(Bloomberg) — South Africa’s Eskom Holdings SOC Ltd. is not very good at keeping the lights on, but it’s providing excellent profits for bondholders. Eskom’s dollar bonds due 2028 — …
AfricaAFRICA NEWSSouth AfricaSouthern Africa
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Southern Africa
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Ener-G-Africa’s new Cape Town solar panel plant commissioned
by Editorby EditorEner-G-Africa (EGA), a multi-faceted African company tackling the challenges of climate change through research, development and the manufacturing of clean energy products, officially launched its new 15 MW per annum …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Tough times ahead as South Africans face financial crises
by Editorby EditorMany South Africans are facing the prospect of a tough 2023. Inflation is the highest it has ever been, and the repo rate has steadily risen, with more increases expected …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
SA in talks on new nuclear-fuel deal with Westinghouse
by Editorby EditorSouth Africa is in talks with the US about renewing a nuclear-cooperation agreement that lapsed in December and resulted in the suspension of a license for supplies of the fuel …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Nambitha Ben-Mazwi on bagging a role on CBS and Showtime’s ‘King Shaka’
by Editorby EditorNambitha Ben-Mazwi has joined Showtime and CBS studios’ series King Shaka which is now in production. The actress flies the SA flag high alongside Thando Dlomo, Thapelo Mokoena and Warren …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Russia rekindles old friendship with South Africa, its ally against apartheid
by Editorby EditorThis is something Russian foreign minister Sergey Lavrov will have been at pains to remind his opposite number, Naledi Pandor, at their meeting in the capital, Pretoria, on January 23, …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa: Globeleq completes $71 million restructuring of Soutpan solar plant financing
by Editorby EditorGlobeleq, the leading independent power company in Africa, has completed a $71 million (ZAR1.2 billion) senior debt restructuring of its 31 MW Soutpan Solar Power (Pty) Ltd (“Soutpan”) plant in …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa’s Mr Price Q3 sales jump on Studio 88 acquisition
by Editorby EditorSouth African budget fashion retailer Mr Price MRPJ.J reported on Friday a 34% surge in third-quarter sales, boosted mostly by its recent acquisition of branded footwear and clothing company Studio …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Fleeing foreign investors worsen South Africa’s deficit problem
by Editorby EditorA current-account balance that’s swinging into deficit is adding pressure on South Africa to stem a foreign-investor flight from the government bond market. While non-residents have offloaded government bonds worth …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa’s SPAR admits to irregular loan allegations
by Editorby EditorSouth Africa’s SPAR Group (SPPJ.J) said on Thursday it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. …