South Africa's power utility Eskom estimates it would have 150bn rand ($11bn) within the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said.
- Friday, 23 September 2016 11:31
- Tuesday, 20 September 2016 12:58
The probability of a credit rating downgrade for South Africa is about a third, Moody's said on Tuesday, warning however that a cut was likely if economic growth fell below its estimated growth of 0.2% this year.
- Friday, 16 September 2016 11:15
The president of Mozambique on Thursday pledged to work with the International Monetary Fund on the terms of an international audit of its public debt, the IMF said in a statement.
- Tuesday, 13 September 2016 11:29
South Africa's current account deficit narrowed more than expected in the second quarter, data showed on Tuesday, supporting Finance Minister Pravin Gordhan's view that Africa's most industrialised economy was not in "recession territory".
- Monday, 12 September 2016 13:55
GlaxoSmithKline is to sell its portfolio of anesthetic drugs to South Africa's Aspen Pharmacare for up £280m ($372m) as part of a drive by the British drugmaker to focus on core therapy areas.