Johannesburg, South Africa | AFP | South Africa’s new Finance Minister Malusi Gigaba Saturday pledged to implement the policies of the ruling ANC as the party remains deeply divided over the sudden firing of his predecessor. Gigaba on Thursday replaced Pravin Gordhan, ousted in a shock midnight cabinet reshuffle by …
Read More »South Africa cabinet bloodbath exposes ANC generational divide
Johannesburg, South Africa | AFP | South African President Jacob Zuma’s sweeping cabinet overhaul exposes deep divisions between the ANC’s apartheid-struggle old guard and a new generation often accused of not living up to expectations. Malusi Gigaba, 45, who replaced Pravin Gordhan, 67, as finance minister is a fervent …
Read More »Gordhan: S.Africa’s popular former finance minister
Johannesburg, South Africa | AFP | Pravin Gordhan, who was sacked late Thursday, is liked and admired by many ordinary South Africans — an unusual achievement for any finance minister. He held onto the purse strings for longer than many analysts expected after he was parachuted into the job in …
Read More »South Africa: Zuma’s five biggest career scandals
Johannesburg, South Africa | AFP | South African President Jacob Zuma has come under fire from both his own party and the opposition over a cabinet reshuffle in which he fired his internationally respected finance minister. Zuma is no stranger to scandal. Here are five of his biggest career controversies: – …
Read More »Potential successors of South Africa’s Zuma
Johannesburg, South Africa | AFP | The backlash against South African President Jacob Zuma’s shock reshuffle has intensified pressure on him to resign ahead of the 2019 general election. Here are four of his possible successors: – The negotiator – Cyril Ramaphosa, a 64-year-old veteran with strong anti-apartheid struggle credentials, …
Read More »Rattled by ‘fake news’, Nordic press dumps April Fools
Stockholm, Sweden | AFP | Swedish and Norwegian newspapers on Friday said they would refrain from the tradition of publishing April Fools’ Day jokes this year over fears that it might spread “fake news”. Magnus Karlsson, editor-in-chief at the daily Smalandsposten said on its website that he doesn’t want the newspaper’s …
Read More »PetroChina profit plunges 78% to record low
Shanghai, China | AFP | State-owned Chinese energy giant PetroChina on Thursday announced it slumped to a record-low profit for 2016 as global oil price weakness slashed earnings by 78 percent. Net profit fell to 7.86 billion yuan ($1.1 billion), the Beijing-based company said in a statement to the Hong Kong …
Read More »MTN pays $98 million, part of fine for failing to disconnect unregistered SIMs
MTN pays $98 million part of Nigerian fine: officials Lagos, Nigeria | AFP | South African telecoms giant MTN has paid nearly $100 million of a $1.7 billion fine for failing to disconnect unregistered SIM cards in Nigeria, officials said on Friday. “MTN has paid 30 billion naira ($98 million, 92 …
Read More »Ethiopia state of emergency extended by four months
Addis Ababa, Ethiopia | AFP | Ethiopia’s parliament on Thursday approved a four month extension of a state of emergency that was first imposed in October to quell nearly a year of anti-government protests. “The House unanimously voted to extend the state of emergency,” said a report carried by state …
Read More »Global depression numbers surge in past decade
Geneva, Switzerland | AFP | Cases of depression have ballooned almost 20 percent in a decade, making the debilitating disorder linked to suicide the leading cause of disability worldwide, the World Health Organization said Thursday. By 2015, the number of people globally living with depression, according to a revised definition, …
Read More »