NewsSouthern Africa

Sat,15Dec2018

Southern Africa

South African state firm Transnet removes CEO

This undated publicity photo supplied by TRANSNET shows the Blue Train against a backdrop of Table Mountain in Cape Town, South Africa. Photo: AP/SIPAThe board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multi-million-dollar deal.

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Angola | Best-laid plans

The government intends to invest in large-scale food production to reduce imports - Credits: JOERG BOETHLING/HÉMIS.FR

The government wants to break free from oil dependency, but will it be able to improve electricity, finance and infrastructure enough to break crude’s hold?

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South Africa's Ramaphosa orders inquiry at $142 billion state pension fund

South Africa President Cyril Ramaphosa speaks during the unveiling ceremony of the Nelson Mandela Statue , Monday, Sept. 24, 2018, at United Nations headquarters. Photo: Angela Weiss/AP/SIPASouth Africa's President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations.

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Angola | Lourenço’s long road

President João Lourenço: some say the country’s cleansing is only skin-deep - Vladimir Astapkovich/Sputnik/AFP
The Angolan president has dealt some big blows to the former ruling family and corrupt chief executives of state-owned entities, but he still has a long way to go to bring the country out of its economic crisis and attract the kind of investors who value transparency and ease of doing business

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New South African finance minister to stick close to Feb budget

A 2006 photo of South Africa's then Finance Minister Trevor Manuel,, and Central Bank Governor Tito Mboweni ... now South Africa's new finance minister. Photo: AP Photo/Rick  South Africa's new finance minister Tito Mboweni will stick closely next week to previous budget forecasts for the coming two fiscal years, with only slight slippages due to poor revenues, economists predicted in a Reuters poll.

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South Africa's Treasury says recession, falling revenue dent public finances

South African President Cyril Ramaphosa, left, shakes hand with newly elected Finance Minister, Tito Mboweni, in Cape Town, South Africa, Tuesday, Oct.9 2018.  Photo: AP/SIPASouth Africa will struggle to finance the public services that form the largest part of its budget due to falling revenues and an economic recession, the National Treasury told lawmakers on Tuesday.

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