NewsSouthern Africa

Wed,24May2017

Southern Africa

South Africa's Sibanye secures $2.65 billion finance for Stillwater deal

Sibanye Gold Ltd has secured a loan of $2.65 billion to support the acquisition of Stillwater Mining Company, the only US miner of platinum and palladium, the South African company said on Monday.

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Protesters drown out Zuma's State of the Nation message about inequality

Militant oppositionists clashed with security officials and ANC loyalists in Cape Town

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South Africans take to the streets ahead of Zuma's State of the Nation address

The government makes a show of political and military force against the opposition as Zuma faces a key parliamentary test.

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South Africa's presidential frontrunner announces country's first minimum wage

Facing economic woes and dissent, the country's governing party tries a radical relaunch.

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Nigeria fine to push South Africa's MTN to 2016 loss, shares fall

South African mobile phone operator MTN Group expects to report a full-year loss due to a $1bn regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low.

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Botswana's growth to almost double as commodity sales rebound

Botswana's economy will grow by nearly double in 2017 compared to the previous year as Africa's largest exporter of diamonds shakes off a slump in global commodity prices and electricity shortages.

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