NewsSouthern Africa

Sat,21Oct2017

Southern Africa

South Africa can avert further downgrades: central bank governor

Lesetja Kganyago speaks to the media in Washington, 2011. Photo: Jacquelyn Martin/AP/SIPASouth Africa is capable of quickly addressing concerns raised by credit ratings agencies to avoid further downgrades, central bank governor Lesetja Kganyago said on Thursday.

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South Africa's MTN records higher Q1 revenue on strong data

 An MTN advertisement is seen on a giant electronic board over a slum in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPAMTN Group reported a 7.1% rise in first-quarter group revenue helped by a strong performance in data services, Africa's biggest mobile phone operator said on Wednesday.

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Norilsk Nickel files lawsuit against Botswana over Nkomati stake sale

German Chancellor Angela Merkel, right, welcomes the President of Botswana, Seretse Khama Ian Khama, left, in Berlin, Germany, March 7, 2017. Photo: Michael Sohn/AP/SIPARussia's Norilsk Nickel said on Friday it had filed a lawsuit against the government of Botswana to try to recoup $271 million plus damages it says it is owed from the aborted sale of a 50% stake in the Nkomati mine in South Africa.

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Old Mutual Wealth's client inflows rise as parent works on break-up

Old Mutual Wealth forecast that markets will remain volatile until the outcome of Britain's June general election. In this  photo, Britain's Prime Minister Theresa May departs 10 Downing Street in London for Prime Minister's Questions, April 19, 2017. Photo: Frank Augstein/AP/SIPAFinancial services group Old Mutual Plc's UK asset management business reported its higher ever quarter for client inflows and funds under management for the first three months of the year, citing increased demand for its services and platform.

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Cabin crew at South African Airways launch strike over pay

Fire service vehicle parks in front of the South African Airways SA286 in the Hong Kong International Airport Wednesday, July 16, 2014. Photo: AP/SIPACabin crew at South African Airways (SAA) went on strike on Wednesday over pay benefits, the top union at the state-owned carrier said, disrupting domestic flights and threatening to extend the walkout to international routes.

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South Africa's Sibanye declares war on illegal gold miners

 Sibanye Gold CEO Neal Froneman, third from left, ring the closing bell at the New York Stock Exchange, Feb. 21, 2013. Photo: Mary Altaffer/AP/SIPAIllegal gold mining has plagued South Africa's mining companies for decades, robbing the industry and state coffers of billions of rand through small-time pilfering as well as networks run by organised crime.

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