Hundreds march against climate change in South Africa

JOHANNESBURG, South Africa, – Hundreds of activists marched in Johannesburg on Saturday urging their government to reduce its share of carbon emissions, ahead of the UN COP21 climate conference in Paris. “If South Africa, and all other polluting countries, don’t own up to their fair share of climate responsibility, the serious climate impacts being experienced […]

Mozambique: Islamic Devt Bank has Invested $300m in Mozambique

Maputo — The Islamic Development Bank (IDB) has invested around 300 million US dollars in Mozambique since the country joined the institution in 1995, according to the Minister of Economy and Finance, Adriano Maleiane. Speaking at a Maputo press conference on Saturday, held to announce that the 40th annual meeting of the Saudi Arabia-based IDB […]

MTN Nigeria warns reprisal attacks on S.Africans will plunge Nigeria’s economy

MTN Nigeria has cautioned against reprisal attacks on multinationals that have links with South Africa owing to the xenophobic attacks on Nigerians in South Africa,  saying any such occurrence would result in monumental loss and setback for the Nigerian economy. Xenophobic attacks on foreigners in South Africa by some group of South Africans has led […]

Indonesia and Angola for Creation of Asia/Africa Investments Promotion Centre

Jakarta — Angola expressed on Wednesday in Jakarta, Indonesia, its support for the creation of an Asia/Africa Centre, aiming for the promotion of investments in the two countries. This support was expressed by the Vice-president of the Republic, Manuel Domingos Vicente, when addressing the Asia/Africa Summit, taking place until Thursday in Jakarta. However, Manuel Vicente […]

East African bloc IGAD condemns xenophobic violence in South Africa

The East African bloc, Inter-Governmental Authority on Development (IGAD), on Saturday condemned the spate of xenophobic attacks that has gripped parts of South Africa. IGAD Executive Secretary, Mahboub Maalim, described the attacks that left at least six people dead on March 25, as “unfortunate and requiring urgent action”, according to a Xinhua report. Maalim “noted […]

Brand South Africa has lost its shine over new bout of xenophobic attacks

From a position of strength, post-apartheid South Africa has steadily lost its shine. South Africa has lost much of its regional lustre. BRAND South Africa is desperately mounting a fightback after a week of horrific xenophobic attacks mainly aimed at African nationals left its reputation sullied and Pretoria grappling with a major backlash from the rest of […]

South African Benefit From Oil Price Decline Seen as Temporary

(Bloomberg) — The benefit from the lower oil costs for South Africa’s economy will probably be temporary as the drop hasn’t passed through to wider prices and crude should increase further, Reserve Bank Governor Lesetja Kganyago said. “Average wage settlements are still in the realms of 8 percent,” Kganyago said in a speech to a […]