Business

Mon,18Jun2018

Business

Drought-hit Cape Town cuts water useage as 'Day Zero' looms

In this Friday, Feb. 2, 2018 photo a woman throws away used water in an informal settlement near Cape Town. Photo: Bram Janssen/AP/SIPAA tough water-saving regime and the generosity of farmers have given South Africa's main tourist hub welcome respite from a severe drought and helped push back a dreaded "Day Zero" when Cape Town's taps are expected to run dry.

Read more...

Electric car-charging stations make their way to Egypt

Security guards run alongside the electric car of Egypt's ex-President Hosni Mubarak at the G8 summit in L'Aquila, Italy on July 9, 2009. Photo: Markus Schreiber/AP/SIPAAn Egyptian company has introduced 65 electric car-charging stations across the Arab world's most populous country, giving commuters a chance to opt for clean energy.

Read more...

Africa's top 500 companies: Oil firms look to a brighter future

Ulrich Lebeuf/M.Y.O.P.Figures from 2016 show the effects of investor stagnation and servicing expensive debts, but the future looks brighter

Read more...

South Africa to raise VAT for first time in 25 years to plug budget hole

South Africa's new President, Cyril Ramaphosa, center, arrives at parliament in Cape Town, South Africa, Friday, Feb. 16, 2018. Photo:Nasief Manie/AP/SIPASouth Africa will increase value added tax (VAT) for the first time in over two decades, the Treasury said on Wednesday, as new President Cyril Ramaphosa's government aims to cut the budget deficit and stabilise debt after years of slow economic growth.

Read more...

IMF says it stopped Kenya's access to $1.5 bln standby credit

The International Monetary Fund (IMF) is seen in Washington, Tuesday, June 28, 2011. Photo: Alex Brandon/AP/SIPAThe International Monetary Fund stopped Kenya's access to a $1.5 billion standby credit facility last June after failing to agree with the government on a reduction of the fiscal deficit, the fund said on Tuesday.

Read more...

Somali traders protest tax hikes by shutting down Mogadishu's main market

A Somali worker carries mattresses on his head in Bakara market, Somalia, Thursday May 26, 2011. Photo: Farah Abdi Warsameh/AP/SIPASomali traders boycotted business on Sunday (February 18) to protest tax hikes imposed by the government. Stalls in Mogadishu's sprawling Bakara market - a lifeline for the city and surrounding areas, remained closed for the day.

Read more...

South African budget to set out "tough" measures to repair post-Zuma economy

Finance minister Malusi Gigaba, speaks to journalists at the presidential guest house in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's finance ministry is set to spell out "tough decisions" in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to repair the ailing economy.

 

 

 

 

Read more...

Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us