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1-10 results from 1000 for query «oil»

16 October 2018 12:00 PM E Guinea strongman hands out top military posts to family

Equatorial Guinea's president Teodoro Obiang Nguema, who has ruled the small, oil-rich state with an iron fist since 1979, has appointed several members of his family to top military positions. His graft-tainted son Teodorin Nguema Obiang, who is already vice-president, was appointed major general in the army to mark the country's 50th anniversary of independence 21

12 October 2018 1:29 PM UN urges action on marking disputed Sudan-South Sudan border

The Security Council has voted unanimously to extend the UN peacekeeping force in the disputed Abyei region on the Sudan-South Sudan border for the last time unless both countries demonstrate "measurable progress" on marking their border. A resolution adopted by the UN's most powerful body on Thursday sets out seven specific measures that Sudan and South 25

10 October 2018 5:35 PM 16 government departments are financially vulnerable

Sixteen of government's departments are in a financially vulnerable position, the Auditor General has warned. The financial health of government departments and some state-owned enterprises came under the spotlight at a briefing on Wednesday to the Standing Committee on Public Accounts and Appropriations. The Auditor General (AG) of South Africa informed 31

07 October 2018 7:15 PM Oil spill feared after ships collide near Corsica

French maritime authorities are trying to contain an apparent oil spill after two merchant ships collided in the Mediterranean Sea north of Corsica. A spokesperson for the regional French maritime authority said no one was injured in Sunday's collision, and the size and exact nature of the spill remain unclear. Two French ships were sent to the area and specialists 28

07 October 2018 4:52 PM Nigeria ex-VP Abubakar wins primary to challenge for presidency

Former vice presidentAtiku Abubakar will challenge incumbent Muhammadu Buhari for the Nigerian presidency early next year after winning the opposition Democratic Peoples Party primary, an AFP reporter at the vote said on Sunday. Abubakar, 71, won 1 532 votes, trouncing his main rival Aminu Tambuwal, the governor of northern Sokoto state who scored 693 votes 37

03 October 2018 12:58 PM World Bank cuts SA's economic growth forecast

The World Bank has cut its estimate for South African GDP expansion to 1% this year from 1.4%, it sees growth in 2019 remaining subdued as high unemployment constrains domestic demand. Overall for the sub-Saharan Africa region the World Bank reduced its forecast for economic growth as the external environment becomes less favorable amid mounting global 50

30 September 2018 5:30 PM Davies in Saudi Arabia to discuss R133bn investment

Minister of Trade and Industry Rob Davies is in Saudi Arabia to follow up on the Kingdom's pledge to invest $10bn (about R133bn) in South Africa. Saudi Arabia committed to invest $10bn in the country in July, giving President Cyril Ramaphosa's ambitious plan to attract $100bn to kick start the limping economy a major boost. The $10bn is expected to be invested 81

23 September 2018 6:43 AM Gabon hails 'brave' ICC decision not to probe violence claims

Gabon on Saturday hailed as "brave" a decision by the International Criminal Court not to open a formal probe into claims of violence after a disputed presidential poll in a country ruled by the same family for nearly 50 years. The re-election of President Ali Bongo in August 2016 by just a few thousand votes led opposition leader Jean Ping to accuse 33

15 September 2018 4:45 AM VIEW: Africa's 10 wealthiest cities

Four South African cities feature on the top 10 wealthiest list in Africa, according to the Africa 2018 Wealth Report - Johannesburg, Durban, Cape Town and Pretoria. The report unpacks wealth trends in Africa over the past 10 years. It defines "wealth" as the net assets of a person in US dollar terms - including property, cash, equities and business 58

14 September 2018 9:00 AM SEE: Here are the cheapest fuel prices in the world, take a look how SA fares

"Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa's history by some margin," reports the Automobile Association. Based on the AA current data, petrol users could expect to pay R1.12 more per litre, well more than R17-litre. As South African motorists brace for record fuel price increases 23