NewsSouthern Africa

Sun,31Jul2016

Southern Africa

Madagascar gets $305 million IMF credit approval

Photo©Kim Kyung-Hoon/ReutersThe International Monetary Fund (IMF) has approved an equivalent to $304.7 million in financial assistance for Madagascar under a 40-month Extended Credit Facility (ECF) arrangement to help shore up its economy, the fund said.

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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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Zimbabwe's ruling party 'will punish' dissenting war veterans, Mugabe says

Thousands of Mugabe supporters carry his portrait while gathering at the party headquarters in Harare. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe's President Robert Mugabe said he "will punish" the country's influential war veterans association in his first address since the former soldiers issued a scathing critique of his leadership last week.

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