NewsSouthern Africa

Fri,20Oct2017

Southern Africa

Malawi sees IMF loan approval as signal of donor confidence

A woman sits in front of an International Monetary Fund logo at the IMF and World Bank meeting,  Oct. 10, 2012. Photo: Itsuo Inouye/AP/SIPAMalawi's finance minister hopes the International Monetary Fund's approval of a $26.9 million loan could lead to more global lenders unlocking budget support that was suspended three years ago over graft allegations.

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South Africa's Eskom names company veteran Dladla as acting CEO

A street light burns outside a glass office building in Johannesburg Feb.2008.Photo: AP Photo/Denis FarrellSouth African state-owned power utility Eskom appointed Johnny Dladla as acting chief executive on Thursday, a stopgap measure after a leadership crisis at the company worsened last week when the chairman abruptly resigned.

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South Africa adds central bank row to economic and political troubles

President Jacob Zuma gestures during a news conference in Johannesburg, South Africa. Photo: DENIS FARRELL/AP/SIPAA major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency.

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South Africa's low business confidence setback to growth recovery: Moody's

Finance minister Malusi Gigaba, speaks to journalists in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPAThe steep decline in South Africa's business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody's said on Monday, after Africa's most industrialised economy slumped to a recession.

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Botswana's BCL to be sold off piecemeal after sale talks fail

Botswana President Ian Khama attends the SADC Heads of State Summit  in Harare, April, 2015. Photo: TSVANGIRAYI MUKWAZHI/AP/SIPACollapsed state-owned Botswanan copper and nickel producer BCL Limited will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday.

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South Africa's Vodacom names Moleketi as chairman

A schoolboy walks beneath a mobile phone advertising billboard in Johannesburg Sept 2014. Photo: Denis Farrell/AP/SIPASouth Africa's Vodacom Group said on Thursday it has appointed non-executive director Jabu Moleketi to succeed Peter Moyo as the mobile phone network operator's next chairman.

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