NewsSouthern Africa

Fri,19Jan2018

Southern Africa

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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Winnie Madikizela-Mandela: 'It's time for change of leadership'

Winnie Madikizela-Mandela listens as South Africa's president Jacob Zuma, addresses party delegates in Johannesburg, South Africa, July 5, 2017. Photo: Themba Hadebe/AP/SIPAPresident Jacob Zuma has led the governing ANC party to the lowest point in its history due to corruption, and South Africa is reverting to the racist state, says the activist, former first lady and ANC stalwart, Winnie Madikizela-Mandela

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Lonmin to cut social, discretionary spending to save cash

Aug. 12, 2016  - miners leave the Lonmin mine after a shift to make their way home in Marikana South Africa. Photo: Denis Farrell/AP/SIPATroubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters.

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Finance: Stamp of approval

The Post Office has lost a share of the delivery market to private sector companies. Felix Dlangamandla, Gallo Images, Getty Images
Around a tenth of South Africans use Postbank as a trusted savings bank. But will the state-run post office be able to make a go of running a fully fledged bank?

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