Southern Africa

Zimbabwe’s health minister, accused of corruption, sacked: statement

HARARE (Reuters) - Zimbabwe’s President Emmerson Mnangagwa has sacked health minister Obadiah Moyo with immediate effect for inappropriate conduct, a statement from...

How eThekwini Municipality plans to help businesses survive COVID-19-induced economic downturn

Tune into CNBC Africa for this eThekwini’s Economic Recovery Plan discussion. It’s a more than half a billion rand plan that aims to support business safeguard jobs and protect the livelihoods of its citizens....

Old Mutual makes acting CEO permanent, a year after sacking predecessor

JOHANNESBURG (Reuters) - Old Mutual said on Friday acting CEO Iain Williamson had been made permanent, ending a year of uncertainty over...

How Zimbabwe farmers will be trained how to farm with a scheme from Belarus with love

When the farm invasions were unleashed by the people in power in 2000, it led to bloodshed and random confiscation that reaped a bitter harvest of lost production and exports that persists until this day. That year with all of its fumbling fury fuelled with the idea that to get rich you merely had to own a farm, is always seen as a turning point for the industry. It created a large slice of the country’s GDP and as it fell, so did the fortunes of Zimbabwe.

South Africa’s National Treasury says “no further action” to bailout SAA airline

CAPE TOWN (Reuters) - South Africa’s National Treasury said on Friday there was “no further action” planned to bailout struggling national airline...

The African entrepreneur who made it by streaming sweet music to the locked down.

LUANDA (Reuters) - When the Angolan government imposed its coronavirus lockdown in late March, local entrepreneur and innovator Claudio Kiala saw a...

South Africa records first current account surplus in 17 years

JOHANNESBURG (Reuters) - South Africa recorded its first current account surplus in 17 years in the first quarter of 2020 as the...

SAA administrators aim to publish revised plan on July 7

JOHANNESBURG (Reuters) - Administrators at South African Airways (SAA) aim to publish a revised restructuring plan on July 7 incorporating some ideas...

Hello? – How Zimbabwe’s got the wrong number when it comes to mobile money

“The unprecedented measures have been necessitated by the need to protect consumers on mobile money platforms which are being abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy,” the statement read.

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