, thanks to an increase in sugar production. The agri-processing firm said diluted headline earnings per share moved up to 942.3 cents from 819 cents. Total sugar output gained 9 percent to 1.254 million tonnes. [...]

VENTURES AFRICA – The South Africa government is expected to publish a request for information from potential international, domestic technology and investment partners on Friday for its pharmaceutical company after Swiss investor Lonza, pulled out. The state-owned pharmaceutical company will manufacture key ingredients for AIDS drugs. Bussiness Day (SA) reported on Friday that the department [...]

VENTURES AFRICA – Ghanaian businesses and customers will now be able to pay in cheques and have their accounts credited the same day, after the introduction of an Express Cheque clearing system in the country. The system was introduced by Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of Ghana’s Central Bank set up [...]

VENTURES AFRICA – President Jacob Zuma warned on Thursday that the current labour strife in the mining sector ran the risk of running the South African economy into serious harm. He made this comment in the National House of Traditional Leaders in Parliament as the country was bracing itself for yet another wave of strikes [...]