NewsSouthern Africa

Fri,15Dec2017

Southern Africa

South Africa's Guptas to sell media stakes in bid to "clear name"

Atul Gupta is seen outside magistrates courts in Johannesburg, South Africa, Sept 2010. Photo: AP/SIPAThe main company owned by South Africa's Gupta brothers, business friends of President Jacob Zuma, said on Monday it would sell its media assets - investments caught up in an influence-peddling scandal.

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South Africa's competition watchdog probes high data costs

A woman uses a mobile phone to take a photo of a bust of the former ANC president, the late Oliver Tambo,  Johannesburg, SA. Photo: Themba Hadebe/AP/SIPASouth Africa's competition watchdog has launched an investigation into the high cost of internet data, the regulator said on Friday, after a groundswell of complaints from consumers and civil society.

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Angola will have a new president for the first time in four decades

Angolan President Jose Eduardo Dos Santos, left, shakes hands with Chinese President Xi Jinping  in Beijing, June 9, 2015. Photo: Wang Zhao/AP/SIPAAngola goes to the polls on August 23 and the ruling People's Movement for the Liberation of Angola (MPLA) is fielding a different candidate for the first time in 38 years.

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New BRICS bank plans $1.5 bln lending for South African projects

 Construction workers on the site of the Rapid Bus Transport System, Johannesburg, June 3, 2009. Photo: DENIS FARRELL/AP/SIPAA New Development Bank (NDB) set up by the "BRICS" group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months.

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Moody's says South Africa's political tensions constraining growth

An ANC supporter holds a placard during a protest, Johannesburg, South Africa, Sept. 5, 2016.Photo: Themba Hadebe/AP/SIPAPolitical tensions in the ruling African National Congress (ANC) will weigh on South Africa's growth, ratings agency Moody's said on Wednesday, a week after President Jacob Zuma survived a no-confidence vote in parliament.

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South Africa's rand, bonds firmer as downgrade fears fade

A worker at the Stock Exchange in Johannesburg, South Africa, April 4, 2017. Photo: Denis farrell/AP/SIPASouth Africa's rand firmed on Monday, buoyed by Moody's decision to delay ratings decision on the sovereign that was scheduled for last Friday.

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