NewsSouthern Africa

Sun,21Dec2014

Southern Africa

South Africa's largest union on the brink of a split?

Zwelinzima Vavi, Cosatu General SecretaryA leading South African trade union has vowed to put the problems it faced in 2014 behind it next year as it eflected on a 'difficult year.'

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Zimbabwe coin, change crisis ends

The Zimbabwe Reserve Bank (RBZ) on Thursday introduced $10 million worth of special bond coins into the market to ease the shortage of small denominations of the United States dollar.

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South Africa forges ahead with nuclear power stations

A "critical milestone" has been reached in South Africa's plans to build new nuclear power stations, the government has said.

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Commodities: Analysts gaze into their crystal ball for 2015

Photo©Ken Gerhardt/Getty ImagesThe Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus.

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Zimbabwe to cut workforce to avoid financial cataclysm

Finance minister, Patrick Chinamasa told parliament that the employment cost is a problem government cannot continue to postponeZimbabwe is set to drastically trim its workforce in 2015 in line with International Monetary Fund (IMF) recommendations to reduce its wage bill, stop extravagance and spending money it does not have.

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Zimbabwe's president Mugabe's holiday spending under the spotlight

The amount of money President Robert Mugabe and his Wife, Grace spent on travel and residences so far in 2014 is 75 times more than the capital spending on every school in ZimbabweZimbabwe's President Robert Mugabe has begun his annual month long vacation in the Far East, days after firing his deputy and reshuffling his cabinet.

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