Tag: South Africa
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Top 10 African Countries Receiving Remittances: A Lifeline for Economies
Remittances, money sent back home by migrants living abroad, are a crucial financial lifeline for many African countries. These funds contribute significantly to household incomes, support families, and boost local economies. Here’s a look at the top 10 African nations receiving remittances from their diasporas: 1. Egypt: Topping the list, Egypt benefits tremendously from its…
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Church of SA power firm’s boss ‘has $105,000 electricity debt’
A church that South African power firm boss Mpho Makwana attends has an electricity bill of nearly $105,000. The church that South African power boss Mpho Makwana attends has a pending electricity bill of 2 million South African rand ($104,920). Reports by South African media suggested that the International Pentecostal Holiness Church (IPHC), which is…
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Namibia oil discovery outlook
🇳🇦🛢 Namibia and South Africa are two of the world’s most unequal societies in terms of income and wealth distribution, with Gini index scores of 59.1 and 63, respectively. Together with Zambia, they are three members of the Southern Africa Development Community (SADC) among the four most unequal countries globally. ▪️The recent oil discovery in…
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Petronas sells South African petroleum and chemicals business to Vitol arm
🇲🇾🇿🇦 Malaysia’s national oil and gas company Petronas has reached agreement to sell its entire 74% majority stake in South Africa’s Engen to Vivo Energy, one of the largest African fuel retail operators and part of multinational energy company Vitol. Engen’s primary business is in the marketing of petroleum, lubricants and functional fluids; chemicals and…
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South African pension fund attack admitted by LockBit
South Africa’s Government Employees Pension Fund, which is the largest fund of its kind in Africa, was claimed to have been compromised by the LockBit ransomware operation in an intrusion last month that resulted in operational and pension payment disruptions, according to The Record, a news site by cybersecurity site Recorded Future. Advertisement Such claims…
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Zuma’s bid to remove arms deal prosecutor dismissed
🇿🇦 A court in South Africa has dismissed former President Jacob Zuma’s bid to remove a prosecutor in a corruption case against him. Zuma’s legal team has accused state prosecutor Billy Downer of bias in the arms deal graft case. The former president failed to prove how Downer’s continued presence as his prosecutor would violate…
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🇪🇬🇿🇦 Three Coptic Egyptian monks killed in South Africa
Three Coptic Egyptian monks were killed in a “criminal assault” inside a Coptic monastery in South Africa, the Christian Coptic Orthodox Church of Egypt said. “Three monks were subjected to a criminal assault inside our Coptic monastery,” the spokesman of the Coptic Orthodox Church said. One of the three monks killed was a representative of…
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TotalEnergies and Qatar Expand Namibia Oil Exploration Into South Africa
TotalEnergies and QatarEnergy are expanding their efforts to explore for oil and gas in the Orange Basin offshore Namibia by acquiring a nearby license in the basin in South African waters. TotalEnergies and its partner QatarEnergy have signed an agreement to buy participating interests in Block 3B/4B offshore South Africa from the companies Africa…
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SRK Consulting makes director, partner appointments in South African operations
Global consultancy SRK Consulting has appointed partner and principal geologist (geotechnical) Robert Armstrong as a director in its South African consulting practice. Armstrong has been with the company since 2001, when he joined as a student geologist. He has been involved in geotechnical projects throughout Africa, as well as in Argentina, Peru, Russia, Serbia, Iran…
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