NewsSouthern Africa

Tue,17Oct2017

Southern Africa

Middle East rules hurts South Africa's Mediclinic earnings

24052017SouthAfricaSouth Africa's biggest private hospital group by market value, Mediclinic International, reported a 19% drop in underlying annual earnings on Wednesday, hurt by regulations in the Middle East that have now been changed.

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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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