BLOEMFONTEIN (Reuters) – South Africa have been working hard on improving their line-out for Saturday’s Rugby Championship test against Australia, captain Eben Etzebeth said on Friday. The imposing lock admitted the Springbok set-pieces had been shambolic in their record 57-0 drubbing by New Zealand last time out. “There definitely were line-out issues and it didn’t […]
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JOHANNESBURG (Reuters) – South African Airways (SAA) has been provided with emergency state funds to help it repay loans of 3 billion rand to Citibank, the Treasury said on Friday. “Government has approved the transfer of funds from the National Revenue Fund (NRF) to SAA to allow the airline to address the debt obligations to […]
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JOHANNESBURG (Reuters) – A violent protest flared on Friday at a Johannesburg store run by Wal-Mart’s South African unit Massmart where workers have staged a week-long strike over wages. Marune Rossouw, a Thomson Reuters employee, said she was trapped inside the store with other shoppers as protesting staff rampaged through the car park, throwing stones […]
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JOHANNESBURG (Reuters) – South African power utility Eskom said on Friday its chief financial officer had been suspended pending a disciplinary hearing following allegations he granted preferential treatment to bidders for coal-supply contracts. In a statement Eskom said CFO Anoj Singh would be afforded “a fair disciplinary process” after the board previously granted him special […]
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LONDON (Reuters) – Angola’s Sonangol has appointed three new board members to help restructure the state oil company, the same week President Joao Lourenco was sworn into office after 38 years of rule by Jose Eduardo dos Santos. The former president’s daughter Isabel dos Santos remains the head of Sonangol. She announced plans last year […]
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GENEVA (Reuters) – The U.N. Human Rights Council voted on Friday to extend the mandate of a Commission of Inquiry into human rights in Burundi, dealing a blow to an attempt by a group of African countries to replace the commission with a different team. Burundi’s ambassador told the other 46 members of the council […]
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GENEVA (Reuters) – The U.N. Human Rights Council voted on Friday to extend the mandate of a Commission of Inquiry into human rights in Burundi, dealing a blow to an attempt by a group of African countries to replace the commission with a different team. Burundi’s ambassador told the other 46 members of the council […]
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JOHANNESBURG (Reuters) – A South African High Court ruled on Friday that it could not compel President Jacob Zuma to set up a commission of inquiry into alleged influence-peddling in his government. The opposition Democratic Alliance had asked the court to force Zuma to establish a commission based on a report last year by an […]
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By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – South Africa’s central bank has told top lenders they cannot fire auditor KPMG, entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. KPMG sacked its South African leadership two weeks ago after it found […]
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JOHANNESBURG (Reuters) – South Africa’s auditor general said on Friday it would retain KPMG as its auditor. KPMG sacked its South African leadership two weeks ago after it found work the accounting firm had done for companies owned by the Gupta family “fell considerably short” of its standards. The family has business links with President […]
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NAIROBI (Reuters) – Kenya’s inflation fell to 7.06 percent year-on-year in September, from 8.04 percent a month earlier, pushed by a fall in some food prices the statistics office said on Friday. Month on month, inflation was -0.57 percent, the Kenya National Bureau of Statistics said in a statement. Inflation for the food and non-Alcoholic […]
Read More (Reuters) – African budget airline Fastjet Plc said on Friday it would raise not less than $44 million, in part through a placing, to fund expansion in South Africa and Mozambique. Fastjet plans an accelerated bookbuild to raise gross cash proceeds of $28 million and would sell 60 million shares to Solenta Aviation Holdings Limited […]
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