Bloomberg South Africa delayed plans to build nuclear power plants as economic growth stalls, easing spending concerns as the country faces the risk of being cut to junk by credit-rating companies. The rand strengthened the most of major currencies against the dollar. The new timeline sees the first additional nuclear power plant coming on stream in 2037, compared with ...

  Bloomberg Edcon Holdings Ltd. returned to profit in the second quarter after debt repayment costs eased following the exit of US private equity firm Bain Capital, while South Africa’s biggest clothing retailer cleared unwanted stock to boost sales during the busy festive period. Net income for the three months through September was 163 million rand ($11.5 million), the Johannesburg-based ...

  New Delhi / AFP Ratings agency Fitch said Tuesday it would revise down its India growth forecasts for the fourth quarter of 2016 after the country’s shock move to pull most of its currency out of circulation. Fitch Ratings said the move, aimed at forcing Indians to declare their untaxed money, had created a cash crunch that “seems to ...