LONDON (Reuters) – Russia’s Nornickel will pay $18 million to pass its 50% stake in Nkomati nickel mine in South Africa to its partner African Rainbow Minerals (ARM), ARM said on Friday, ending years of Nornickel’s attempts to exit Africa. Nickel prices in London are heading for a 46% fall this year, the largest slump …
Nornickel will pay $18 million to drop its stake in nickel JV in South Africa Read More »
By Angela Ukomadu LAGOS (Reuters) – Nigerians seeking a safe outlet for their anger can now get an unusual form of therapy, a “rage room” where they can break glass, smash wardrobes, and destroy electronic devices without any consequences. Located in the crowded megacity of Lagos, Nigeria’s commercial capital, the Shadow Rage Room offers 20-minute …
Lagos rage room offers Nigerians cathartic release for pent-up anger Read More »
By Aadi Nair (Reuters) – Oscar Pistorius’s life story from before and after Valentine’s Day 2013 reads like the script to two markedly different films – the first an inspirational sporting biopic and the second a grim tale of murder. In the first he was the “Blade Runner”, the multiple Paralympic gold medallist with carbon-fibre …
Oscar Pistorius, track star turned murderer, granted parole Read More »
HARARE (Reuters) – Zimbabwe’s blueberry production, one of the country’s fastest growing crops, is under threat from a currency crisis and high borrowing costs, an industry body said. Global consumption of the blue fruit has increased in recent years due to its perceived health benefits which, some studies say, include helping to ward off several …
Zimbabwe’s economic crisis threatens budding blueberry sector Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Friday, giving back some gains from the previous session, when the central bank kept its main interest rate unchanged. At 1544 GMT, the rand traded at 18.8550 against the dollar, 0.19% weaker than its previous close. The dollar last traded around 0.4% weaker against a basket of …
South African rand sheds some gains a day after cbank’s ‘hold’ decision Read More »
By Joe Bavier JOHANNESBURG (Reuters) – A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was “very worried” about the future of the company’s operations in South Africa, which is fighting persistent power cuts and logistics snarls. The company’s VW passenger car brand is in the midst of defining the …
VW struggling with S.Africa costs as group targets savings – executive Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – Johannesburg’s Mall of Africa was buzzing on Friday with bargain hunters pushing trolleys laden with groceries such as cooking oil, boxes of milk and multi-packs of diapers, along with household items such as pillows and detergent. This year’s Black Friday sales come as South Africans grapple with soaring interest …
South Africans seek out Black Friday essentials as crunch continues Read More »
By Abdi Sheikh MOGADISHU (Reuters) – The East African Community trade bloc admitted Somalia as its eighth member on Friday, a move Somali authorities and businesses hope will boost the country’s war-ravaged economy. The EAC common market – which consists of Burundi, Democratic Republic of Congo, Kenya, Rwanda, South Sudan, Tanzania and Uganda – was …
Somalia joins east Africa trade bloc as it eyes new opportunities Read More »
CAIRO (Reuters) – A future Palestinian state could be demilitarised and have a temporary international security presence to provide guarantees to both it and to Israel, Egyptian President Abdel Fattah al-Sisi said on Friday. “We said that we are ready for this state to be demilitarised, and there can also be guarantees of forces, whether …
Egypt president says future Palestinian state could be demilitarised Read More »
By Karin Strohecker LONDON (Reuters) – Long delays in Zambia’s debt restructuring have hamstrung much needed investments, curtailed economic growth, weighed on local financial markets and added to living costs for its people, Finance Minister Situmbeko Musokotwane told Reuters. Zambia defaulted three years ago and is trying to rework its debt under the G20 Common …
