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South Africa’s Eskom plans to spend up to $27 million on severance packages

South Africa’s Eskom has offered some managers voluntary severance packages, capping costs at 400 million rand ($26.8 million), a communique sent to staff by the struggling power utility showed.

Fintech innovations offer alternative to credit traps

South Africans are desperate for innovative payment solutions that don’t involve credit traps. what is available for online shoppers and is there a way to avoid credit in all its disguises entirely?

Portugal prosecutor orders seizure of Africa’s richest woman Isabel dos Santos’ accounts

Portugal’s public prosecutor said on Tuesday it had ordered the seizure of Portuguese bank accounts belonging to Isabel dos Santos, who is a suspect in a fraud investigation in Angola.

Do these 4 things in your 30s if you want to be richer in your 40s, money experts say

You may find yourself juggling a lot financially in your 30s, like purchasing a home, switching jobs, and even having children. Here are four money moves you can make in your 30s that experts say can leave you wealthier in your 40s.

South Africa Q4 unemployment rate remains unchanged at 29.1%

South Africa’s unemployment rate remained unchanged at 29.1% in the final quarter of 2019 compared with the previous quarter, official data showed on Tuesday.

Africa’s most dynamic thought-leaders, industry game-changers and icons of social activism set to feature at the exclusive FORBES WOMAN AFRICA 2020 Leading Women Summit

For the 5th edition of this globally-renowned event, panellists and speakers will engage with the impactful 2020 theme, ‘The Ceiling Crashers 2.0: Power with Purpose’. The day’s thought-provoking discussions will be followed by the highly-anticipated FORBES WOMAN AFRICA Awards Gala Dinner which celebrates the continent’s most influential female ‘ceiling crashers’ across a number of key categories.

South Africa plans to create new generating firm to boost power security, what you need to know

South Africa is planning to create a new power generating company separate from struggling state-owned utility Eskom to boost energy security, senior officials said on Thursday.

Qatar Airways in talks to buy 49% RwandAir stake

A stake in RwandAir would widen Qatar Airways' reach in one of the world’s fastest growing aviation regions, and potentially help it bypass restrictions imposed on it by some Arab states.

Malawi court annuls President Mutharika’s 2019 election victory, here’s why

Malawi’s Constitutional Court on Monday annulled the May 2019 presidential vote that declared Peter Mutharika a winner and ordered a re-run after an application from opposition parties citing irregularities.

Latest

New tool may be able to predict severe COVID-19 cases, NYU professor says | Squawk Box Europe

Professor Anasse Bari of NYU's Courant Institute of Mathematical Sciences outlines how machine learning and artificial intelligence could help in the fight against the coronavirus crisis.

Most EU countries will face a very deep recession: former Greek finance minister | Squawk Box Europe

Former Greek Finance Minister George Papaconstantinou discusses the economic shock being caused by the coronavirus pandemic.

SA coffee shop feels the wrath of the COVID-19 lockdown

As South Africa is currently in a national lockdown due to the Covid-19 outbreak one of the many issues that businesses face is the decrease in customers and supply disruptions; one such company facing the wrath of the lockdown is a coffee shop called Bean There, the owner Jonathan Robinson is now looking at big South Africa retailers such as Pick ‘n Pay, Spar & Takealot to keep afloat. Jonathan joins CNBC Africa for more.

Excellent time for strong companies to make acquisitions, analyst says | Squawk Box Europe

Randeep Somel, associate fund manager at M&G Investments, discusses the economy and M&A activity amid the coronavirus pandemic.

China’s electric vehicles demand has been surprisingly healthy: Xpeng Motors | Street Signs

Xpeng Motors' vice chairman and president, Brian Gu noted that Chinese demand for electric vehicles has not fallen as the coronavirus crisis eases in the country. He adds that Xpeng Motors currently has no plans to launch sales in the United States a