NewsSouthern Africa

Wed,23Aug2017

Southern Africa

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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South Africa open to Iranian investment if new refinery goes ahead

An oil refinery is seen with Table Mountain in the background, Cape Town, South Africa, Feb 8, 2012. Photo: Schalk van Zuydam/AP/SIPASouth Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners on a new refinery project, energy ministry officials said on Friday.

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GM will cut operations in India, South Africa

Employees of General Motors India work at a manufacturing plant of the company at Halol, India, April, 2010.Photo: Ajit Solanki/AP/SIPAGeneral Motors Co plans to quit selling vehicles in India by the end of this year and will sell operations in South Africa, the latest steps in a strategy of focusing cash and engineering effort on fewer, more profitable markets.

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S.Africa's central bank governor says raising rates won't lure investment

Lesetja Kganyago speaks to the media about a G-24 meeting, April 14, 2011, in Washington. Photo: Jacquelyn Martin/AP/SIPASouth Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments to the country after its credit rating was downgraded to junk.

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South Africa's Eskom says Molefe reinstated as chief executive

In this photo taken March 10, 2015 electricity pylons cross the skyline of Johannesburg city, background. Photo: Themba Hadebe/AP/SIPAEskom's former chief executive Brian Molefe will return to his job next week, the South African power utility said on Friday, about five months since he stepped down after being implicated in a report by the anti-graft watchdog into alleged influence-peddling.

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Enough is enough with our junk president

Schalk van Zuydam/AP/SIPA

South African comedian Conrad Koch poses for a photograph with his puppet, Chester Missing, at his home in Cape Town. Photo: Schalk van Zuydam/AP/SIPA.

While America has its 45th president and purportedly its second one of colour – because orange is a colour – we in South Africa are on our fourth democratically elected president. The West often only really seems to know about two African leaders: Nelson Mandela and The Lion King, and sometimes they seem to think Nelson Mandela is actually Morgan Freeman.

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