Wednesday, March 3, 2021

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South Africa’s transnet issues letters of precautionary suspension to 8 execs

JOHANNESBURG - Transnet announced on Monday morning that eight senior executives have been issued with letters of precautionary suspension resulting from past internal audit...

Currency Crisis Hits Zimbabwe Gold Mines

HARARE - In the 1800s, British colonists in South Africa trekked up to Zimbabwe, attracted by rumours of a land rich in gold. While many...

Zimbabwe Power Utility in Talks With Afreximbank on Debt Plan

HARARE - Zimbabwe’s state electricity utility is in talks with the African Export–Import Bank Ltd. to help clear $70 million of arrears it owes power producers in neighboring...

Nigeria’s PDP Rejects Kano Presidential Election Result

LAGOS - Nigeria’s The Peoples Democratic Party (PDP) in Kano State has rejected the presidential results for the state announced by the Independent National Electoral...

Zimbabwe Slashes Diamonds Royalties

HARARE - Zimbabwe has slashed royalties for its diamond mines to 10 percent of gross revenue, from 15 percent, as it moves to encourage...