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 […]
Standard Bank, which has come under fire for continuing to fund new fossil fuel projects on the continent, says it will do proper diligence to ensure that the projects it invests in do not harm society – but it will not let climate groups dictate how the bank is run. Speaking at the banking group’s […]
“I am breathing again,” sighs Kanto Razafimandimby, on her first night out since South Africa reopened its restaurants and casinos as part of a gradual loosening of lockdown, even as the number of coronavirus continues to rise. “It really feels like my freedom is back,” said the 27-year-old dining with three friends at Verdicchio Restaurant […]
The Premier Soccer League is edging closer to a return, the Siya crew being informed that a tentative date for matches to resume has been proposed. It’s almost four months since the 2019/20 season was suspended due to the outbreak of the Coronavirus pandemic and both the PSL and SAFA, the football motherbody in the […]
Coronavirus patients in South Africa who are unable to quarantine themselves can find refuge at this facility in Johannesburg. Patients are referred to the centre by a doctor so they can avoid infecting family members at home. “Patients who are here are patients that, in essence, don’t require much medical intervention except observation that will […]
Steinhoff International Holdings NV is getting close to reaching a potential deal on 10 billion euros (around R188 billion) of legal claims lodged against the global retailer following an accounting scandal that almost wiped out the company, according to two people with knowledge of the matter. South African claimants – including former chairman Christo Wiese, […]
Sho Madjozi has signed to US label, Epic Records, making her the first South African artist to join the esteemed company’s line-up. Sylvia Rhone, Chairperson and CEO of Epic Records, said in a statement: “African artists are enjoying an unprecedented level of visibility in music and Sho Madjozi is beautifully waving the flag for South […]
The North West Department of Arts, Culture and Sport together with various stakeholders held an urgent meeting on Friday morning to finalise a proposal for Sun City and Royal Bafokeng Sports to host the remaining 2019/20 Premier Soccer League (PSL) season matches. In an official letter seen by Sport24, the North West provincial government requested […]
The International Monetary Fund’s discussions with South Africa over a $4.2 billion loan to support its fight against the coronavirus pandemic are taking place at a “measured pace” because the country’s deep and liquid capital markets ensure it still has access to financing, according to the director of the Washington-based lender’s Africa department. “The key […]
Four suspects have been arrested for allegedly smuggling illicit cigarettes worth over R1m into SA, police said on Tuesday. Police spokesperson Brig Motlafela Mojapelo said the K9 unit, soldiers and custom officials arrested the suspects during an operation on the N1 between Beitbridge and Musina. A vehicle with two occupants was stopped and when the […]
The reported number of Covid-19 cases in KwaZulu-Natal schools increased last week to 187, of which 139 are teachers and 37 are pupils. A week earlier, there was a total of 74 cases in KZN schools. KwaZulu-Natal premier Sihle Zikalala said Umgungundlovu district led in terms of the number of infected teachers. Thirty-six teachers tested […]
Fitch Ratings and Moody’s Investor Services warned on Friday that the country risked going over a fiscal cliff following Finance Minister Tito Mboweni’s Supplementary Budget last week, which left both rating agencies unimpressed. Fitch said the government’s intention to stabilise debt levels within four years was unlikely to be achieved. Fitch’s head of Middle East […]
Transport Minister Fikile Mbalula says it is unfortunate and regrettable that taxi operators have decided to violate Covid-19 lockdown regulations, after they announced that they will fill their taxis to 100% capacity and up inter-provincial travelling as of Monday. The South African National Taxi Council (Santaco) and the National Taxi Alliance (NTA) made the announcement […]
Despite things not working out in terms of game time, former Orlando Pirates goalkeeper Brighton Mhlongo has opened up on life at Bidvest Wits. Mhlongo joined the Clever Boys in 2018, after a year in Port Elizabeth, where he plied his trade with Chippa United, who he joined from Pirates. Being the oldest in the […]
Kaizer Chiefs have paid tribute to one of their former striker who sadly passed away. Democratic Republic of Congo striker Emeka Mamale passed away this week at the age of 42 of an undisclosed illness. Mamale plied his trade for Free State Stars (then known as QwaQwa Stars and Kaizer Chiefs among other clubs during […]
The Mhlathuze Water board has urged residents to use water sparingly as dam levels in KwaZulu-Natal drop. In a statement on Friday the board, which supplies water to a large region stretching from the uThukela River in the south, along the east coast to the Mozambique and Swaziland borders, around Vryheid and back to the […]
The South African government target to stabilise its ballooning debt by 2023 will be very difficult to achieve and unlikely, ratings agency Moody’s said on Thursday. The Treasury on Wednesday presented a supplementary budget in response to the coronavirus crisis that projected a wider budget deficit, while public debt was estimated to be more than […]
South African government supports restructuring proposals for SAA that include job cuts as well as the introduction of equity partners in the long troubled airline. In a statement released on Friday, Cabinet said it was in support of “… the concerted effort to mobilise funding from various sources”, including the introduction of potential equity partners. […]
Kenya has attracted Venture Capital deals worth Sh74.3 billion in the past five years, second highest in Africa after South Africa, the latest continental private equity report shows. The inaugural report on venture capital, entitled Venture Capital in Africa: ‘Mapping Africa’s Start-up Investment Landscape’ released by African Private Equity and Venture Capital Association (AVCA) yesterday […]