NewsSouthern Africa

Sun,19Nov2017

Southern Africa

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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McKinsey worked with S.African firm after learning of Gupta links: sources

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPAGlobal consultancy McKinsey worked with a firm in South Africa for four months after learning it was controlled by the Gupta brothers, business friends of President Jacob Zuma accused of corruption, four sources familiar with the deal said.

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McKinsey worked with S.African firm after learning of Gupta links: sources

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPAGlobal consultancy McKinsey worked with a firm in South Africa for four months after learning it was controlled by the Gupta brothers, business friends of President Jacob Zuma accused of corruption, four sources familiar with the deal said.

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