Africa-news

Africa-news (598)

By the time most of white-collar South Africa returns to work in January, Adapt IT will no longer be listed on the JSE.

The International Monetary Fund said on Monday its executive board has extended Fund debt service relief for 25 eligible low-income countries for another three months until April 13, 2022.

The Biden administration is considering easing travel restrictions to Southern African countries as U.S. infection rates of the fast-spreading Omicron variant of the coronavirus rise, top infectious disease expert Dr. Anthony Fauci said on Monday.

Every time an aeroplane streaked the sky over Kgomotso Phatsima’s village in rural Botswana, she would pause, look up and vow she too would fly high one day.

Brazil raised nearly $2 billion (~R31.85 billion) Friday with the auction of two large oil blocks, drawing bids from major international firms after struggling recently to generate interest in its offshore fields.

Global internet giant Google announced its first investment into the African Investment Fund on Thursday, directed at Nigerian and Ugandan road safety venture SafeBoda.

Zimbabwe will levy a controversial new US$50 (R810) tax on imported smartphones - but only where it cannot be proven that an existing 25% duty has not been paid, Finance Minister Mthuli Ncube has said.

Fuel supply hiccups have characterised Zambia’s fuel price increase on Friday as the southern African country kick-started austerity measures under a $1.4 billion IMF supported economic reform programme.

Eskom reported a 4 000% improvement in net profit for the six months ended in September. The power utility reported a R9.2 billion interim profit for the six months ended in September, but still expects to incur a R9.1 billion loss when the financial year ends in March.

The former owners of footwear retail company Tekkie Town have arrived at a settlement agreement with the Steinhoff Group, they said in a statement on Wednesday.

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