• South Africa: Deputy President Ramaphosa elected leader of ruling ANC

    Country’s Vice President and businessman Cyril Ramaphosa won Monday ruling African National Congress (ANC)’s leadership voting process becoming 14th President of the party and the likely future president of the country in 2019, the year the current...

    • Posted 3 years ago
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  • Another 12 000 miners will be ousted over next three years

    South Africa’s miner Lonmin and precious metal group Sibanye-Stillwater on Thursday said it could cut more than 12,000 jobs over the next three years after a takeover. South African precious metals miner Sibanye-Stillwater has agreed to buy...

    • Posted 3 years ago
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  • Zimbabwe: Sacked Vice President will be inaugurated on Friday

    Emmerson Mnangagwa will be inaugurated as country’s President on Friday according state broadcaster ZBC after being sacked two weeks ago by former President Robert Mugabe. Mnangagwa is coming from behind after being sidelined in succession of the...

    • Posted 3 years ago
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  • Zimbabwe: Regional SADC grouping to hold meeting on turmoil

    Southern regional grouping Southern African Development Community (SADC) is meeting today (Thursday) in Botswana to discuss the political turmoil in Zimbabwe after the military took control of power and put Mugabe under house arrest. Leaders of the...

    • Posted 3 years ago
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  • Zimbabwe: Army favorite Mnangagwa returns to take control of government

    Emmerson Mnangagwa, sacked Vice-President has returned from self-imposed South Africa exile to take control government few hours after the army announced it controlled of key state institutions, unconfirmed reports say. Mnangagwa, known as “crocodile” reportedly landed Manyame...

    • Posted 3 years ago
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  • SA: AfDB green-lights $172-mln financing package to NedBank group

    The board of directors of the Abidjan-based PanAfrican institution Thursday agreed to release $172 million to serve as financial package for NedBank group in its drive to cover default risk and finance local and continental business. “The...

    • Posted 3 years ago
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  • Mohammed VI-A: First Observation Satellite for Civilian Purposes Launched

    Morocco has launched its first observation satellite designed mainly for civilian purposes, surveillance of the country’s borders and the monitoring of desertification in the region. The launch service provider Arianespace added that it would be also used...

    • Posted 3 years ago
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  • SA: Investec tops again South Africa’s rankings of best private banks

    The South African banking institution has been crowned in London country’s best private bank, winning the title for fifth time in a row. Investec Private Banking and Wealth & Investment won the award at the Global Private...

    • Posted 3 years ago
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  • South Africa: Jacob Zuma reshuffles cabinet once more

    South African President Jacob Zuma on Tuesday reshuffled his cabinet, adjusting six portfolios including the home affairs, state security, Energy and communications. In a statement, Zuma said that after careful consideration he decided to make the changes...

    • Posted 3 years ago
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