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Tag Archives: SOUTH AFRICA

South Africa revokes decision to leave ICC

Johannesburg, South Africa | AFP | South Africa has formally revoked its controversial decision to leave the International Criminal Court (ICC) following last month’s High Court ruling that such a move would be unconstitutional. Notice of Pretoria’s decision to end the withdrawal process was posted on the UN’s treaty website this …

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MPs attacked again in South Africa

  MIDRAND, SOUTH AFRICA: An armed attack Sunday night on Pan African Parliament (PAP) legislators in Midrand, South Africa, has threatened to derail deliberations, with members asking the PAP President Roger Nkodo to put aside the order of business of the day and address the security concerns. The thugs trailed …

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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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