Business

South Africa’s deputy president, Cyril Ramaphosa, on Wednesday vowed a “speedy resolution” to talks on the future of embattled leader Jacob Zuma, expected to step down after mounting political turmoil. President Zuma is under growing pressure to quit in favour of Ramaphosa, his deputy and African National Congress (ANC) party leader, with local media suggesting […]

The United States has expressed worry over the recent upsurge of deadly attacks on security agents and civilians in Cameroon’s restive Anglophone region. The U.S. in a February 5, 2018 statement from the Department of State said it condemned the ongoing violence that has killed two gendarmes, a soldier and worker of the elections body, ELECAM. […]

Zambia’s National Guidance and Religious Affairs Minister Godfridah Sumahili has stressed that the country will not entertain use of sex toys. According to her, being a Christian and law-abiding nation, Zambia will strictly stick to the natural order of things in order to protect citizens from destructive addiction to sex toys. “The Bible says the […]

A prominent American investigator of the illegal ivory and rhino horn trade has been found dead in his Nairobi home with a stab wound in his neck, media reported. Esmond Bradley-Martin, 75, had spent decades tracking the movement of animal products, mostly from Africa to markets in Asia. “It’s a very big loss for conservation,” […]

Easy routes to offshore markets have narrowed for some investors as two popular fund managers have reached their offshore asset ceiling and one large investment platform has implemented offshore limits. But there are still many other ways to gain exposure to offshore markets and South Africans needing this exposure would do well to take advantage […]

Eskom’s shiny new leadership is led by business luminaries Jabu Mabuza and Phakamani Hadebe. Their immediate task as chairman and interim CEO, respectively, will be persuading banks to reopen lending facilities to the cash-strapped power utility, with an immediate need of R20bn. Eskom is headed for a default and risks suspension of its bonds on […]

Eskom executives and the Treasury will approach local banks as early as Monday to restore lending as the company races to avoid the suspension of its bonds by the JSE and to dodge a pending letter of default from the World Bank. The state-owned company needs to raise R20bn over the next few weeks to […]

Despite regular academic assurances that economic and market cycles can be mitigated, managed or will even stop happening “from here on out”, the world is still beset by financial panics. Most recently, we navigated the financial crisis in 2007-08 and the emerging markets collapse, which reached a low point in early 2016. Howard Marks, co-founder […]

The new Eskom board chairman Jabu Mabuza says he was humbled to receive a call asking if he would be willing to take on the job as head of the power utility’s board but it is not a task he accepted lightly. Mabuza‚ who has been credited with the strong turnaround of Telkom in recent […]

Senior Eskom management have written to Deputy President Cyril Ramaphosa pleading with him to take urgent action to replace the board and install a new executive management team. A memorandum addressed to Ramaphosa on Friday was signed by more than 220 senior staff and raised concerns over “current governance‚ ethical leadership and financial issues” facing the embattled power utility. […]


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