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African News Agency

Aspen welcomes DA-initiated price-fixing probe

24th April 2017 Aspen Pharmacare on Monday issued a statement welcoming reports that South Africa’s Competition Commission had agreed to take up a request from the country’s official opposition to investigate alleged anti-competitive conduct by the company. The South African pharmaceutical company said it... 

Nigerian minister asks builders to construct better after spate of collapsing buildings

24th April 2017 Nigeria is concerned after a spate of collapsing buildings, which a government minister blamed on a lack of commitment to quality by some builders. In 2014, some 84 South Africans were killed during one of these collapses, at a church in Lagos run by prominent pastor TB Joshua. The pastor denied... 

More than half a million rand worth of copper recovered in Tshwane

20th April 2017 The newly established anti-cable theft unit arrested 12 suspected cable thieves and recovered several tons of copper valued at more than half a million rand over the Easter weekend, Tshwane Executive Mayor Solly Msimanga said on Thursday. He said the weekend arrests were in addition to 67 other... 

New study ranks South Africa fourth most attractive investment destination in Africa

20th April 2017 South Africa has been ranked as the fourth most attractive economy for investments flowing into Africa. This is according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab published on Wednesday. 

Electricity supply programme of R2.4bn for Ekurhuleni informal settlements

19th April 2017 A R2.4-billion programme for electricity in informal settlements across Ekurhuleni will be completed by the end of this financial year covering 16 000 households, Ekurhuleni executive mayor Mzwandile Masina announced. The legalities on the roll-out of the programme in privately owned informal... 

Nationalisation of banks is not government policy – Treasury

18th April 2017 National Treasury on Tuesday distanced itself from an opinion piece written by Professor Chris Malikane, an economic adviser to the Minister of Finance Malusi Gigaba, saying that the nationalisation of banks is not government policy. This comes after Malikane, an economics professor at the... 

Kouga municipality gears up for possible nuclear development

13th April 2017 Seven work groups are expected to be established to help prepare the Kouga municipal region for the construction of a nuclear plant at Thyspunt should the national power project receive the green light. Kouga executive mayor Elza van Lingen said the work groups will serve as subcommittees of the... 

Water situation in Nelson Mandela Bay a 'crisis'

13th April 2017 Residents of Nelson Mandela Bay can gear up for stringent water restrictions within the next week as the water situation in the city is on the verge of a “crisis”. Executive Mayor Athol Trollip on Wednesday called an emergency media briefing at Port Elizabeth City Hall to address the critical... 

Richards Bay plant to make pearly whites from industrial slag

11th April 2017 It’s hard to avoid references to a phoenix while thinking about a deal being inked on Tuesday that will turn industrial waste into a pearly white pigment … and put hundreds of people to work. A technology partnership between Johannesburg-based Nyanza Light Metals and Avertana of New Zealand will... 

South Africa’s credit rating downgrade will also hit SADC region, says AgriSA

11th April 2017 AgriSA said on Tuesday that the impact of South Africa’s foreign currency credit rating downgrades was likely to be felt outside of the country’s borders and would have an impact in the Southern African region as a whole. South Africa’s foreign currency credit rating was downgraded to junk status... 


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