NewsSouthern Africa

Mon,11Dec2017

Southern Africa

South Africa's Sibanye Gold aims to restart Cooke mine this week

 In this 2012 photo Daniel Mazibuko pours buckets of water during their illegal gold mining in Roodepoort, South Africa. Photo: Themba Hadebe/AP/SIPASouth African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday.

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Malawi sees IMF loan approval as signal of donor confidence

A woman sits in front of an International Monetary Fund logo at the IMF and World Bank meeting,  Oct. 10, 2012. Photo: Itsuo Inouye/AP/SIPAMalawi's finance minister hopes the International Monetary Fund's approval of a $26.9 million loan could lead to more global lenders unlocking budget support that was suspended three years ago over graft allegations.

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South Africa's Eskom names company veteran Dladla as acting CEO

A street light burns outside a glass office building in Johannesburg Feb.2008.Photo: AP Photo/Denis FarrellSouth African state-owned power utility Eskom appointed Johnny Dladla as acting chief executive on Thursday, a stopgap measure after a leadership crisis at the company worsened last week when the chairman abruptly resigned.

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South Africa adds central bank row to economic and political troubles

President Jacob Zuma gestures during a news conference in Johannesburg, South Africa. Photo: DENIS FARRELL/AP/SIPAA major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency.

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South Africa's low business confidence setback to growth recovery: Moody's

Finance minister Malusi Gigaba, speaks to journalists in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPAThe steep decline in South Africa's business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody's said on Monday, after Africa's most industrialised economy slumped to a recession.

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Botswana's BCL to be sold off piecemeal after sale talks fail

Botswana President Ian Khama attends the SADC Heads of State Summit  in Harare, April, 2015. Photo: TSVANGIRAYI MUKWAZHI/AP/SIPACollapsed state-owned Botswanan copper and nickel producer BCL Limited will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday.

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