NewsSouthern Africa

Mon,21Jan2019

Southern Africa

Recession-bound South Africa sees wider budget deficits, low growth; rand dips

Friday, July 27, 2018: South African President Cyril Ramaphosa addresses a media conference at the end of the BRICS Summit in Johannesburg, South Africa. Photo: Themba Hadebe/AP/SIPASouth Africa predicted wider budget deficits and cut growth forecasts in a bleak budget on Wednesday that focused spending on infrastructure, manufacturing and agriculture to boost the recession-bound economy.

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Inside Malema’s revolution

Rajesh Jantilal/AFP

Demanding free education for all, radical land reform and an end to corruption, the Economic Freedom Fighters are winning over the youth. Next stop, national power?

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South Africa's Eskom plans first major battery storage project

Eskom's electricity pylons snake across a hill in a Johannesburg suburb, Thursday, Nov. 24. 2011. Photo: AP Photo/Denis Farrell South Africa's state-run power firm Eskom said on Tuesday it is planning its first major battery storage project as President Cyril Ramaphosa seeks to boost renewable energy usage and reduce the country's reliance on coal.

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South African state firm Transnet removes CEO

This undated publicity photo supplied by TRANSNET shows the Blue Train against a backdrop of Table Mountain in Cape Town, South Africa. Photo: AP/SIPAThe board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multi-million-dollar deal.

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Angola | Best-laid plans

The government intends to invest in large-scale food production to reduce imports - Credits: JOERG BOETHLING/HÉMIS.FR

The government wants to break free from oil dependency, but will it be able to improve electricity, finance and infrastructure enough to break crude’s hold?

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South Africa's Ramaphosa orders inquiry at $142 billion state pension fund

South Africa President Cyril Ramaphosa speaks during the unveiling ceremony of the Nelson Mandela Statue , Monday, Sept. 24, 2018, at United Nations headquarters. Photo: Angela Weiss/AP/SIPASouth Africa's President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations.

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