Business

Mon,10Dec2018

Business

Editorial: Consequences of a crunch - Patrick Smith

 

PatrickShould any African president suffer from a bout of irrational exuberance, the latest reports from the IMF and the World Bank make for sobering reading.

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Standard Bank urges Brazilian firms to tap Africa market

Two boys fish in a flooded field near the town of Chokwe, 230 kms., north of Maputo, Mozambique,  March 13, 2000. Photo: ENRIC MARTI/AP/SIPASouth Africa's Standard Bank Group Ltd encouraged Brazilian engineering and construction firms on Tuesday to explore African opportunities, such as the world's largest liquid natural gas projects in Mozambique.

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Credit Suisse pulls out of South Africa in global shift -sources

07112018ThiamCredit Suisse has pulled out of South Africa after more than a decade as part of Chief Executive Tidjane Thiam's bank-wide revamp, three sources with knowledge of the matter said.

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Equatorial Guinea's energy sector gets $2.4 bln boost: ministry source

 Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo waits to address the 73rd session of the United Nations General Assembly, at U.N. headquarters, Thursday, Sept. 27, 2018. Richard Drew/AP/SIPAEquatorial Guinea's energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be drilled from next year, an oil ministry source with direct knowledge told Reuters on Monday.

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Australia's Invictus says it has not found oil and gas deposits in Zimbabwe

Zimbabwean President Emmerson Mnangagwa addresses the media at his offices in Harare, Wednesday, Aug, 29, 2018. Photo: Tsvangirayi Mukwazhi/AP/SIPAAustralian-listed Invictus Energy said on Friday it had not found oil and gas deposits in northern Zimbabwe but there were indications of a "working petroleum system" which could only be confirmed by a planned exploration well.

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South Africa's white farmers seek role in land reform as economic pressure grows

 
 

Workers herd sheep on a farm near Durbanville on the outskirts of Cape Town, South Africa, Thursday, July 12, 2012. Photo: AP Photo/Schalk van Zuydam  Over 10 years ago, Sabie Tsuke and 15 other investors achieved a dream that few black South Africans get to experience -- owning farming land.

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Gold miner Sibanye's profit plunges after fatal accidents hit output

In this photo taken Wednesday, May 18, 2016 a closed mine shaft in Welkom, South Africa. Photo: Themba Hadebe/AP/SIPASouth African miner Sibanye-Stillwater's core profit plunged 40 percent in the third quarter, it said on Thursday, after production at its domestic gold mining operations was hit by incidents that have caused 24 deaths this year.

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