NewsSouthern Africa

Sat,15Dec2018

Southern Africa

South Africa's Eskom sees loss of more than $800 mln despite turnaround

In this photo taken Monday, Nov. 21, 2011, the cooling towers at Eskom's coal-powered Lethabo power station are seen near Sasolburg, South Africa.Photo:  Denis Farrell/AP/SIPASouth Africa's struggling state-run power firm Eskom on Wednesday forecast a loss before tax of more than 11.2 billion rand ($800 million) in the current financial year, despite a turnaround plan designed to shore up its finances.

Read more...

Rio Tinto sells stake in Namibia uranium mine to China for $107 mln

In this Aug. 12, 2009 file photo, a man, seen through a glass door, walks inside a Rio Tinto office in Shanghai, China. Photo: AP/SIPARio Tinto will sell its 69 percent stake in a Namibian uranium mine to China National Uranium Corp (CNUC) for up to $106.5 million, it said on Monday, as China seeks to bolster supplies and Rio offloads less-profitable assets.

Read more...

South Africa Airways needs $540 million in working capital from next month

A South African Airways plane is parked at the end of the runway after returning to the airport in Cape Town, South Africa, Saturday June 17, 2006. Photo: CLARENCE MULLER/AP/SIPASouth Africa's cash-strapped state airline will need a total of 7.5 billion rand ($540 million) from next month to fund day-to-day operations into 2019, a presentation to a parliamentary committee by the airline showed on Tuesday.

Read more...

Charities say Malawi plans to gag critics with 'draconian' law

A member of the Malawi Police, a boy and a woman are seen from the media motorcade vehicle accompanying first lady Melania Trump to Chipala Primary School, in Lilongwe, Malawi, Thursday, Oct. 4, 2018. Photo:Carolyn Kaster/AP/SIPACharities in Malawi have accused the government of trying to rush through a "draconian" law ahead of next year's elections aimed at muzzling criticism and stifling advocacy groups.

Read more...

South Africa's Transnet halts Durban port berths project over tender probe

People swim and surf as a boat loaded with goods leaves the port in Durban, South Africa, Tuesday, Nov 29, 2011. Photo: Schalk van Zuydam/AP/SIPASouth Africa's Transnet said on Friday it would stop a 7 billion rand ($505 million) project to deepen berths at Africa's biggest container terminal in the port city of Durban until a dispute over the awarding of a contract is resolved.

Read more...

Little change in Zimbabwe a year after Mugabe downfall

AFPInformal trader Lincoln Chinengundu is frustrated with Zimbabwe's current government and says life has become tougher one year since the resignation of former president Robert Mugabe after an army coup.

Read more...

Page 2 of 589

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