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South Africa suspends some meat imports from Brazil

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South Africa has suspended some meat imports from Brazil citing a scandal in the South American country’s meat processing industry, the Department of Agriculture, Forestry and Fisheries said on Wednesday. Police in Brazil has launched raids to investigate alleged bribes paid to conceal unsanitary conditions in Brazil’s meatpacking facilities. China and Canada also suspended some meat imports from Brazil on ...

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Zimbabwe: Govt, Firm Ink U.S.$7 Million Power Plant Deal

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Government has sealed a $7 million agreement for the contractor at Tokwe-Mukosi Dam to start civil works on the planned mini-hydro power plant that will generate electricity at the recently completed dam. The agreement signed between Government and the Italian contractor Salini Impregilo will see the firm carrying out excavation works on the powerhouse, where the hydro-power plant will be ...

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S.A’s Eskom signs R6bn deal with France’s AFD

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Eskom and AFD today signed a R 6 billion (€400 million) multi-tranche framework agreement to support Eskom investments in the extension and reinforcement of its power transmission grid. Eskom’s Chief Financial Officer Anoj Singh said: “This multi-tranche loan facility will contribute towards Eskom plans to strengthen and refurbish the transmission infrastructure while diversifying our funding structures.” AFD’s funding will focus ...

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S.A:Allan Gray may call Net1 shareholder meeting over Sassa handling

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Investment company Allan Gray said on Friday its 16 percent stake in Net1 allowed it to call a shareholders’ meeting over the company’s handling of the South African welfare contract, local media reported. “Sixteen percent allows us to call a shareholders’ meeting,” Allan Gray Chief Operating Officer Rob Dower told Talk Radio 702. Chief investment officer Andrew Lapping was quoted ...

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S.A taxi drivers call for higher consumer prices

On 10 March, the metered taxi drivers took to the streets of Johannesburg and severely impacted traffic to and from O R Tambo International Airport. They were protesting the ride-hailing app Uber which they say is ‘stealing their jobs’. They state they had exhausted all avenues in government as their appeals for the government to use force, failed; it was, therefore, ...

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Botswana’s Choppies to spend $55 million on expansion plan

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Botswana budget retailer Choppies Enterprises plans to spend 570 million pula ($55 million) to open more stores in Africa in the next 15 months, its chief executive said on Tuesday. Choppies, a no-frills retailer which has 202 stores in towns often too small to attract larger competitors such as South Africa’s Shoprite, reported a 47 percent drop in half-year profit ...

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Zimbabwe to produce more tobacco to ease dollar crunch

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Zimbabwe is likely to produce 205 million kgs of tobacco this year, slightly more than 2016, with sales of its main export likely to improve dollar supplies in the cash-strapped economy, an industry official said on Wednesday. Marking the start of annual tobacco auctions in Harare, Tobacco Industry and Marketing Board spokesman Isheunesu Moyo said output would climb from 202 ...

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Op-Ed: S.A’s telecoms policy will stunt economic growth and stagnate technological development

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Who benefits from South Africa’s proposed ICT Policy? Is it “radical economic transformation” or something that will benefit “white Capital”? The introduction to the National Integrated ICT Policy White Paper refers to The National Development Plan: 2030: “By 2030, ICT will underpin the development of a dynamic and connected information society and a vibrant knowledge economy that is more inclusive ...

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Zimbabwe wants to continue importing power from South Africa

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Zimbabwe is negotiating a new deal to continue importing power from South African utility Eskom to make up for shortfalls in generating capacity at its Kariba hydropower station, the energy minister said on Monday. In January last year, Eskom agreed a one-year deal to sell up to 300 megawatts of capacity to Zimbabwe, which was facing biting shortages of electricity ...

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Zimbabwe finmin revises 2017 economic growth forecast to 3.7 pct: state newspaper

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Zimbabwe’s economy is now expected to grow 3.7 percent this year, from an initial projection of 1.7 percent, the finance minister was quoted as saying by the state-owned Herald newspaper on Friday. The southern African nation’s economy stagnated last year following a devastating drought while its budget deficit exploded as President Robert Mugabe’s administration struggled to pay its workers, which ...

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Ghana Business News