South Africa's Chamber of Mines said today that a Labour Court decision overturning a government-imposed safety stoppage at an AngloGold Ashanti mine placed limits on the power of state inspectors.
Mozambique wants to strike a debt restructuring deal before the end of this year and aims to treat bondholders on par with its other commercial creditors, the country's legal advisor has announced.
A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa.
Rio Tinto, the world's second-largest miner, has suspended one senior executive, accepted the resignation of a second and alerted US and UK authorities after discovering $10.5m in unexplained payments to a consultant in Guinea.
South Africa's Finance Minister Pravin Gordhan has said that the country must tackle corruption and weak economic growth or face the risk of a credit rating downgrade to "junk" status.
Mozambique's finance minister has a plan to deal with a debt crisis that threatens to derail one of Africa's most promising frontier economies but investors are far from convinced.
Africa's biggest pension fund, Public Investment Corporation, has sought approval from South Africa's central bank to raise its stake in Barclays Africa, two sources with direct knowledge of the matter said.
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