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South Africa

CYANIDE SPILL

Banks face new ESG hurdle after Liberian mining pollution complaint

An NGO-backed complaint over pollution from gold mining in Liberia may lead to Western development finance institutions (DFIs) holding partner ... commercial banks responsible for the environmental, social and governance (ESG) impacts of their loans.

bold experimentation

South Africa must leave old ideas behind to move forward

In the preface to his great book, The General Theory of Employment, Interest and Money, written in the 1930s at the height of the Great Depression, ... the renowned economist John Maynard Keynes suggested that the obstacle to decisive change: "lies not so much in developing new ideas as in escaping from old ones."

Cash Lite

South Africa: Fintech Ozow plans expansion into SADC and West Africa

South African electronic payments provider Ozow plans expansion to countries in the Southern African Development Community (SADC) and West Africa ... as South Africa’s planned adoption of an instant payment system creates opportunities to increase scale, CEO Thomas Pays tells The Africa Report.

South Africa's President Cyril Ramaphosa

flex time

Ramaphosa’s reshuffle deals with Zuma camp without alienating them

Close to midway through his current term, President Cyril Ramaphosa has made extensive changes to his executive for the first time. The move ... is both a reflection of his weakness and his power. If his gambles at finance and security pay off, Ramaphosa may have laid the foundations for a second term.

South Africa top stories

RISKS AND REWARDS

Vaccine rollout, debt and climate change pose risks to Africa’s ‘fragile’ recovery – World Bank

SOUTH AFRICA-CAPE TOWN-MUNICIPAL ELECTIONS-PARTY CAMPAIGN

mixed messages

South Africa: DA poster row exposes divisions in the party

Missing Middle

South Africa’s Khulisa seeks private-equity investors to lift employment

RISKS AND REWARDS

Vaccine rollout, debt and climate change pose risks to Africa’s ‘fragile’ recovery – World Bank

SOUTH AFRICA-CAPE TOWN-MUNICIPAL ELECTIONS-PARTY CAMPAIGN

mixed messages

South Africa: DA poster row exposes divisions in the party

Missing Middle

South Africa’s Khulisa seeks private-equity investors to lift employment

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SPIRITUAL OPIUM

China’s tech crackdown leaves Naspers exposed as Tencent slides

China's crackdown on the tech sector leaves investors little reason to risk exposure to Tencent via Naspers and Prosus. Should investors head ... for the exit?

major shake-up?

South Africa’s Deputy President Mabuza returns from sick leave in time for cabinet reshuffle

South Africa's deputy president David Mabuza is back after five weeks of sick leave, and his absence co-incided with one of the most violent ... episodes since democratic rule in 1994. He re-appeared just in time for a long-overdue cabinet shake-up, rumoured to be due in a few days' time.

capacity catalyst

South Africa: ‘Covid crisis is stimulating vaccine independence for Africa’ – Aspen Pharma

It has taken a pandemic as severe as Covid-19 to jostle Sub-Saharan Africa into action to bolster its vaccine production capacity and capability, ... argues Stavros Nicolaou of Aspen, Africa's biggest drug company. For the first time in the region’s history, the continent is pooling its resources and aggregating volumes to mount a collective and co-ordinated response for its coronavirus vaccine needs.

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political rivalry

South Africa: Who is leading KwaZulu-Natal?

The leading party in KwaZulu-Natal (KZN) is the African National Congress (ANC), with 44 out of 80 seats. ...

coronavirus champion

South Africa’s Dr Fauci back to battling the long pandemic of HIV

Celebrated epidemiologist Salim Abdool Karim, known as 'South Africa's Dr Fauci', has moved on from his work on the South African Ministerial ... Advisory committee on Covid-19, to serve as a member of the African Task Force for Coronavirus and the Lancet Commission on Covid-19. He's also gone back to focusing on his life's work of fighting the HIV/Aids pandemic.

KINGS OF AFRICA

Chanzo Capital seeks up to $100m to hunt African unicorns

Chanzo Capital is seeking to raise between $50m and $100m for a new fund which will enable African tech start-ups to achieve scale, managing ... partner Eric Osiakwan tells The Africa Report.

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