NewsSouthern Africa

Wed,18Jul2018

Southern Africa

Steinhoff seeks further debt standstill from creditors

A shopper takes his shopping cart along one of the wide walk-ways at the Mall of Africa in Midrand, South Africa, Thursday April 28, 2016. Photo: Denis farrell/AP/SIPATroubled retailer Steinhoff said it is seeking a further three week standstill from creditors on its debt obligations as a financial restructuring nears agreement.

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Old Mutual wraps up four-way break-up with Johannesburg listing

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone Tuesday, April 4, 2017. Photo: Denis farrell/AP/SIPAOld Mutual Plc will list its African financial services unit in Johannesburg on Tuesday, returning to its roots as a South African-based financial services group and largely wrapping up a radical break-up of the group.

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Mozambique: The anatomy of corruption

 

Grant Lee Neuenburg/ReutersThe Africa Report shines a light on how an African government crafted  a shady deal, with the help of international contractors and big banks, that the country’s citizens will be paying for over decades to come

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Restructuring Eskom top of South Africa agenda-finmin Nene

SA Finance Minister Nhlanhla Nene, left, delivers the annual South Africa budget speech to Parliament in Cape Town, South Africa, Wednesday, Feb. 25, 2015. Photo: Schalk van Zuydam/AP/SIPARestructuring state-run power firm Eskom is "on top of the agenda" for South Africa, the country's finance minister Nhlanhla Nene said on Friday, though he said recent outages likely had very little impact on the economy.

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Zimbabwe regulator cuts mobile data tariffs by 60 percent

AP/SIPAZimbabwe's telecoms regulator has cut the price of mobile data by 60 percent with effect from next month, it said on Thursday, adding that it will now review charges annually.

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Day in the life: Chef Vusumuzi Ndlovu

 

Avelinoken PhotographyVusumuzi Ndlovu’s determination to “kick ass” takes the 28-year-old chef to Italy  in June, representing the continent at the San Pellegrino Young Chef Awards

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