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African News Agency

City of Cape Town to spend R2.1bn on housing

7th June 2018 The City of Cape Town on Thursday said its Transport and Urban Development Authority (TDA) will spend R2.1-billion on the development of new housing opportunities. This comes after the TDA budget for the next financial year, starting on 1 July 2018, was set at R5.34-billion. 

Kimberley's illegal miners to get mining permits

7th June 2018 Hundreds of artisanal and illegal miners in Kimberley in the Northern Cape will on Thursday receive mining permits from the Department of Mineral Resources.  Deputy minister of mineral resources Godfrey Oliphant will hand over two mining permits to artisanal miners, also known as Zama Zamas, in... 

Weak GDP number latest dampener to optimism over Ramaphosa

6th June 2018 The latest official data showing South Africa's economy contracted in the first quarter of this year is the latest dampener to the optimism triggered by President Cyril Ramaphosa's swearing in to replace Jacob Zuma in February. Critics are still giving Ramaphosa leeway to turn around an economy... 

Davies launches R1bn ICT factory in East London

6th June 2018 South Africa has not been able to manufacture enough electronics products but has relied on imported tablets, cell phones and all kinds of electronic equipment, Trade and Industry Minister Dr Rob Davies said on Tuesday. "What we are witnessing today [Tuesday], is a company that is getting into... 

Telecoms company Seacom upgrades subsea cable system

5th June 2018 Pan African telecommunications company Seacom said on Tuesday it had upgraded its key submarine network system from its southern and eastern African coastline landings into Europe at a total capacity of 1.5 terabits per second, adding 500G of new capacity on the system. Seacom said the latest... 

The train has left the station for African countries which did not sign continental free-trade area agreement

1st June 2018 Negotiators of the African Continental Free-Trade Agreement (AfCFTA), the largest trade agreement in 40 years, have said that they will not halt the implementation of the trade deal because of those countries which did not sign the agreement in March. South Africa, Nigeria and nine other... 

Rising attacks on cash-carrying vans pose threat to economy

1st June 2018 A renewed surge in attacks on armoured trucks that transport vast amounts of money between retailers and banks is hurting South Africa's economy, given that the bulk of transactions in the country are still conducted in hard cash, industry officials said this week. Cash-in-transit (CIT) attacks... 

Large-scale migration within Africa boosts continent’s economy – UN

1st June 2018 The UN has urged the world to dispel misconceptions and “harmful narratives” on the issue of large-scale migration within Africa, stating that this migration actually boosts growth and lift’s the continent’s economy. This follows a new report which was launched on Thursday by Mukhisa Kituyi, the... 

Mantashe sees 'solid' mining charter after consultations

1st June 2018 South Africa's mines minister is confident of delivering a "solid" new charter for the industry after holding the last community consultation in KwaZulu-Natal province, his department said late on Thursday. Mineral Resources Minister Gwede Mantashe has been holding meetings around the country... 

Uganda MPs question classified defence expenditure increase

30th May 2018 Ugandan Parliamentarians on the budget committee have expressed mixed feelings over a classified increase in expenditure for the Ugandan People’s Defence Forces (UPDF), querying whether the money may be hidden away and used by the government at a later stage for political activities, to the... 


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