Business

Sun,10Dec2017

Business

South Africa nuclear regulator says expects plant site licence in June

SA's only existing nuclear site,  Koeberg nuclear power station is seen on the outskirts of Cape Town, South Africa, Feb 8, 2012. Photo: Schalk van Zuydam/AP/SIPASouth Africa's nuclear regulator said on Tuesday that an installation site licence would likely be granted in June for a nuclear power plant that the finance minister has said Africa's most advanced economy cannot afford.

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Chad wants to cut off Glencore's oil supplies in debt row

The ExxonMobil logo appears on a screen above the trading floor of the New York Stock Exchange, Oct. 24, 2017. Photo: Richard Drew/AP/SIPAChad is on a collision course with top creditor Glencore as it wants to divert oil from the Swiss trading house to U.S. energy company ExxonMobil from the new year amid a dispute over debt restructuring.

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Barclays Africa and Standard Bank drop Mckinsey amid SA scandal

September 2010: Atul Gupta is seen outside magistrates courts in Johannesburg. The wealthy Gupta family has been criticized or allegedly improper links to president Jacob Zuma.Photo: AP/SIPABarclays Africa Group is ending its relationship with McKinsey, the bank said on Monday, two weeks after the global consultancy apologised for errors it made while working with state power utility Eskom last year.

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Training women to strengthen fishing communities in Somalia

  In this photo taken March 7, 2017, fishermen push their boats into the Indian Ocean in the village of Eyl, in Somalia's semi-autonomous northeastern state of Puntland. Photo: Ben Curtis/AP/SIPAMore than 70 women are training under a programme implemented by the UN Food and Agriculture Organization (FAO) and the Puntland State government, in a bid to help develop the fish sector in Somalia.

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Chad hires Rothschild to advise on $1 bln Glencore debt - sources

 In this April 14, 2011 file picture the Glencore headquarters in Baar, Switzerland is photographed. Photo: Urs Flueeler/AP/SIPAChad has hired Rothschild & Co to advise it on restructuring its external debt, namely a more than $1 billion loan from oil trader Glencore, four sources familiar with the matter said.

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West African leaders plan shared currency by 2020

Nigerian President Buhari speaks at U.N. headquarters, Sept. 19, 2017. He has urged caution against a shared currency. Photo: Mary Altaffer/AP/SIPAA group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country ECOWAS bloc by 2020, according to a joint statement.

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Nigeria's NNPC says oil access is "not limitless" for fuel swaps

 In this Nov. 19, 2012 photo, a petrol attendant fills a car at a petrol station in Lagos, Nigeria. As of 24/10/17, the NNPC organisation is focused on ensuring that the country stays wet. Photo: Sunday Alamba/AP/SIPANigerian energy company NNPC is relying heavily on swapping its crude for products such as gasoline as its refineries struggle to run, but an official at the state firm said its access to oil is limited.

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