NewsSouthern Africa

Tue,28Mar2017

Southern Africa

Mozambique oil and gas contracts to be signed early next year

A truck passes a pump at an Exxon Mobil station in Williamsville, USA. Photo: David Duprey/AP/SIPAMozambique's National Petroleum (INP) expects to sign new oil and gas prospecting contracts by early next year with the companies awarded rights to test for hydrocarbons across the country, an official said today.

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S.Africa mine sector on a "knife edge" due to political strife: Sibanye CEO

A closed mine shaft in Welkom, South Africa, May 2016. Photo: Themba Hadebe/AP/SIPASouth Africa's key mining industry is at risk of collapse due to political unrest and labour instability which have negatively impacted investment into the country, the chief executive of the nation's biggest gold company said today.

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South Africa's political tug-of-war could turn debt into junk

An unemployed woman carries, collected cardboard for recycling to a depot in Johannesburg. Photo: Tawanda Mudimu/AP/SIPASouth Africa says it has done enough to show credit rating agencies it can boost economic growth, but an ongoing power struggle within the ruling African National Congress could push it into junk status next week.

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South Africa's Tiger Brands FY profit up after Nigeria sale

Photo via Tiger BrandsSouth Africa's biggest consumer foods maker, Tiger Brands, reported a 19% rise in full-year profit today, after disposing of a loss-making Nigerian unit.

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South Africa slows nuclear power expansion plans

South Africa's Koeberg nuclear power station is seen on the outskirts of Cape Town. Photo: Schalk van Zuydam/AP/SIPASouth Africa's government has slowed its nuclear power expansion plans, according to a draft energy paper, although state energy utility Eskom said the country should stick to its original plan of bringing a new plant online by 2025.

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Zambia's generation game

Girls’ empowerment is a cause close to Tasila Lungu’s (centre) heart. Photo via Facebook

Presidential daughter Tasila Lungu has launched her own political career

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