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Glencore sells 40% stake in agricultural business for $2.5bln

6th April 2016 Glencore said on Wednesday that it had sold 40% of Glencore Agricultural Products (Glencore Agri) to the Canada Pension Plan Investment Board (CPPIB) for $2.5-billion in cash. The distressed diversified natural resource company said it would use the proceeds to pay down debt. 

South African civil society organisations plan protests to oust Zuma

6th April 2016 Corruption Watch, Treatment Action Campaign (TAC), church organisations and trade unions will on Wednesday map a way forward on plans to remove President Jacob Zuma from office after an impeachment motion by political parties failed in Parliament. The organisations, which included Anglican Church... 

Kenya and France sign €250m pacts

5th April 2016 Kenya and France have signed five pacts that will inject into the Kenyan economy close to €250-million (Ksh29-billion). Kenyan President Uhuru Kenyatta and French President François Hollande witnessed the signing of the deals at the Elysee Palace in Paris on Monday after holding bilateral talks... 

Dlamini-Zumu urges Africa to focus on youth skills at AU economic conference

5th April 2016 The African Union (AU) Conference of African Ministers of Finance, Planning and Integration concludes in Addis Ababa, Ethiopia on Tuesday with Dr Nkosazana Dlamini-Zuma, the Chairperson of the African Union Commission, imploring African countries to improve young people’s skills in science and... 

More than 4m households connected to electricity in 25 years, says Eskom

5th April 2016 At least 4.6-million households have been connected to Eskom’s power grid since 1991, the national power utility said on Tuesday. “Eskom successfully completed 5 620 self-funded electrification connections as well as 1 080 farm dweller connections in the 2014/15 financial year,” Eskom said. 

Durban’s municipal bus service pays its way without being bailed out

5th April 2016 Durban’s municipal bus service paid its way for the first time in several months without the municipality being forced to bail out the operator of the service. According to a statement released by the eThekwini Metro Municipality, city manager Sibusiso Sithole revealed that in March the salaries... 

Call for action against Khulubuse Zuma after he is named in Panama Papers

4th April 2016 Solidarity on Monday called on liquidators of the failed mining company Aurora to investigate Khulubuse Zuma after his name was mentioned in the Panama Papers, an unprecedented leak of 11.5-million files from the database of Mossack Fonseca, a law firm specialising in offshore business. Zuma,... 

Zuma commits to provide extra drought support

4th April 2016 President Jacob Zuma has committed all spheres of government to provide extra support to drought-hit areas, the presidency said on Sunday. Zuma was responding to a series of concerns raised by members of the community in the uThungulu district municipality and surrounding areas during an imbizo... 

CoCT spending over R55m on major traffic arteries

4th April 2016 Transport for Cape Town, the city’s transport authority, is spending about R55.4-million on resurfacing major traffic arteries in Observatory, Woodstock, Paarden Eiland, Newlands, Claremont, and Wynberg. “All in all, the three projects amount to the value of R55.4-million for the resurfacing of... 

Uganda drops Kenyan oil route

1st April 2016 Despite extensive talks on possibly routing an oil pipeline through Kenya, Total Uganda has decided to run the pipeline through Tanzania. “As a company, our position remains that we are going through Tanga. I understand there are issues being discussed but our position remains the same,” The East... 

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