Business

Sat,19Aug2017

Business

South Africa's Eskom names company veteran Dladla as acting CEO

A street light burns outside a glass office building in Johannesburg Feb.2008.Photo: AP Photo/Denis FarrellSouth African state-owned power utility Eskom appointed Johnny Dladla as acting chief executive on Thursday, a stopgap measure after a leadership crisis at the company worsened last week when the chairman abruptly resigned.

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South Sudan no longer classified as in famine - U.N.-backed report

A woman walk back to her home after receiving food distributed by ICRC in South Sudan, April 11, 2017. Photo: Stringer/AP/SIPASouth Sudan is no longer classified as being in famine, although 45,000 people in country's Jonglei and Unity states are expected to remain in famine-like conditions and the situation is still critical, a U.N.-backed food security report said on Wednesday (June 21).

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Anger mounts in Nigeria over state of the economy

A vendor sells newspapers, including stories of Buhari's medical leave for ill health, Nigeria,May 8, 2017. Photo:Sunday Alamba/AP/SIPANigerians say they are 'fed up' with the current economic situation, even as the government makes efforts to pull Africa's biggest economy out of recession.

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South Africa adds central bank row to economic and political troubles

President Jacob Zuma gestures during a news conference in Johannesburg, South Africa. Photo: DENIS FARRELL/AP/SIPAA major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency.

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South Africa's low business confidence setback to growth recovery: Moody's

Finance minister Malusi Gigaba, speaks to journalists in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPAThe steep decline in South Africa's business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody's said on Monday, after Africa's most industrialised economy slumped to a recession.

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UK donates £90 million for humanitarian support to save lives in Ethiopia and Somalia

Somalis displaced by the drought arrive at makeshift camps on the outskirts of Mogadishu, Somalia, March 2017. Photo: Farah Abdi Warsameh/AP/SIPAUnited Kingdom International Development Secretary Priti Patel has called for a new concerted global push to prevent millions of people losing their lives across East Africa to the threat of starvation and disease.

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Botswana's BCL to be sold off piecemeal after sale talks fail

Botswana President Ian Khama attends the SADC Heads of State Summit  in Harare, April, 2015. Photo: TSVANGIRAYI MUKWAZHI/AP/SIPACollapsed state-owned Botswanan copper and nickel producer BCL Limited will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday.

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