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DON'T MISS : Talking Africa New Podcast – Coronavirus warrior Dr John Nkengasong is not happy about corruption in PPE procurement

South Africa

ACCOUNTABILITY DEFICIT

Lack of SOE governance is a drain on South Africa’s economy, warns OECD

To turn around its economy, South Africa needs to sort out the governance framework for its many state-owned enterprises (SOEs), advises the ... Organisation for Economic Co-operation and Development (OECD) in its latest economic survey of the country.

Slow Lane

Nigeria must jump start automotive strategy, says Volkswagen

When German Chancellor Angela Merkel visited West Africa in August 2018, Volkswagen signed two memorandums of understanding, one with Ghana and ... one with Nigeria.

shopping

RETAIL ANGST

South Africa: ‘Retail is in for a tough period’ as consumers pinch pennies

South African retail trade sales declined 12% in May 2020 compared to the same period last year, signalling a trend that is going to be the new ... normal.

FILE PHOTO: Steinhoff Chief Executive Officer Louis du Preez addresses a presentation to investors in Cape Town

SHOPPING A BARGAIN

Steinhoff extends billion-euro olive branch to litigants

Disgraced retail group Steinhoff plans to settle R136bn (about €7bn) in litigation claims instituted against the company in South Africa, Germany ... and the Netherlands.

Dreams Dashed

South Africa: A sophisticated failing state

Life expectancy that is lower than in war-ravaged Afghanistan in an environment where the state has been captured by private interests alongside ... colossal mismanagement is testimony to a failing state in South Africa.

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MetroCard Replacement

Tap And Go

Zambia gets its first contactless payment card through Absa

Absa has rolled out Zambia’s first contactless payment card as the COVID-19 pandemic quickens digital strategy implementation, the bank’s ... CEO for Zambia Mizinga Melu tells The Africa Report.

PPC South Africa cement

PERFORMANCE BOOST

South Africa: PPC hails lack of cheap imports for surge in cement sales

South Africa’s closed borders have helped lift cement producer PPC’s sales because no cheap imports are coming into the country. ...

France ArcelorMittal

Hard Knock

ArcelorMittal South Africa braces for over 1bn rand in losses

Steel producer ArcelorMittal South Africa will idle two blast furnaces in the country’s economic heartland to curb the effects of a collapse ... in global demand and forecasts it will record more than one billion rand in interim losses.

Laughing Gas

Renergen prepares for South Africa’s first-ever LNG auction

Renergen CEO Stefano Marani is “encouraged” by the early levels of interest in South Africa’s first ever liquefied natural gas (LNG) auction, ... he tells The Africa Report.

Facebook Zuckerberg Censorship

spider man

How Facebook spun its web across African internet

Over the past five years, Mark Zuckerberg's social network has built and invested in a myriad of assets dedicated to continental ... connectivity.

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