Most big US banks pass Fed’s stress test

Nearly all of the largest American banks are on steady enough footing to increase payouts to shareholders.

• ‘NUM is blocking prosperity of mineworkers’
• Why the VW settlement isn’t fair
• MTN forks out R1bn for Nigerian spectrum
• Japan to use ‘all tools’ in Brexit wake

Most big US banks pass Fed’s stress test

Nearly all of the largest American banks are on steady enough footing to increase payouts to shareholders.

• ‘NUM is blocking prosperity of mineworkers’
• Why the VW settlement isn’t fair
• MTN forks out R1bn for Nigerian spectrum
• Japan to use ‘all tools’ in Brexit wake

AngloGold earmarks $400m for Guinea push

AngloGold Ashanti plans to boost gold output in Guinea by investing $400m in the next eight years.

• MTN forks out R1bn for Nigerian spectrum
• Exxon keen on Mozambique gas?
• Standard Bank fined in Angola
• Uganda set for consolidation - MTN

No buyer for Lucara’s giant gem

Biggest uncut diamond to be discovered in over a century fails to sell at Sotheby’s auction.

• Why the VW settlement isn’t fair
• Japan to use ‘all tools’ in Brexit wake
• Fitch sees UK investments dropping
• Vodafone ponders Brexit consequences

Sterling steadies after traumatic month

The recently battered pound crawled higher on Thursday, but looked poised to lose more than 7 percent for the month.

• Asian stocks track rally in global equities
• Wall Street buoyed by bargain-hunters
• Local bonds rebound
• Rand claws back more ground

Brexit? It’s bad news for Africa

The whole world will be poorer because of Britain’s decision to leave the EU, writes Ian Scoones.

• Using Facebook as a business tool
• Nicola’s Notes: Who woulda thought it?
• Taxing the informal sector may prove costly
• Mind your (business) language