NewsSouthern Africa

Mon,27Feb2017

Southern Africa

South Africa's Sibanye secures $2.65 billion finance for Stillwater deal

Sibanye Gold CEO Neal Froneman, left, rings the closing bell at the New York Stock Exchange, in an early photo from 2013. Photo:Mary Altaffer/AP/SIPASibanye Gold Ltd has secured a loan of $2.65 billion to support the acquisition of Stillwater Mining Company, the only US miner of platinum and palladium, the South African company said on Monday.

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Protesters drown out Zuma's State of the Nation message about inequality

EFF leader Julius Malema addresses the press after he and his party were ejected from parliament in Cape Town Thursday, Feb. 9, 2017. Photo: Rodger Bosch/AP/SIPA

Militant oppositionists clashed with security officials and ANC loyalists in Cape Town

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South Africans take to the streets ahead of Zuma's State of the Nation address

A military vehicle passes opposition Economic Freedom Fighter members in Cape Town on 9 February 2017. Photo: AP/SIPAThe government makes a show of political and military force against the opposition as Zuma faces a key parliamentary test.

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South Africa's presidential frontrunner announces country's first minimum wage

South Africa's deputy president Cyril Ramaphosa discusses with African National Congress party members the municipal election results at the results centre in Pretoria. Photo: Herman Verwey/AP/SIPAFacing economic woes and dissent, the country's governing party tries a radical relaunch.

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Nigeria fine to push South Africa's MTN to 2016 loss, shares fall

People buy MTN accessories on a street in Lagos. Photo: Sunday Alamba/AP/SIPASouth African mobile phone operator MTN Group expects to report a full-year loss due to a $1bn regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low.

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Botswana's growth to almost double as commodity sales rebound

President Lt Gen. Seretse Khama Ian Khama, Botswana president, at the National Assembly buildings in Gaborone, Botswana, Tuesday, Oct. 28 2014. Photo:AP/SIPABotswana's economy will grow by nearly double in 2017 compared to the previous year as Africa's largest exporter of diamonds shakes off a slump in global commodity prices and electricity shortages.

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