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15 January 2019 5:05 PM By killing the internet, Zimbabwe kills commerce and the lights

When the Zimbabwean government ordered internet service providers to shutter parts of the web in an effort to curb anti-government protests, it also plunged homes into darkness because people can’t pay their utilities online. Most people in the southern African nation use Econet Wireless Zimbabwe's Ecocash mobile-phone payment system for daily transactions 119

10 January 2019 6:43 PM Manuel Chang to remain behind bars until bail application

Former Mozambican finance minister Manual Chang has had his bail application postponed to January 18 by the Kempton Park Magistrate's Court. The postponement was granted to give his defence time to peruse an indictment detailing charges related to crimes that the US alleges he committed and to review the validity of Chang's warrant of arrest pending 93

08 January 2019 12:41 PM Former Mozambique finance minister claims arrest at OR Tambo airport was unlawful

Former Mozambican finance minister Manuel Chang is to remain behind bars after briefly appearing in the Kempton Park Magistrate's Court on Tuesday. Through his lawyers, the 63-year-old argued that his detention was unlawful and that his extradition, if carried out, would also be illegal. Chang was on his way to Dubai when he was arrested on December 35

01 January 2019 8:44 AM From the 2019 elections to the revolution…Politicians wish SA a happy new year

It is standard practise for Happy New Year wishes to contain messages of peace, goodwill and hope for the future. And while South African politicians by no means wished their compatriots ill for the coming year, from across the floor, many of our politicians seemed to break the mould by honing in on two themes as they wished us a happy New Year: the 2019 elections 37

28 December 2018 6:58 PM Saudi 'not in crisis' over Khashoggi affair

Saudi Arabia's new foreign minister voiced defiance on Friday in the face of international outrage over critic Jamal Khashoggi's murder, rejecting the kingdom was in crisis and his predecessor was demoted. "The issue of Jamal Khashoggi... really saddened us, all of us," Ibrahim al-Assaf told AFP, a day after he was appointed foreign minister in a government 106

22 December 2018 1:23 PM Banks stuck with $1.6bn of unsold loans amid market rout

A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt. Banks including Barclays Plc, Goldman Sachs Group Inc. and Bank of America Corp. -- among the top providers of loans for LBOs -- have struggled in recent weeks to sell loans they’ve agreed to make for private 61

21 December 2018 5:45 PM SA investors have unrealistic expectations, global study finds

A global study found that South African investors expect their portfolios to return nearly 13% annually over the next five years – almost 3% higher than the global average and 8.4% higher than their actual returns over the past five years. South Africa shows the third highest difference between expected returns and actual returns (8.4%), trailing only Russia 61

15 December 2018 12:03 PM Moyane 'seized control of SARS as if it was his to have'

Governance at the South African Revenue Service (SARS) was “dismantled” under axed Commissioner Tom Moyane, the Nugent Commission of Inquiry has found. Senior managers were driven out or marginalised and those appointed by Moyane to replace them were compliant to his demands, according to the Commission's final report into SARS, which was handed over to President 37

13 December 2018 3:28 PM Eskom said to mull asset sales as billionaire Motsepe circles

Eskom is considering the sale of smaller assets as the state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts, according to people familiar with the matter. The supplier of almost all South Africa’s power is in advanced talks to sell its home-loans business, with local billionaire Patrice Motsepe’s 38

11 December 2018 8:49 PM Africa's largest fibre company gets $180m cash boost

Liquid Telecom received a $180m (R2.5bn) cash injection from UK development finance institution CDC Group, as Africa’s largest fibre-network operator expands broadband infrastructure across the continent. The investment will give London-based CDC a stake of almost 10% in Liquid, which is majority owned by Mauritius-based Econet Global. The funding will enable 36