(Reuters) – South Africa’s business confidence fell in the second quarter as the temporary closure of a Toyota assembly plant hit sentiment in the manufacturing and auto sectors, data showed on Wednesday. A survey by the Rand Merchant Bank (RMB) compiled by the Bureau for Economic Research showed the business confidence index dropped to 42 …
S.Africa’s business confidence dips in Q2 on manufacturing sector woes Read More »
JOHANNESBURG (Reuters) – South Africa’s Finance Minister, Enoch Godongwana, on Wednesday named experienced National Treasury official Ismail Momoniat as the body’s acting director-general, after the previous head chose not to extend his contract. The finance ministry said in April that Dondo Mogajane would leave the post of director-general in June “to pursue new opportunities outside …
South Africa’s finance minister names acting Treasury head Read More »
(Reuters) – South African miner Harmony Gold on Tuesday reported that a worker died on Monday in an engineering-related accident at its Kusasalethu mine, 90 km (55.92 miles) west of Johannesburg. “Our heartfelt condolences go out to those impacted by this loss of life. We are deeply saddened and very concerned by the frequency of …
NAIROBI (Reuters) – Kenya’s lawmakers have approved the raising of the public debt ceiling to 10 trillion shillings ($85.6 billion) from 9 trillion shillings, the parliament’s speaker said on Tuesday. “I put the question … that this house approves the Public Finance Management Amendment regulations … that the public debt shall not exceed 10 trillion …
Kenya parliament approves raising of debt ceiling to 10 trln shillings – speaker Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Tuesday, riding on a better than expected growth of the economy in the first quarter, while a surprisingly large rate hike in Australia heightened global investor caution. South Africa’s economy recovered to the level it was before the COVID-19 pandemic thanks to a strong performance by sectors …
South African rand strengthens on strong Q1 GDP data Read More »
TUNIS (Reuters) – Tunisia will start next year gradual cuts in energy and food subsidies coupled with financial transfers to vulnerable families, the government said on Tuesday, announcing a key reform demanded by international lenders. Tunisia is in talks with the International Monetary Fund to agree on a $4 billion loan in return for an …
Tunisia to start food and energy subsidy cuts next year Read More »
LUSAKA (Reuters) – Zambia’s Konkola Copper Mines (KCM) will appoint an adviser to help it find an equity investor willing to fund the mine’s expansion, its provisional liquidator said on Tuesday. Zambia’s previous government put KCM into the hands of a liquidator in May 2019, triggering an ongoing legal dispute with Vedanta Resources, KCM’s parent …
Zambia starts search for new investor in Konkola Copper Mines Read More »
By Alexander Winning PRETORIA (Reuters) -South Africa’s economy grew more than expected in the first quarter, recovering to the level it was before the COVID-19 pandemic thanks to a strong performance by sectors like manufacturing, data from the statistics agency showed. The growth trajectory will offer some comfort to South African President Cyril Ramaphosa, who …
South Africa’s economy reaches pre-pandemic size in strong Q1 Read More »
JOHANNESBURG (Reuters) – The South African government said on Tuesday it was taken aback by Ryanair’s decision to force UK-bound travelers holding the country’s passport to take a test in Afrikaans language to prove nationality, calling the move a “backward profiling system”. The Irish low-cost airline had from last week started forcing UK-bound travelers with …
South Africa ‘taken aback’ by Ryanair’s Afrikaans test to prove nationality Read More »
By Felix Onuah ABUJA (Reuters) – Nigerian President Muhammadu Buhari has no preferred candidate from the ruling All Progressives Party (APC) to succeed him, his spokesman said on Monday, a day before a convention to pick the party’s flag bearer for elections early next year. Vice President Yemi Osinbajo and Bola Tinubu, a powerful former …
Nigeria’s Buhari has no preferred successor, spokesman says Read More »
