NewsSouthern Africa

Tue,24Apr2018

Southern Africa

De Beers returns to South African roots with Kimberley exploration drive

A model displays a rare 10.10-carat blue diamond,  which is part of the De Beers Millennium collection. Photo: Vincent Yu/AP/SIPAAlmost 130 years after diamond giant De Beers emerged from mines around the dusty South African town of Kimberley, the company is going back to its roots with a clutch of exploration permits to prospect for gem deposits near the place of its birth.

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Steinhoff reports former CEO to South African police

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone Tuesday, April 4, 2017. Photo: Denis farrell/AP/SIPASteinhoff has reported its former chief executive Markus Jooste to South Africa's elite Hawks police unit over suspected corruption, its acting chairwoman told a parliamentary committee hearing on Wednesday.

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South Africa's Eskom cannot commit to nuclear expansion: acting CFO

In this photo of Feb. 8, 2012, South Africa's Koeberg nuclear power station is seen on the outskirts of Cape Town, South Africa. Photo: Schalk van Zuydam/AP/SIPASouth Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results.

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South African mining seen a winner as Ramaphosa woos investors

The newly elected ANC President, Cyril Ramaphosa, addresses delegates in Johannesburg, Dec. 20, 2017. Photo:Themba Hadebe/AP/SIPASouth Africa's embattled mining industry could be first in line to benefit from a boost in foreign direct investment (FDI) if the new leader of the ruling party Cyril Ramaphosa implements measures seen as vital to draw in more cash, analysts said.

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South Africa finance minister warns country will feel pain of tough budget

Malusi Gigaba at a news conference in Pretoria, South Africa, after he was announced as the new finance minister, March 31, 2017 Photo: AP/SIPASouth Africa's budget has involved making tough decisions to stabilise the country's debt and the country will feel some pain as a result, its finance minister said on Wednesday.

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From the boardroom to the ballot paper: African business leaders move into politics

MATHIEU PERSAN FOR TARAcross the globe and on the continent, business tycoons are trying their hand at government.  The Africa Report looks at their successes  and failures in using their commercial skills to build popular support and fix economies

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