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Food Shortages Set to Grip South Africa After Rioters Rampage Prinesha Naidoo, Janice Kew and Loni Prinsloo, Bloomberg News BC-Food-Shortages-Set-to-Grip-South-Africa-After-Rioters-Rampage , Prinesha Naidoo, Janice Kew and Loni Prinsloo (Bloomberg) -- South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks. Footage of empty or sparse grocery-store shelves has been a staple of local news reports sin...

MONEYWEB app instead? South Africa has been sitting on a powder keg for some time – Mervyn Abrahams. By S'thembile Cele and Paul Vecchiatto, Bloomberg 12 Jul 2021  22:18  Zuma supporters block the freeway with burning tyres during a protest in Peacevale, South Africa, on July 9, 2021. Image: Rogan Ward, Reuters. President Cyril Ramaphosa pleaded for calm following days of protests that were triggered by last week’s incarceration of his predecessor and have claimed 10 lives, forced businesses to shut and weakened the currency. “This is not who we are as South Africans, this i...

Press release content from Business Wire. The AP news staff was not involved in its creation.

South Africa Stocks Rally to Record as Tencent Surge Boosts Naspers By January 25, 2021 (Bloomberg) -- South Africa’s main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers Ltd. was lifted by a surge in partly owned Chinese online giant Tencent Holdings Ltd. Retailer Woolworths Holdings Ltd. was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement. Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Fe...

Word Count: 510 (Bloomberg) —  Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic. Naspers advanced as much as 8.1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Naspers subsidiary, Prosus NV, which holds the company’s 31% stake in Tencent, climbed 7.4% to the highest level since the company was carved out of the tech investor in September 2019. Tencent Jumps as Citi Boosts Target, Kua...