NewsSouthern Africa

Fri,24Nov2017

Southern Africa

South Africa eyes BRICS partners to build new $10 billion refinery

An oil refinery is seen with Table Mountain in the background, Cape Town, South Africa, Wednesday, Feb 8, 2012. Photo: Schalk van Zuydam/AP/SIPASouth Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery that will be structured by senior debt and equity, energy minister David Mahlobo said on Tuesday.

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Vodacom's eastern pivot

rsz vodacom

Vodacom, majority owned by the UK's Vodafone, is looking to Kenya and Tanzania in its quest to capture new markets outside of South Africa, where it leads the sector

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China will not change friendly policy toward Zimbabwe: FM spokesman

 A military vehicle is seen on a street in Harare, Zimbabwe, Thursday, Nov. 16, 2017. Photo: AP/SIPAA Chinese Foreign Ministry spokesman said on Thursday that China will not change its friendly policy toward Zimbabwe.

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Angola president dismisses Sonangol chair Isabel dos Santos

Angola's then defence minister and now President, Joao Lourenco, shows his ink-stained finger after casting his vote in Luanda, Angola, Aug. 23, 2017. Photo: Bruno Fonseca/AP/SIPAAngolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday, in a dramatic move against the family of the former president.

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South Africa strains pushes debt insurance costs to 4-month high

SA President Jacob Zuma delivers a speech at the BRICS Summit in Xiamen, Fujian province in China, Sept. 4, 2017. Photo:  Kenzaburo Fukuhara/AP/SIPAThe cost of insuring South African debt hit a four-month high on Monday, as scandal-plagued power firm Eskom warned it was in financial trouble and worries swirled about the country's remaining investment grade credit ratings.

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Zimbabwe budget deficit widens sharply on runaway government spending

In this Aug. 10, 2015 photo Zimbabwean President Robert Mugabe delivers a speech in Harare. Photo: AP Photo/Tsvangirayi MukwazhiZimbabwe's budget deficit will soar to $1.82 billion or 11.2 percent of GDP this year from an initial target of $400 million, new Finance Minister Ignatius Chombo told parliament on Thursday.

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