NewsSouthern Africa

Sat,24Sep2016

Southern Africa

Prolific, prodigious, but never pop: Inside the mind of Cape Town designer Atang Tshikare

Atang Tshikare at home in his studio. Photo: YouTubeThe mind of self-taught Cape Town designer Atang Tshikare fizzles with ideas. But he's always focused on one thing: telling positive stories about Africa.

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South Africa's Eskom to use $11bn future earnings for nuclear expansion

An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton, February 24, 2016. REUTERS/Siphiwe SibekoSouth Africa's power utility Eskom estimates it would have 150bn rand ($11bn) within the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said.

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Moody's says could downgrade South Africa rating if growth below forecasts

A Moody's sign on the tower of the World Trade Center in New York. REUTERS/Mike SegarThe probability of a credit rating downgrade for South Africa is about a third, Moody's said on Tuesday, warning however that a cut was likely if economic growth fell below its estimated growth of 0.2% this year.

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IMF says Mozambique president to cooperate on debt audit

Mozambique President Filipe Nyusi speaks to media during a news conference at the Chancellery in Berlin, Germany, April 19, 2016. REUTERS/Hannibal HanschkeThe president of Mozambique on Thursday pledged to work with the International Monetary Fund on the terms of an international audit of its public debt, the IMF said in a statement.

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Private equity in Africa loses its shine

A general view of the lobby outside of the Carlyle Group offices in Washington. Photo: REUTERS/Jonathan ErnstMajor private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy.

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South African data supports Gordhan's dismissal of recession

Finance Minister Pravin Gordhan gestures during his address at a business summit in Sandton, South Africa, September 13, 2016. REUTERS/Siphiwe SibekoSouth Africa's current account deficit narrowed more than expected in the second quarter, data showed on Tuesday, supporting Finance Minister Pravin Gordhan's view that Africa's most industrialised economy was not in "recession territory".

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