NewsSouthern Africa

Fri,23Jun2017

Southern Africa

South Africa's MTN records higher Q1 revenue on strong data

 An MTN advertisement is seen on a giant electronic board over a slum in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPAMTN Group reported a 7.1% rise in first-quarter group revenue helped by a strong performance in data services, Africa's biggest mobile phone operator said on Wednesday.

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Norilsk Nickel files lawsuit against Botswana over Nkomati stake sale

German Chancellor Angela Merkel, right, welcomes the President of Botswana, Seretse Khama Ian Khama, left, in Berlin, Germany, March 7, 2017. Photo: Michael Sohn/AP/SIPARussia's Norilsk Nickel said on Friday it had filed a lawsuit against the government of Botswana to try to recoup $271 million plus damages it says it is owed from the aborted sale of a 50% stake in the Nkomati mine in South Africa.

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Old Mutual Wealth's client inflows rise as parent works on break-up

Old Mutual Wealth forecast that markets will remain volatile until the outcome of Britain's June general election. In this  photo, Britain's Prime Minister Theresa May departs 10 Downing Street in London for Prime Minister's Questions, April 19, 2017. Photo: Frank Augstein/AP/SIPAFinancial services group Old Mutual Plc's UK asset management business reported its higher ever quarter for client inflows and funds under management for the first three months of the year, citing increased demand for its services and platform.

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Cabin crew at South African Airways launch strike over pay

Fire service vehicle parks in front of the South African Airways SA286 in the Hong Kong International Airport Wednesday, July 16, 2014. Photo: AP/SIPACabin crew at South African Airways (SAA) went on strike on Wednesday over pay benefits, the top union at the state-owned carrier said, disrupting domestic flights and threatening to extend the walkout to international routes.

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South Africa's Sibanye declares war on illegal gold miners

 Sibanye Gold CEO Neal Froneman, third from left, ring the closing bell at the New York Stock Exchange, Feb. 21, 2013. Photo: Mary Altaffer/AP/SIPAIllegal gold mining has plagued South Africa's mining companies for decades, robbing the industry and state coffers of billions of rand through small-time pilfering as well as networks run by organised crime.

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Cash strapped Zimbabwe struggles to pay tobacco farmers

 Workers at Boka Tobacco Auction Floors inspect some of the tobacco on the first day of trading in Harare, March, 15, 2017. Photo:Tsvangirayi Mukwazhi/AP/SIPATobacco Farmers in Zimbabwe are demanding their money after weeks of payment delays as the country continues to experience a cash shortage.

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