NewsSouthern Africa

Mon,23Jan2017

Southern Africa

Zimbabwe to change black empowerment law to reassure investors

Zimbabwean President Robert Mugabe prepares to deliver his speech during Defence Forces Day celebrations in Harare. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe will amend a black empowerment law that aims to transfer majority shares from foreign-owned firms to locals after it was blamed for deterring investment, President Robert Mugabe said on Thursday.

Read more...

South Africa's Zuma under pressure over Gupta links and poor business environment

President Jacob Zuma of South Africa speaks during a high-level meeting at the United Nations General Assembly. Photo: Lucas Jackson/ReutersSouth Africa's public protector will question President Jacob Zuma this week over allegations he was influenced by the wealthy Gupta family in making government appointments, according to the newspaper Business Day.

Read more...

South Africa's finance minister Gordhan says economy may be bottoming out

South Africa's finance minister Pravin Gordhan gestures, as he arrives at the South African Parliament to deliver the annual Budget speech in Cape Town. Photo: Schalk van Zuydam/AP/SIPASouth Africa may be over the worst of its economic downturn with potential growth of over 1% next year, Finance Minister Pravin Gordhan said on Monday, noting President Jacob Zuma had expressed confidence in him.

Read more...

MTN denies illegal transfer of $14bn from Nigeria

A worker walks past an outlet of South Africa's MTN Group in Johannesburg. Photo: Siphiwe Sibeko/ReutersSouth African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92bn from Nigeria, saying the claim was without merit.

Read more...

South Africa's Capitec Bank cuts back lending to poorer workers

Customers queue to draw money from an ATM outside a branch of South Africa's Capitec Bank in Cape Town. Photo: Mike Hutchings/ReutersSouth Africa's Capitec Bank warned on Tuesday that it was cutting back on lending to cash-strapped consumers from lower income groups as it posted a 19% rise in half-year profit on steady growth among more affluent clients.

Read more...

Prolific, prodigious, but never pop: Inside the mind of Cape Town designer Atang Tshikare

Atang Tshikare at home in his studio. Photo: YouTubeThe mind of self-taught Cape Town designer Atang Tshikare fizzles with ideas. But he's always focused on one thing: telling positive stories about Africa.

Read more...

Page 8 of 538

Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us