NewsSouthern Africa

Sun,25Feb2018

Southern Africa

Zimbabwe negotiating $1.5 billion guarantee with Afreximbank

Zimbabwe's President Emmerson Mnangagwa speaks after being sworn in at the presidential inauguration ceremony, Nov. 24, 2017. Photo: Ben Curtis/AP/SIPAZimbabwe is negotiating a $1.5 billion guarantee with Afreximbank to ensure foreign investors' funds are protected, central bank Governor John Mangudya said on Wednesday.

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Zimbabwe's mining minister says lithium biggest draw

Nov. 24, 2017:  Zimbabwe's President Emmerson Mnangagwa leaves after the presidential inauguration ceremony in the capital Harare, Zimbabwe. Photo: Ben Curtis/AP/SIPAZimbabwe has the potential to be a leading producer of lithium, which has so far attracted more interest than any other of its minerals, Zimbabwe's new Minister of Mines and Mining Development Winston Chitando said on Tuesday.

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De Beers returns to South African roots with Kimberley exploration drive

A model displays a rare 10.10-carat blue diamond,  which is part of the De Beers Millennium collection. Photo: Vincent Yu/AP/SIPAAlmost 130 years after diamond giant De Beers emerged from mines around the dusty South African town of Kimberley, the company is going back to its roots with a clutch of exploration permits to prospect for gem deposits near the place of its birth.

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Steinhoff reports former CEO to South African police

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone Tuesday, April 4, 2017. Photo: Denis farrell/AP/SIPASteinhoff has reported its former chief executive Markus Jooste to South Africa's elite Hawks police unit over suspected corruption, its acting chairwoman told a parliamentary committee hearing on Wednesday.

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South Africa's Eskom cannot commit to nuclear expansion: acting CFO

In this photo of Feb. 8, 2012, South Africa's Koeberg nuclear power station is seen on the outskirts of Cape Town, South Africa. Photo: Schalk van Zuydam/AP/SIPASouth Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results.

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South African mining seen a winner as Ramaphosa woos investors

The newly elected ANC President, Cyril Ramaphosa, addresses delegates in Johannesburg, Dec. 20, 2017. Photo:Themba Hadebe/AP/SIPASouth Africa's embattled mining industry could be first in line to benefit from a boost in foreign direct investment (FDI) if the new leader of the ruling party Cyril Ramaphosa implements measures seen as vital to draw in more cash, analysts said.

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