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Updated 47 minutes ago South Africa has lost R700-billion to corruption over the last 20 years, the Institute of Internal Auditors said on Wednesday. "The cost of corruption in the last 20 years... we have lost R700-billion," CEO Claudelle von Eck said at the launch of the...
Updated 1 hour 14 minutes ago Yinson Holdings, Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54-billion floating production, storage and offloading (FPSO) vessel charter contract for oil and gas support operations in Ghana. Yinson said it won the contract, for a firm...
Updated 1 hour 27 minutes ago Power utility Eskom would again be implementing stage one load shedding between 10:00 and 22:00 on Wednesday, to enable it to manage dam levels at its pumped storage schemes. “At our pumped storage schemes, our dam levels are low because we were not able to pump the...
Updated 1 hour 55 minutes ago The rand remained on the back foot against the dollar on Wednesday after weakening to 1-week lows overnight, as investors fretted about the impact of South Africa's electricity shortage on economic growth. At 0636 GMT, the rand traded at 11.5800 per dollar, within a...
Updated 2 hours 17 minutes ago General Electric Co (GE) will build a 1 200 MW thermal power plant in Ghana to come onstream in the next five years in a bid to address the West African country's power deficit, CE Jeff Immelt said on Tuesday. The US company will also provide emergency power systems...
Updated 2 hours 29 minutes ago A surge in foreign debt issuance by African nations has left some fragile economies exposed to the risk of-billions of dollars in foreign exchange related losses if the US currency strengthens abruptly, a think-tank said on Wednesday. Judith Tyson, senior researcher...
 
 
 
 
 
 
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