A US lawmaker has tabled legislation that seeks to block Zimbabwe from securing new funding from the International Monetary Fund and the World Bank until it pays the $3.5 billion (R61 billion) it owes to white farmers whose land was confiscated more than two decades ago.
Africa’s largest wireless carrier MTN is in talks with US and European firms to build out data centres on the continent to power artificial intelligence services, said Chief Executive Officer Ralph Mupita in an interview.
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A move by JPMorgan Chase & Co. to diversify its flagship emerging-market index and divert investor flows away from heavyweight debt issuers like China and India could add more juice to South Africa’s bond rally.
Glencore will meet with the South African government this week to seek ways to prevent smelters that make a key stainless-steel ingredient from shedding thousands of jobs as they grapple with surging power prices.
The Limpopo education department has been ordered to pay R50,000 to a teacher they failed to shortlist for a principal position, though she was the best qualified and more experienced than other candidates.