NewsSouthern Africa

Mon,27Feb2017

Southern Africa

Gordhan court summons panics rand

South Africa's finance minister Pravin Gordhan/AP

 

South Africa's finance minister Pravin Gordhan has been summoned to court by the National Prosecuting Authority (NPA) on fraud charges, roiling markets and pushing the rand into free fall.

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A day in the life: 'I started my first business at age 18'

All rights reserved In Zambia, 21-year-old entrepreneur Njavwa Mutambo co-founded a logistics startup with the help of the Tony Elumelu Foundation and incubator BongoHive.

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South Africa's MTN taps fixed income market for $1bn

An MTN office compound in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPASouth Africa's MTN has raised $1bn in two dollar bonds, the telecoms firm said on Thursday, the first such issue by Africa's biggest wireless carrier by sales since 2014.

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Zimbabwe to change black empowerment law to reassure investors

Zimbabwean President Robert Mugabe prepares to deliver his speech during Defence Forces Day celebrations in Harare. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe will amend a black empowerment law that aims to transfer majority shares from foreign-owned firms to locals after it was blamed for deterring investment, President Robert Mugabe said on Thursday.

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South Africa's Zuma under pressure over Gupta links and poor business environment

President Jacob Zuma of South Africa speaks during a high-level meeting at the United Nations General Assembly. Photo: Lucas Jackson/ReutersSouth Africa's public protector will question President Jacob Zuma this week over allegations he was influenced by the wealthy Gupta family in making government appointments, according to the newspaper Business Day.

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South Africa's finance minister Gordhan says economy may be bottoming out

South Africa's finance minister Pravin Gordhan gestures, as he arrives at the South African Parliament to deliver the annual Budget speech in Cape Town. Photo: Schalk van Zuydam/AP/SIPASouth Africa may be over the worst of its economic downturn with potential growth of over 1% next year, Finance Minister Pravin Gordhan said on Monday, noting President Jacob Zuma had expressed confidence in him.

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