VENTURES AFRICA – In a move likely to trigger another strike in the volatile Rustenburg’s platinum belt, the world’s biggest platinum producer, Anglo American Platinum (Amplats), on Wednesday said it will start the process of retrenching 6 000 mine workers by the end of this week. In January this year, Amplats said it planned to [...]

VENTURES AFRICA – South Africa’s FirstRand bank today announced via twitter that Michael Jordaan would be stepping down as CEO of FNB at the end of the year. He will be succeeded by Jacques Celliers, currently CEO of Business Banking at FNB. Celliers indicated that innovation will remain part of the bank’s DNA. Jordaan said [...]

VENTURES AFRICA – JSE-listed general retailer, Massmart, on Wednesday said it will start paying more attention to store growth in South Africa and sub-Saharan Africa. In 2010, the world’s biggest retailer, Wal-Mart, acquired Massmart for $2.3 billion. This has given Wal-Mart a huge presence in South Africa and has prepared the company for the further [...]

VENTURES AFRICA – United States’ Flight Source International has formed a partnership with its Nigeria counterpart, Avon Heli System West Africa Limited, to establish a helicopter and aircraft maintenance hangar in Nigeria. According to Avon Heli’s Chief Executive Officer, Ajayi Aremu, both firms were already studying the helicopter market in preparation for the establishment of [...]