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Ramaphosa says South Africa to recover from recession soon

South African President Cyril Ramaphosa speaks during the during 2018 Beijing Summit Of The Forum On China-Africa Cooperation - Joint Press Conference at the Great Hall of the People at The Great Hall Of The People on September 4, 2018 in Beijing, China. PHOTO BY REUTERS/Lintao Zhang
South African President Cyril Ramaphosa speaks during the during 2018 Beijing Summit Of The Forum On China-Africa Cooperation - Joint Press Conference at the Great Hall of the People at The Great Hall Of The People on September 4, 2018 in Beijing, China. PHOTO BY REUTERS/Lintao Zhang
By Alexander Winning and Mfuneko Toyana
06/09/2018

JOHANNESBURG/PRETORIA (Reuters) - South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation.

White unionised workers protest at Sasol plant over black share scheme

Electricity pylons are seen near cooling towers of South African petrochemical company Sasol's synthetic fuel plant in Secunda, north of Johannesburg, South Africa, May 20, 2018. PHOTO BY REUTERS/Siphiwe Sibeko
Electricity pylons are seen near cooling towers of South African petrochemical company Sasol's synthetic fuel plant in Secunda, north of Johannesburg, South Africa, May 20, 2018. PHOTO BY REUTERS/Siphiwe Sibeko
By Siphiwe Sibeko
05/09/2018

SASOLBURG, South Africa (Reuters) - About a hundred workers from South Africa's mainly white Solidarity union staged a brief protest outside Sasol's chemicals plant in Sasolburg on Wednesday over a share scheme offered exclusively to black staff.

Ship docks, road upgrade planned as Eritrea, Ethiopia ties strengthen

A man carries a table as he walks past the ruins of a building in the port city of Massawa, Eritrea, July 22, 2018. PHOTO BY REUTERS/Tiksa Negeri
A man carries a table as he walks past the ruins of a building in the port city of Massawa, Eritrea, July 22, 2018. PHOTO BY REUTERS/Tiksa Negeri
By Aaron Maasho
05/09/2018

ADDIS ABABA (Reuters) - An Ethiopian ship docked in an Eritrean port for the first time in two decades on Wednesday and Eritrea announced plans to upgrade a road to its neighbor, local media said, in further signs of strengthening ties between the former foes.

Ethiopian commercial ship docks in Eritrea for first time in 20 years - broadcaster

A crane unloads containers from a ship at the port city of Massawa, Eritrea, July 22, 2018. PHOTO BY REUTERS/Tiksa Negeri
A crane unloads containers from a ship at the port city of Massawa, Eritrea, July 22, 2018. PHOTO BY REUTERS/Tiksa Negeri
05/09/2018

NAIROBI (Reuters) - An Ethiopian commercial ship docked in an Eritrean port for the first time in two decades on Wednesday, state-affiliated media said, in a concrete sign of a stunning rapprochement between the neighbours and former foes.

Moody's says Mozambique's private creditors face substantial losses

A fisherman cleans his boat beneath Maputo's skyline, August 15, 2015. PHOTO BY REUTERS/Grant Lee Neuenburg
A fisherman cleans his boat beneath Maputo's skyline, August 15, 2015. PHOTO BY REUTERS/Grant Lee Neuenburg
04/09/2018

MAPUTO (Reuters) - Mozambique's private creditors face substantial losses from the government defaulting on its debt, ratings agency Moody's said in a report published on Tuesday.

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