News Southern Africa

Fri,27Feb2015

Southern Africa

People are at the heart of China-Africa engagement

While the state-level connections – trade, investment, bilateral agreements and loans – continue to claim most of the headlines, it is worth remembering that these connections are peopled, says Yoon Jung Park, Convener-coordinator at the Chinese in Africa/Africans in China Research Network.

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Angola hopes to turn around falling oil and gas output

Photo©ReutersAngola plans to increase its oil production by 20 percent by next year after suffering a "very difficult" 2014 as costs soared, prices slumped and technical problems hit output, the state oil company Sonangol said.

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Angola passes reduced $51 bn budget after oil price drop

Angola's parliament has passed a revised 5.4 trillion kwanza ($51 billion) 2015 budget, cutting spending by 1.8 trillion kwanza from its original plans due to a drop in oil prices, the state news agency said.

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Africa's emigrants turn eastward

File Photo©ReutersHigher economic growth does not mean that people will stay put, and many Africans in search of opportunities now head to Asia.

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South Africa: Personal income tax raised

South Africa’s Finance minister, Nhlanhla Nene. Photo©ReutersSouth Africa's Finance minister, Nhlanhla Nene delivered his maiden budget speech, increasing personal taxes, while social safety net programmes also received a significant slice of the budget cake.

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Electricity: Zimbabwe in acute power deficit

Zimbabwe is teetering on the brink of a general power blackout as all electricity generating plants are only producing 772 megawatts daily, a sharp drop from 1,200MW.

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