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Monday, 18th March 2019
5:28:11pm

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South Africa's rand weakens on continued rolling power cuts

South Africa’s rand weakened slightly early on Monday as continued rolling power cuts from the state-owned power utility weighed on market sentiment ahead of local and international economic data due later in the week.

At 0628 GMT, the rand traded at 14.4375 versus the dollar, 0.33 percent weaker than its New York close on Friday. 

Eskom said it…

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Congo ex-leader Kabila's coalition wins decisive senate majority

Former Democratic Republic of Congo President Joseph Kabila’s coalition won a clear majority in senate elections on Friday, officials said, further undermining his successor Felix Tshisekedi’s ability to govern independently.

Opposition leader Tshisekedi won a surprise victory in the presidential election on Dec. 30 over Kabila’s hand-picked…

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South Africa's Eskom ups power cuts as storm hits Mozambique imports

South African state utility Eskom stepped up rolling blackouts on Saturday as it lost 900 megawatts of electricity imports from neighbouring Mozambique, which was hit this week by a cyclone.

Eskom, which generates nearly all of the power for Africa’s most industrialised economy, said that it had cut 4,000 megawatts, double the 2,000 MW it had said…

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Cyclone Idai batters Zimbabwe, at least 31 people dead

 

 

At least 31 people have died in eastern Zimbabwe while dozens were missing as homes and bridges were swept away by a tropical storm, state television reported on Saturday.

Cyclone Idai, which brought floodwater and destruction to areas of Mozambique and Malawi, hit Zimbabwe on Friday, cutting off power and communications.

Pictures shared on…

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Congo president pardons about 700 political prisoners

Congo's new President Felix Tshisekedi on Wednesday pardoned about 700 political prisoners who were jailed under his predecessor.

Tshisekedi signed the decree, fulfilling a promise he made earlier this month to do so during his first 100 days in office.

Among those set for release is Firmin Yangambi, who was sentenced in 2009 to 20 years in prison…

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