NewsSouthern Africa

Sat,19Aug2017

Southern Africa

Skeletons in the closet, loyalty to the party and South Africa’s political landscape

Photo: flowcomm/Flickr
With South Africa’s 2019 national elections looming overhead, its political landscape has not caught a break as each month, and even week, that passes another ‘skeleton in the closet’ comes out to shock the public.

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Vitol, Gunvor eye Mozambique fuel distributor privatisation: report

07062017MozambiqueGlobal oil traders Vitol and Gunvor are interested in buying Mozambique's struggling state-owned fuel distributor Petromac, local media reported on Wednesday.

 

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South Africa slips into recession, heaping pressure on Zuma

Woman asking for money on a street in Johannesburg, South Africa. Photo: Themba Hadebe/AP/SIPASouth Africa has entered recession for the first time in eight years, data showed on Tuesday, piling pressure on a government facing corruption allegations and credit downgrades.

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South Africa's Impala Platinum offers $500 mln in convertible bonds

 Miners at the Lonmin Platinum mine, South Africa, Sept. 20, 2012. Photo: Denis Farrell/AP/SIPASouth Africa's Impala Platinum (Implats) plans to sell about $500 million of unsecured bonds that will be convertible into shares with the proceeds being used to refinance existing debt, the company said on Friday.

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Middle East rules hurts South Africa's Mediclinic earnings

24052017SouthAfricaSouth Africa's biggest private hospital group by market value, Mediclinic International, reported a 19% drop in underlying annual earnings on Wednesday, hurt by regulations in the Middle East that have now been changed.

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IMF offers three-pillared prescription for African growth

22052017SenegalCountries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people.

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