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Africa

Meet the cocoa farmers who have never tasted chocolate

Dec 11 2018 08:57

Where does SA's chocolate come from? In Ghana - the world’s second-largest cocoa bean producer - farmers have spent their entire lives producing cocoa for industrialised nations, and never tasted chocolate.

    Africa

    Zimbabwe may let foreigners own majority stakes in diamond mines

    Dec 05 2018 12:08

    Zimbabwe’s government may allow foreign investors to hold controlling stakes in diamond mines on condition that part of their output is reserved for domestic downstream industries.

    Africa

    Auctions boom in Zim as Tongaat, Metallon and others default

    Dec 02 2018 20:01

    Auction companies are booming in Zimbabwe as companies and individuals - including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation - default on loan payments or other financial obligations.

    Africa

    SA business confidence at lowest since 2017 junk rating

    Nov 27 2018 12:40

    South African business confidence fell to the lowest level since the country lost its investment-grade credit rating, as political and policy uncertainty continue to weigh on sentiment.

    Africa

    Zimbabwe needs $171m to deal with rural food shortages

    Nov 27 2018 12:39

    More than two million Zimbabweans may need support to buy food between January and March 2019, according to a report released by the government and the World Food Programme.

    Africa

    Ramaphosa grants SARS inquiry two-week extension for final report

    Nov 27 2018 13:15

    President Cyril Ramaphosa has granted the Nugent Commission of Inquiry an extension to file its final report on the state of tax administration and governance at the SA Revenue Service.

    Economy

    No capacity to compensate displaced white farmers, says Zim

    Nov 27 2018 06:01

    The Zimbabwean government is engaging international financial institutions and other stakeholders with a view to compensating displaced white farmers, says Finance Minister Mthuli Ncube.

    Africa

    Zimbabwe petrol stations run dry due to currency shortages

    Nov 22 2018 10:52

    Some filling stations in Zimbabwe’s capital have run out of petrol as the country deals with currency shortages, says Transport Minister Joram Gumbo.

    Africa

    Mozambique banking outage wreaks revenue havoc for business

    Nov 20 2018 10:34

    Mozambican companies are facing a collapse in revenue because of an interbank-payments system outage that began last week, according to the country’s biggest business association.

    Economy

    Petrol pain: Govt needs to recoup about R2bn for fuel subsidy

    Nov 18 2018 15:56

    The state will likely recoup the R2bn that it subsidised the fuel price with in November over two months rather than taking it all back in December, says an economist.

    Economy

    Forex shortages hit Zimbabwe’s local bourse

    Nov 15 2018 22:30

    The Zimbabwe Stock Exchange is the latest institution in the southern African country to be hit by critical foreign currency shortages.

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    Africa

    Zimbabwe's prices surge at fastest pace since hyperinflation

    Nov 13 2018 16:51

    Zimbabwean consumer prices surged at their fastest pace since a hyperinflationary spiral a decade ago, casting a further shadow over the economic reform efforts of President Emmerson Mnangagwa.

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