NewsSouthern Africa

Wed,28Jun2017

Southern Africa

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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South Africa's Vodacom names Moleketi as chairman

A schoolboy walks beneath a mobile phone advertising billboard in Johannesburg Sept 2014. Photo: Denis Farrell/AP/SIPASouth Africa's Vodacom Group said on Thursday it has appointed non-executive director Jabu Moleketi to succeed Peter Moyo as the mobile phone network operator's next chairman.

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South Africa's industrial policy is bearing fruit

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South Africa's trade and industry minister Rob Davies​ speaks to The Africa Report about developing regional value chains and the importance of the state’s role in getting positive social and economic outcomes from the private sector​.

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Zimbabwe bans grain imports after higher maize output

A woman gathers maize grain she harvested on the outskirts of Harare, Zimbabwe Oct 2012. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe has banned grain imports to protect local farmers after producing enough to meet domestic demand, a government minister said on Tuesday, just a year after a devastating drought left more than 4 million people in need of food aid.

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Chairman of South Africa state power utility Eskom resigns

A worker from Eskom disconnects cables that were connected illegally by residents in Soweto, South Africa, 2010. Photo: Tawanda Mudimu/AP/SIPAThe chairman of South Africa state-run power utility Ben Ngubane has resigned and former acting chief executive Zethembe Khoza  will fill the role on an interim basis, the company and the ministry of public enterprises said on Tuesday.

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