NewsSouthern Africa

Fri,15Dec2017

Southern Africa

Eskom says rolling cuts unlikely despite coal supply fall

People walk below power pylons at Hartebeespoort, South Africa, Friday Nov. 25, 2011. Photo: Denis Farrell/AP/SIPASouth African utility Eskom said on Thursday rolling power cuts are unlikely despite coal supply possibly falling below a 20-day requirement at its Hendrina power station.

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Winnie Madikizela-Mandela: 'It's time for change of leadership'

Winnie Madikizela-Mandela listens as South Africa's president Jacob Zuma, addresses party delegates in Johannesburg, South Africa, July 5, 2017. Photo: Themba Hadebe/AP/SIPAPresident Jacob Zuma has led the governing ANC party to the lowest point in its history due to corruption, and South Africa is reverting to the racist state, says the activist, former first lady and ANC stalwart, Winnie Madikizela-Mandela

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Lonmin to cut social, discretionary spending to save cash

Aug. 12, 2016  - miners leave the Lonmin mine after a shift to make their way home in Marikana South Africa. Photo: Denis Farrell/AP/SIPATroubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters.

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Finance: Stamp of approval

The Post Office has lost a share of the delivery market to private sector companies. Felix Dlangamandla, Gallo Images, Getty Images
Around a tenth of South Africans use Postbank as a trusted savings bank. But will the state-run post office be able to make a go of running a fully fledged bank?

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Tens of thousands dying from $30 billion fake drugs trade, WHO says

A chemist is seen working in a legitimate lab at a Cipla manufacturing unit, Mumbai, India, Feb 9, 2012. Photo: Rafiq Maqbool/AP/SIPAOne in 10 drugs sold in developing countries is fake or substandard, leading to tens of thousands of deaths, many of them of African children given ineffective treatments for pneumonia and malaria, health officials said on Tuesday.

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Investors undeterred by South Africa's tumble to junk "buying the dips"

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone, April 4, 2017. Photo:Denis farrell/AP/SIPASouth Africa has plunged deeper into "junk" ratings territory and its fiscal situation is worsening but some investors are undeterred, choosing to buy its bonds cheap and pocket one of highest yield premiums offered in emerging markets.

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