Southern Africa

South African central bank cuts bond buys to 2.5 bln rand in July

JOHANNESBURG (Reuters) - The South African central bank further cut its government bond purchases in July, buying 2.5 billion rand ($142 million)...

South Africa’s MTN to exit Middle East over medium-term

JOHANNESBURG (Reuters) - South African mobile operator MTN Group said on Thursday it will be exiting the Middle East over the medium...

South African rand creeps up after slipping to two-month low

JOHANNESBURG (Reuters) - South Africa’s rand inched up on Wednesday after dropping to two-months lows the day before, as some risk demand...

South Africa’s Eskom seeks $221 million damages over coal deal

JOHANNESBURG (Reuters) - Power utility Eskom and South Africa’s Special Investigating Unit (SIU) said on Monday they had issued a court summons...

SAB dumps $290 mln investment plans after South Africa alcohol ban

JOHANNESBURG (Reuters) - South African Breweries (SAB) said on Monday it was cancelling 5 billion rand ($290 million) of planned investments as...

South Africa’s rand falls as virus fears hit risk appetite

JOHANNESBURG (Reuters) - South Africa’s rand fell to its weakest in more than three weeks on Monday, as fears about the economic...

South Africa produces its first ventilators to fight COVID-19

Poorly resourced hospitals across Africa, which is nearing a million cases of COVID-19 — more than half of them in South Africa — have struggled to cope with a burgeoning case load amid a global scramble favouring richer nations in procuring ventilators and protective gear.

South Africa’s central bank plans more reverse bond repurchases

JOHANNESBURG (Reuters) - South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases...

OPINION: Inside Zimbabwe’s $3.5 bn deal for farmers- Ben Freeth

Assuming these legal aspects are able to be sorted out, what about the amount being agreed? Under international law it is unquestionably a very poor deal. Heinrich Von Pezold did a full claim under international law due to a bilateral investment treaty and was awarded a sum of close to 200 million US dollars. Admittedly he was a large Investor, but if the same criteria of international law were used for the rest of the farmers, the bill would be at least 5 times the current amount - and probably considerably more.

EXCLUSIVE: “I can assure you that this agreement will be honoured in dollars” Zimbabwe’s finance minister Mthuli Ncube on the $3.5 billion deal with...

Zimbabwe finance minister Mthuli Ncube has told sceptical farmers that his government will pay them out in hard currency for farms taken...

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