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African News Agency

Telecom Egypt bags $200m financing facility to buy undersea Internet cable

23rd May 2018 The African Export-Import Bank (Afreximbank) said on Wednesday that it will commit up to $200-million to Telecom Egypt (TE) in a bid to enable the telecommunication company finance working capital and investments in its infrastructure. The agreement for the short-term dual tranche facility would... 

Municipalities, State-owned companies must release unused land for urban poor – Ramaphosa

23rd May 2018 Municipalities and State-owned companies must expropriate and release unused land for housing the country's urban, landless poor, South African President Cyril Ramaphosa said on Wednesday. "Municipalities and State-owned enterprises need to release unused land and service sites for housing so... 

SA's annual consumer inflation accelerates to 4.5 percent in April

23rd May 2018 South Africa's consumer price inflation bounced up 4.5 percent year-on-year in April from a multi-year low of 3.8 percent in March, the statistics agency said on Wednesday. The consumer price index increased by 0.8 percent on a month-on-month basis in April, Statistics South Africa said. 

Feasibility study on moving Parliament to Pretoria to start this month – Speaker

22nd May 2018 Parliament has appointed a service provider to conduct a feasibility study on moving the national legislature to Pretoria, Speaker Baleka Mbete told members of Parliament (MPs) on Tuesday. "With respect to the proposal of relocating parliament from Cape Town to Pretoria, an external service... 

UJ home to new SARChI Chair in Built Environment

21st May 2018 The University of Johannesburg (UJ) on Monday announced that it has received a new research chair following the announcement of the latest round of awards by the National Research Foundation in its South African Research Chairs Initiative (SARChI) programme. The Faculty of Engineering and the... 

Texton says concludes deal on acquisition of a portfolio of logistics properties

21st May 2018 Property investment fund Texton said on Monday it had concluded agreements with Equites Property Fund and various wholly-owned subsidiaries for the acquisition of a portfolio of logistics properties for an aggregate purchase consideration of R205.3-million. Texton said the acquisition was... 

South African CEO selected to Obama Africa leadership programme

21st May 2018 Former US President Barack Obama's foundation has elected the chief executive of Johannesburg digital innovation hub, Tshimologong Precinct as a member of the inaugural class of its Africa leadership programme. Tshimologong Precinct said Lesley Williams, was appointed as part of the Obama... 

Volvo Group Southern Africa to invest millions in youth empowerment

21st May 2018 Volvo Group Southern Africa said it was planning to invest more than R20-million on apprenticeship training, automotive industry learnerships, disabled person learnerships, as well as internships in 2018. President of Volvo Group Southern Africa, Torbjörn Christensson, said that since 2015, the... 

Denel's rescue plan must be fast-tracked – Minister

18th May 2018 A rescue plan for South Africa's state-owned arms manufacturer Denel needed to be sped up so it did not negatively affect the capability of the army, Defence Minister Nosiviwe Mapisa-Nqakula said on Friday. Speaking after delivering her department's budget vote, Mapisa-Nqakula said the... 

Eskom evacuates contractor workers after protest at Kusile

18th May 2018 South African power utility Eskom on Friday, said it had to evacuate contractor workers at the Kusile power station, in Mpumalanga, after a violent protest erupted by employees of SGB, a subcontractor of Mitsubishi Hitachi Power Systems Africa. Mitsubishi Hitachi is appointed by Eskom to design,... 

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