Home » Posts tagged with » South Africa (Page 2)

South Africa’s MTN posts $279 million annual profit after Nigeria fine saga

MTN Group, Africa’s biggest mobile-network operator by sales, said it returned to profit in 2017 with earnings totaling 3.3 billion rand, or 182 cents per share, in 2017, compared with a loss of 77 cents per share, a year earlier. MTN suffered its first-ever loss in 2016 after a fallout from a $1 billion fine […]

Read More

South African Shoprite eyes Kenya entry

South African retailer giant, Shoprite Holdings, will open seven prime shopping malls in Kenya in the coming months, the firm’s chief executive, Pieter Engelbrecht said. According to Engelbrecht, Shoprite has opened 158 new stores in 2017 across 14 countries; creating 4,254 jobs. The supermarket chain operates 2,811 outlets employing 148,000 people. Six of its seven […]

Read More

South Africa’s Ramaphosa appoints deputy, fires 10 ministers

South Africa’s new leader, Cyril Ramaphosa, on Monday, appointed African National Congress (ANC) Deputy President David Mabuza as his second in command. In a late-night address, Ramaphosa announced significant changes to his Cabinet, including the return of Nhlanhla Nene and Pravin Gordhan, among others. Nkosazana Dlamini-Zuma, the former president’s ex-wife who narrowly lost to Ramaphosa […]

Read More

UK warns of Islamic State attacks in South Africa

The United Kingdom has warned of a threat of attacks by Islamists on foreigners in South Africa following the kidnapping of two British nationals. According to a statement posted on its website, Britain’s Foreign Office said the main threat was from Islamic State. The British couple, who live in Cape Town and have dual British […]

Read More

South Africa’s new president vows to fight corruption

South Africa’s vice-President Cyril Ramaphosa was sworn in as head of state on Thursday, a day after corruption-plagued Jacob Zuma resigned as President of the African most industrialized nation. Immediately after the swearing-in ceremony, the former union leader, vowed to fight corruption in a direct reference to accusations levelled against his predecessor, Jacob Zuma. He […]

Read More

Jacob Zuma finally resigns as South Africa’s president

South Africa’s President Jacob Zuma has finally resigned as president, days after he defied orders from the ruling African National Congress to leave office. In a televised address to the nation late on Wednesday, Zuma said, “no life should be lost in my name and also the ANC should never be divided in my name.” […]

Read More

South Africa’s Zuma moving to exit door

South Africa’s ruling party on Tuesday decided to sack Jacob Zuma as head of state, after hours of heated discussions, sources told Reuters. The African National Congress (ANC) secretary-general Ace Magashule and his deputy Jessie Duarte have personally delivered the party’s recall letter to President Jacob Zuma at his official residence in Pretoria, local media […]

Read More

PyeongChang: Meet Africa’s Winter Olympics hopefuls

As the 2018 Winter Olympics kick off this Friday in PyeongChang, eight contingents will represent the African continent with 13 athletes. It is a record high since 1994 when tougher qualifying standards were imposed. This year, winter Olympic’ veterans, Morocco and South Africa, will participate in the competition along with Eritrea and Nigeria, which are […]

Read More

South Africa: 955 mine workers trapped underground, rescued

Some 955 miners, trapped underground since Wednesday at the premises of Sibanye-Stillwater’s Beatrix gold mine in South Africa, have been brought to the surface, the company said on Friday. Miners were stranded since January 31 following the collapse of both the primary and secondary Eskom powerlines supplying electricity to Beatrix. The collapse had caused a […]

Read More

South Africa: Zuma asks prosecutors to drop 783 graft charges

South Africa’s President Jacob Zuma on Wednesday provided arguments on why he should not be prosecuted for corruption, the National Prosecuting Authority (NPA) said. Wednesday marks the deadline for President Jacob Zuma to make fresh presentations to the National Prosecuting Authority (NPA) on why he should not face prosecution for corruption. Zuma who has faced […]

Read More