Petra Diamonds seeks debt deal to avoid loan default
African miner Petra Diamonds is likely to strike a deal with its lenders that could include a waiver or a reset of its debt covenants within the next month, its chief executive Johan Dippenaar said.
250, 000 benefit as MTN concludes give-back initiative
A give-back initiative tagged, ‘Season of Surprises,’ initiated by MTN to express appreciation to Nigerians has ended, touching about 250,000 lives.
South Africa’s national airline needs 13 billion rand to avert crisis
South Africa’s state-owned airliner says it will face a liquidity crisis if it does not receive a 13 billion rand (976 million dollars) cash injection from the Treasury to meet its debt obligations and cover operating costs, it said on Friday.