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Sun,15Jul2018

South Africa

Wage strike starts at South Africa power utility Eskom, supplies stable

Photo©Siphiwe Sibeko/ReutersWorkers downed tools Monday at three South African power stations with more set to follow as a wage strike began at state-run utility Eskom, but the company said its operations had not yet been impacted and branded the stoppage illegal.

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South Africa's ruling party loses control of major metropolitan area

Deputy President Cyril Ramaphosa centre back, greets opposition Economic Freedom Front party members at the results center in Pretoria, South Africa, Friday, Aug. 5, 2016. With 95 percent of votes counted the ruling ANC appears to have suffered its biggest electoral blow since it won power at the end of the apartheid era 22-years ago. Photo©Herman Verwey/AP/SIPASouth Africa's African National Congress (ANC) has conceded defeat in the major metropolitan area of Nelson Mandela Bay to the main opposition party amid indications the ruling party was rejected by urban voters in this week's local government elections.

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Nigeria fine pushes MTN to first interim loss, dividend cut

Photo©Siphiwe Sibeko/ReutersAfrica's biggest mobile phone operator MTN Group Ltd cut investor payouts by almost 50 percent as it reported its first-ever half-yearly loss after taking a hit from a hefty regulatory fine in Nigeria.

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South Africa's ANC suffers major setbacks in local elections

Photo©Schalk van Zuydam/AP/SIPASouth Africa's ruling African National Congress (ANC) suffered some setbacks in Wednesday's local government elections, with early trends showing its supporters may have stayed away, with Nkandla, President Jacob Zuma's local ward, shockingly falling to Inkatha Freedom Party.

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Polling the people of South Africa

Ahead of the August local elections, The Africa Report organised a survey to take the temperature of South Africans' attitudes to a range of political and economic issues.

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South Africa's local litmus test

Parties are competing for control of 278 municipalities in this year's local government elections. But above all, it is a litmus test for african National Congress (ANC) rule since it came to power 22 years ago.

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South Africa's city hall cliffhanger

Photo©MICHAEL SHEEHAN/AFPAs municipal elections hit the country on 3 August, Nelson Mandela Bay is a litmus test for the ANC. If Mayor Jordaan has shored up some of the party's popularity locally, deep faultlines of poverty and discontent make this a knife-edge contest with national repercussions.

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South Africa: Police, army to patrol 650 election hotspots

Photo©Peter Dejong/AP/SIPASouth Africa's Independent Electoral Commission (IEC) says it has identified almost 650 election hotspots, which would be patrolled by the police and the army ahead of Wednesday's local government elections, which observers see as a litmus test for the ruling African National Congress.

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Private sector activity in South Africa was subdued in July: PMI

Cranes are seen at a construction site in Sandton outside Johannesburg, South Africa. Photo©Siphiwe Sibeko/ReutersActivity in South Africa's private sector improved slightly last month but overall business conditions remained subdued despite an uptick in employment and inventories, a survey showed on Tuesday.

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Green revolution: Harnessing earth, wind and fire

Photo©©PAUL LANGROCK/ZENIT-LAIF-REAOnly one in four Africans have access to electricity according to World Bank estimations, making the energy shortfall one of the most critical barriers to continental development.

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Special voting begins in South Africa's local elections

Photo©Ben Curtis/AP/SIPAAll eyes will be on South Africa this week, as millions head to the polls in what many describe as the most crucial local government election since the end of apartheid.

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South Africa's NUM union to go on strike at power utility Eskom in August

File photo©Schalk van Zuydam/AP/SIPASouth Africa's National Union of Mineworkers (NUM) said on Friday its members will go on strike at power utility Eskom, the sole provider of electricity in Africa's most industrialised country, from 8 August.

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South Africa's Gordhan says domestic, global growth outlook bleak

South African Finance Minister Pravin Gordhan. Photo©Schalk Van ZuydamSouth African Finance Minister Pravin Gordhan said on Friday that the domestic and global growth outlooks remained bleak and sounded a warning about the financial health of state-owned companies, which include power utility Eskom.

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China, Africa ink $17 bln preliminary cooperation pacts

China's President Xi Jinping speaks during a Forum on China-Africa Cooperation in Sandton, Johannesburg, December 4, 2015. REUTERS/Siphiwe SibekoChinese companies and banks agreed preliminary deals with African counterparts on $17 billion worth of cooperation in sectors including infrastructure, energy, pharmaceuticals and information technology, the official Xinhua News Agency reported on Thursday.

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South African police to tighten security as election violence fears rise

Photo©Peter Dejong/AP/SIPAWith less than a week to South Africa's fifth local government election, police say they will deploy close to 60,000 officers, and a further 40,000 moving members, to monitor the country's more than 22,000 voting stations, as fears of politically motivated violence rise.

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South Africa's petrochemical and pharmaceutical strike could hit oil refineries

An oil refinery is seen with Cape Town's Table Mountain in the background. Photo: Schalk van Zuydam/AP/SIPASouth African energy workers plan to strike from Thursday over wages, potentially affecting crude oil refineries and fuel depots, the Chemical, Energy, Paper, Printing, Wood and Allied Workers Union (CEPPWAWU) said on Wednesday.

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South Africa: Austerity no longer the answer - Pravin Gordhan

Pravin Gordhan. Photo©Mike Hutchings/ReutersSouth Africa cannot rely on austerity measures to reduce public debt and boost economic growth, as previously thought, Finance Minister Pravin Gordhan said on Tuesday.

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South African bourse published incorrect data on equities trading

Photo©Philimon Bulawayo/ReutersSouth Africa's Johannesburg Stock Exchange (JSE) published incorrect data on foreigners trading of equities from May 31 to July 20 due to a programming error, the central bank said on Monday.

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Corruption in South Africa stunting reforms: IMF

Photo©Reuters/Kim Kyung-HoonCorruption in South Africa is hampering reforms needed to boost economic growth and greater transparency is needed at state-owned companies, a senior International Monetary Fund (IMF) official said on Tuesday.

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Aviation: Ethiopian Airlines, SA firm in aerospace joint venture

Tewolde Gebremariam, CEO of Ethiopian Airlines group. Photo©Elias Asmare/AP/SIPAEthiopian Airlines has signed an agreement with a South African company that will see the two firms forming a joint venture that will spearhead a new aerospace manufacturing entity in Ethiopia.

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