NewsSouthern Africa

Tue,24Apr2018

Southern Africa

'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire

Dean Hutton/Bloomberg via Getty imagesAfter failing to merge major retailers Steinhoff and ShopRite last year, South African billionaire investor Christo Wiese is trying new ways to get the companies he has invested in to work closer together as they expand across the continent

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South Africa's Q3 GDP expands as agriculture soars

An electrical storm lights the night sky above crops on a farm near Groblersdal, South Africa, in this Dec. 19, 2006 file photo. Photo: DENIS FARRELL/AP/SIPASouth Africa's economy grew more than expected in the third quarter as the agricultural sector continued to recover from a severe drought while mining and manufacturing also improved, lifting hopes the country may avoid further credit downgrades.

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'It's going to be a tough election': South Africa's ANC votes for a new leader

Dr Zweli Mkhize, Treasurer-General of the African National Congress (ANC), leading party of the Republic of South Africa, in his office at Luthuli House, the ANC headquarters - Credits: Miora Rajaonary for TAR
Amid speculation that he may emerge as a compromise candidate in the ANC leadership election, Mkhize tells The Africa Report what the party needs to fix to win back voters

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Heineken to open $100 mln brewery in Mozambique in 2019

 In this Aug. 14, 2012 file photo,a worker unloads a truck delivering Heineken beer to a pub before its opening hours in Singapore. Photo: Wong Maye-E/AP/SIPAHeineken will open a $100 million brewery in Mozambique, its first production facility in the southern African nation, the brewer said on Monday.

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IMF to send mission to Zimbabwe in coming days

A young girl is accompanied by supporters of President Mnangagwa, at his inauguration ceremony in Harare, Zimbabwe, Nov. 24, 2017. Photo: Ben Curtis/AP/SIPAThe International Monetary Fund will send a staff mission to Zimbabwe in coming days to meet with officials of the new government and assess the country's fiscal and economic situation, IMF spokesman Gerry Rice said on Thursday.

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Eskom says rolling cuts unlikely despite coal supply fall

People walk below power pylons at Hartebeespoort, South Africa, Friday Nov. 25, 2011. Photo: Denis Farrell/AP/SIPASouth African utility Eskom said on Thursday rolling power cuts are unlikely despite coal supply possibly falling below a 20-day requirement at its Hendrina power station.

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