🇿🇦 Johannesburg Stock Exchange

Anglo-South African services firm, Old mutual, plans to divide into four activity segments, Sky News reported on March 6.

South African bank Standard Bank reported in a statement published on March 3, its net profit in 2015 soared 34% to R21.37 billion ($1.37 billion) from 2014. The increase is due to better net interest revenues but also to the sales of its loss-making subsidiaries in U.K. and Brazil.

Ibibo Group, the Indian online travel venture backed by global internet and media company Naspers (JSE: NPN.SJ and LSE: NPSN), as well as China’s leading internet firm Tencent (HK: HK700), announced that Naspers will be investing another US$250m in the group. The investment will be focussed on extending ibibo’s leadership position in the Indian hotels category and on additional technology innovations.

The listed clothing company closed its two remaining stores in Nigeria citing stringent import regulations and rising costs in Africa’s biggest economy.