NewsSouthern Africa

Sun,19Nov2017

Southern Africa

Central bank must be independent, South African finance minister says

Malusi Gigaba at a news conference in Pretoria, South Africa, March 31, 2017. Photo: AP/SIPASouth African Finance Minister Malusi Gigaba on Friday accused the country's anti-corruption agency of overstepping the mark in suggesting changes to the way the central bank works, insisting that monetary policy should remain independent.

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South Africa in talks to roll over $695 mln of state airline debt

People queue at the SAA ticket counter desk at OR Tambo International airport in Johannesburg, South Africa, April 26, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's Treasury is in talks with banks to roll over 545.52 million pounds in debt due to be paid this month by struggling state airline South African Airways (SAA), a senior official said on Tuesday.

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Zimbabwe secures $478 million funding for agriculture: state newspaper

In this 2002 photo, a child searches for loose kernels among discarded maize at the Mbare informal market, Harare, Zimbabwe. Photo: THEMBA HADEBE/AP/SIPAZimbabwe's government has signed a $478 million agreement with an energy company and three banks to finance the 2017/18 summer farming season in a push to improve food security, a state-owned newspaper said on Monday.

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South Africa's Sibanye Gold aims to restart Cooke mine this week

 In this 2012 photo Daniel Mazibuko pours buckets of water during their illegal gold mining in Roodepoort, South Africa. Photo: Themba Hadebe/AP/SIPASouth African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday.

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Malawi sees IMF loan approval as signal of donor confidence

A woman sits in front of an International Monetary Fund logo at the IMF and World Bank meeting,  Oct. 10, 2012. Photo: Itsuo Inouye/AP/SIPAMalawi's finance minister hopes the International Monetary Fund's approval of a $26.9 million loan could lead to more global lenders unlocking budget support that was suspended three years ago over graft allegations.

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South Africa's Eskom names company veteran Dladla as acting CEO

A street light burns outside a glass office building in Johannesburg Feb.2008.Photo: AP Photo/Denis FarrellSouth African state-owned power utility Eskom appointed Johnny Dladla as acting chief executive on Thursday, a stopgap measure after a leadership crisis at the company worsened last week when the chairman abruptly resigned.

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