NewsSouthern Africa

Wed,22Oct2014

Southern Africa

Mining: End of Iron Age

Sishen mine in South Africa does not have the heavy transport costs of the Central African deposits. Photos©Nadine Hutton/Bloomberg via Getty ImagesLow prices and high supplies are driving iron ore prices down. Analysts say large companies will survive the crunch but many smaller producers and explorers may be faced with tough decisions.

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Zimbabwe mobile operators to slash rates

Photo©ReutersZimbabwe's mobile regulatory authority – the Postal and Regulatory Authority of Zimbabwe (POTRAZ) – has ordered all three mobile network operators to slash voice tariffs to 15 cents per minute with effect from December, down from 23 cents per minute.

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Oscar Pistorius goes to prison

Oscar Pistorius. Photo©ReutersSouth African paralympian, Oscar Pistorius was on Wednesday sentenced to serve five years in prison after being convicted of culpable homicide for killing his girlfriend, Reeva Steenkamp, although the prosecuting authority has hinted that it might appeal, as it seeks a harsher sentence.

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Lesotho: Cyril Ramaphosa seeks dialogue

South Africa's Deputy President Cyril Ramaphosa is leading SADC's facilitation mission in Lesotho. Photo©ReutersThe Southern African Development Community's point man in Lesotho, South Africa's Deputy President Cyril Ramaphosa visited Lesotho on Monday to continue with his facilitation duties.

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IMF warns African countries over Eurobond borrowing

The International Monetary Fund (IMF) has warned African countries against rushing to issue Eurobonds, saying they may face exchange rate risks and problems repaying debts.

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Profile: Mozambique President elect - Filipe Nyussi

Filipe Nyussi, President of Mozambique. Photo©Sergio Costa/AFPIn Mozambique the ruling party's relatively unknown presidential candidate won the October elections without much surprise. So far in politics, he has played tough with the opposition and toed the party line.

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