NewsSouthern Africa

Sat,21Oct2017

Southern Africa

China to lend Zambia over $280 million to improve telecoms

A man walks near a logo at a R&D center of Huawei Technologies Inc. in Wuhan, in central China's Hubei province. Photo: AP/SIPAChina will lend Zambia $282 million to improve the nation's telecommunications infrastructure and increase mobile phone usage over three years, the Chinese ambassador said on Friday.

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South Africa considering $1 billion bailout for national carrier

An SAA plane is parked at the end of the runway after returning to the airport in Cape Town, South Africa, June 17, 2006. Photo: CLARENCE MULLER/AP/SIPASouth Africa's Treasury is considering a $972 million bailout to keep South African Airways (SAA) going as it battles a mounting cash crunch, Finance Minister Malusi Gigaba said on Friday.

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Zimbabwe bans polystyrene food packs citing health risks

City council workers take part in a clean up campaign in Harare,July 2014.Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe has imposed a ban on foamed polystyrene, the packaging commonly used for take-out food in restaurants in the country, amid concern that the trays pose potential health risks.

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South Africa puts new mining charter on hold: Chamber of Mines

 In this Feb. 13, 2016 file photo, search and rescue team members at the Lily Gold Mine near Barberton, South Africa.Photo: AP/SIPASouth Africa has suspended implementation of a new mining law, which includes raising the level of shares blacks should own in mining firms, pending a court ruling, the Chamber of Mines industry body said on Friday.

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South Africa considers privatisation to counter recession

Finance minister Malusi Gigaba, speaks at the presidential guest house in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPASouth African Finance Minister Malusi Gigaba laid out an ambitious 14-point programme on Thursday to wrench the economy out of recession that included the sale of non-core assets and partial privatisation of state-owned firms.

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South African parliament joins legal bid to quash call to change central bank's mandate

Speaker Baleka Mbete is in support of the South African Reserve Bank's legal bid to quash the recommendation. Photo: Nic Bothma/AP/SIPAThe South African parliament has filed papers in court challenging the anti-graft watchdog's proposal that the central bank be forced to change its economic mandate, it said.

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