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Tag Archives: SOUTH AFRICA

Telecom giant MTN posts first ever loss

Johannesburg, South Africa | AFP |  South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 — the company’s first — after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging …

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Africa retail giants Steinhoff, Shoprite shelve merger

Johannesburg, South Africa | AFP |  South African retail firms Steinhoff International and Shoprite Holdings announced Monday they had scrapped plans to merge their local assets to form the continent’s biggest retailer. The plan announced in December 2016 was geared to create a discount retailer worth over $14 billion to …

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Army-worms leave destruction in South Africa

On a South African farm, despair over  attack Onderstepoort, South Africa | AFP | Peeling back the maize plant’s leaves reveals a small brown caterpillar — an armyworm that writhes as it burrows into the heart of the crop, producing a sticky dark paste. Eighty percent of the Prinsloo family’s …

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Fistfight in South African parliament as guards eject MPs

Cape Town, South Africa | AFP | A brawl broke out in South Africa’s parliament Thursday as guards exchanged punches with opposition lawmakers who shouted down President Jacob Zuma as he tried to deliver his state of the nation address. In chaotic scenes, guards in white shirts forcibly ejected about …

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Sundowns reward Africa’s best Onyango with new deal

ONYANGO: After a historic year in which he led his South African club to African glory and national team Uganda Cranes to a first Nations Cup finals since 1978, Mamelodi Sundowns have confirmed another long-term contract for their 31-year-old goalkeeper Denis Onyango. “Sundowns have also tied down goalkeeper Denis Onyango, who signed a four year …

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South Africa and EU spar over chicken meat ‘dumping’

Johannesburg, South Africa | AFP | South Africa’s poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade. Workers, former workers and company managers from the South African poultry …

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