News Southern Africa

Mon,04May2015

Southern Africa

Oil and Gas: Big Winners and Sore Losers

Delays, restructuring and stalling are expected as oil producers cut back. Photo©Kevin M. Law/ALL Canada Photos/CorbisExporting countries and producers large and small are reeling from the impact of the oil price's vertiginous drop over the past six months. The Africa Report looks at who is benefiting from the turmoil and who will be hurt the most.

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Zimbabwe suspends tax on diamond sales

Zimbabwe has temporarily suspended a 15 percent tax on diamond sales, citing a drop in production and low international gem prices, the finance minister and central bank governor said in a letter to the International Monetary Fund (IMF).

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South Africa: Tourism industry to be affected by anti-immigrant violence

File Photo©ReutersSouth Africa's tourism industry is likely to take a hit following a wave of xenophobic attacks this month, a setback for the country which has worked hard to clean up its image as a hub for violent crime.

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Finance: Cash, oil and blood

The Niger Delta, whose former activists are now hand in glove with the polluting oil companies. Photo©Tife Owolabi/ReutersIn the wake of reports revealing the extent of illicit financial flows that prop up parasitical governments and rob Africans of their future, campaigners try to find ways to fight the scourge.

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Trend Hunter: Market's feed Jo'burg's foodies

Photo©1FOXFor years, specialist food markets have kept hipsters busy on Sunday mornings in Europe and the US, and the ritual is taking off in Johannesburg.

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People to Watch: Pitching in for the chance of a better DRC

The months to come will show who shoots for the presidential seat, but some people are already making progress in their goals for the country.

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