NewsSouthern Africa

Wed,18Oct2017

Southern Africa

South Africa's industrial policy is bearing fruit

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South Africa's trade and industry minister Rob Davies​ speaks to The Africa Report about developing regional value chains and the importance of the state’s role in getting positive social and economic outcomes from the private sector​.

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Zimbabwe bans grain imports after higher maize output

A woman gathers maize grain she harvested on the outskirts of Harare, Zimbabwe Oct 2012. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe has banned grain imports to protect local farmers after producing enough to meet domestic demand, a government minister said on Tuesday, just a year after a devastating drought left more than 4 million people in need of food aid.

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Chairman of South Africa state power utility Eskom resigns

A worker from Eskom disconnects cables that were connected illegally by residents in Soweto, South Africa, 2010. Photo: Tawanda Mudimu/AP/SIPAThe chairman of South Africa state-run power utility Ben Ngubane has resigned and former acting chief executive Zethembe Khoza  will fill the role on an interim basis, the company and the ministry of public enterprises said on Tuesday.

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S.Africa's Sibanye says $1 bln rights issue oversubscribed

Sibanye Gold CEO Neal Froneman, left, and Chairman Sello Moloko, center, ring the closing bell at the NY Stock Exchange, Feb 2013. Photo: Mary Altaffer/AP/SIPASibanye Gold's $1 billion rights issue, aimed at raising capital to help fund its acquisition of U.S. platinum producer Stillwater, was oversubscribed by almost five-fold, the company said on Monday.

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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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