Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
“Idols SA” decide Unathi Nkayi has put to mattress guidelines there can also be some pork brewing between her and DJ Zinhle, telling a follower to quit “lying”. This comes after an Instagram user commented on one of Unathi’s posts about guest choose Buhle Mda’s interaction with fellow judge Somizi. The follower accused Unathi of […]
MTN has announced the appointment of Ralph Mupita as the new CEO of MTN group replacing Rob Shutter who will be stepping down at the end of August Mupita the chief financial officer will start his duties in September 2020 the company announced on Wednesday. The current group president and CEO, Rob shutter will step […]
South Africa lifted its ban on alcohol and cigarette sales on Tuesday as the country eased coronavirus measures to level two. Cigarette, tobacco and alcohol sales were prohibited to prevent people from sharing cigarettes and to reduce the burden on hospitals to deal with alcohol-related injuries. South Africa is the continent’s worst affected country by […]
South Africa’s Rand Merchant Bank, the funding banking arm of FirstRand Ltd., has been appointed as an adviser to assist the government examine offers for stakes in its insolvent countrywide airline, according to two humans acquainted with the situation. The state is looking to elevate greater than 10 billion rand ($575 million) that South African Airwaysadministrators […]
SAMA winner Bongo Riot on keeping financial afloat throughout this Covid-19 lockdown. This 12 months has been tremendous so a ways for reggae and dancehall musician, Bongo Riot, who has a lot to have fun no rely the challenges posed by the use of the Covid-19 pandemic. Bongo Riot, whose real title is Mphikheli Zungu, […]
Tongaat Hulett’s share fee leapt more than 13percent on the JSE on Friday morning after the agriculture and agri-processing commercial enterprise narrowed its losses by using 79percent for the 12 months to cease March, benefiting from its turnaround method applied closing year. The share charge climbed to a one-month intra-day high to R5.67 a share, […]
Absa opened weaker on the JSE on Thursday after the bank flagged that its profits would probably take a massive hit in the six months to quit June. Absa said its revenue have been expected to decline between ninety two percent and 97 percentage with headline salary per share and profits per share tumbling compared […]
South Africa stated 286 new coronavirus deaths late Friday, taking the variety of fatalities to 11,556, according to that country’s fitness officials. It registered 6,275 new COVID-19 cases, bringing that tally to 579,140. Health care gurus conducted extra than 3.3 million exams and 461,734 sufferers have recovered in the most-affected usa on the continent. The […]
The start of the African Continental Free Trade Area (AfCFTA) was postponed due to the coronavirus. Experts agree with that the pandemic ought to assist give the bold free alternate undertaking a boost. Measured via the range of countries, the African Continental Free Trade Area (AfCFTA), is to grow to be the greatest free-trade zone […]
South Africa woke up to information of greater load shedding yesterday, with analysts warning a resurgence of power supply interruptions ought to derail South Africa’s monetary recuperation and stifle investments post Covid-19. Eskom started imposing Stage 2 load shedding for 14 hours due to the prolong to return to service of two generation devices at […]
Nearly 2,000 humans have been evicted from a housing improvement in Johannesburg. According to neighborhood media, the occupants of the housing improvement were evicted by using the so called Red Ants on Wednesday The Red Ants are a non-public protection organisation in South Africa specialising in clearing “illegal invaders” from properties. They had no longer […]
The number of established coronavirus cases in South Africa surpassed 568,900 Wednesday after 2,810 new infections had been reported. Some 259 human beings succumbed to COVID-19 in the past 24 hours, bringing the complete number of fatalities to 11,010, while the wide variety of recoveries stands at 432,029, according to the Health Ministry. South […]
Exxaro Resources Ltd said on Tuesday first-half internet income was once likely to fall through as tons as 34% due to one-off gadgets although it expected greater coal exports and a favourable change price to improve core earnings. Exxaro said headline earnings per share, the most important income measure for businesses in South Africa, for […]
Despite registering just one shot on goal all night, Mamelodi Sundowns head coach Pitso Mosimane was not disenchanted to come away with a point towards a team like Orlando Pirates. The defending champions resumed Absa Premiership things with a goalless draw towards the Soweto giants at Dobsonville Stadium on Tuesday night. Sundowns now discover themselves […]
Former Kaizer Chiefs and Chippa United striker Lucky Khune has defined the challenges he faced in the course of his time with the Soweto giants. When Khune joined Amakhosi in 2009/10 season, a lot used to be predicted from him mainly being the younger brother of goalkeeper, Itumeleng who was once already making waves in […]
The National Union of Metalworkers of South Africa vowed to battle an utility with the aid of employers in the petroleum enterprise to have employees declared as essential services, announcing it would inhibit their capability to strike. According to the Labour Relations Act, an integral carrier is work whose interruption would endanger the fitness and […]
South African investigators are seeking to recover more than R400 million from German software program firm SAP for two government contracts they allege have been entered into unlawfully, court docket documents considered through Reuters show. Although the quantity of cash sought is small for a organisation with a market fee of round 162 billion euros, […]
