NewsSouthern Africa

Sun,19Nov2017

Southern Africa

Chairman of South Africa state power utility Eskom resigns

A worker from Eskom disconnects cables that were connected illegally by residents in Soweto, South Africa, 2010. Photo: Tawanda Mudimu/AP/SIPAThe chairman of South Africa state-run power utility Ben Ngubane has resigned and former acting chief executive Zethembe Khoza  will fill the role on an interim basis, the company and the ministry of public enterprises said on Tuesday.

Read more...

S.Africa's Sibanye says $1 bln rights issue oversubscribed

Sibanye Gold CEO Neal Froneman, left, and Chairman Sello Moloko, center, ring the closing bell at the NY Stock Exchange, Feb 2013. Photo: Mary Altaffer/AP/SIPASibanye Gold's $1 billion rights issue, aimed at raising capital to help fund its acquisition of U.S. platinum producer Stillwater, was oversubscribed by almost five-fold, the company said on Monday.

Read more...

Skeletons in the closet, loyalty to the party and South Africa’s political landscape

Photo: flowcomm/Flickr
With South Africa’s 2019 national elections looming overhead, its political landscape has not caught a break as each month, and even week, that passes another ‘skeleton in the closet’ comes out to shock the public.

Read more...

Vitol, Gunvor eye Mozambique fuel distributor privatisation: report

07062017MozambiqueGlobal oil traders Vitol and Gunvor are interested in buying Mozambique's struggling state-owned fuel distributor Petromac, local media reported on Wednesday.

 

Read more...

South Africa slips into recession, heaping pressure on Zuma

Woman asking for money on a street in Johannesburg, South Africa. Photo: Themba Hadebe/AP/SIPASouth Africa has entered recession for the first time in eight years, data showed on Tuesday, piling pressure on a government facing corruption allegations and credit downgrades.

Read more...

South Africa's Impala Platinum offers $500 mln in convertible bonds

 Miners at the Lonmin Platinum mine, South Africa, Sept. 20, 2012. Photo: Denis Farrell/AP/SIPASouth Africa's Impala Platinum (Implats) plans to sell about $500 million of unsecured bonds that will be convertible into shares with the proceeds being used to refinance existing debt, the company said on Friday.

Read more...

Page 9 of 555

Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us