Tag: South Africa
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Petronas sells South African petroleum and chemicals business to Vitol arm
๐ฒ๐พ๐ฟ๐ฆ Malaysiaโs national oil and gas company Petronas has reached agreement to sell its entire 74% majority stake in South Africaโs Engen to Vivo Energy, one of the largest African fuel retail operators and part of multinational energy company Vitol. Engenโs 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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Zumaโs bid to remove arms deal prosecutor dismissed
๐ฟ๐ฆ 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 Downerโs continued presence as his prosecutor would violate…
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๐ช๐ฌ๐ฟ๐ฆ 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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Weir Minerals: Leading by example in the pursuit of net zero
While its technological advancements are ensuring responsible and sustainable mining, Rajen Govender, MD Weir Minerals SA, points out that Weir Minerals is firmly committed to ensuring net zero in its own operations.
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African Bank acquires Grindrod Bank in R1.5-billion deal
JOHANNESBURG (May 26, 2022) – African Bank has acquired 100% of Grindrod Bank which will allow it to accelerate its entry into the South African business banking sector. Grindrod Bank is wholly owned by Grindrod Limited.The deal is worth R1.5-billion. African Bankโs CEO Kennedy Bungane says, โFollowing the release of our successful half-year results this…
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Pan-African Parliament: Punches, kicks and death threats
Founded with the noble ambition of uniting the continent, a session of the Pan-African Parliament (PAP) recently descended into farce with some members fighting and threatening to kill each other. The ugly scenes came amid sharp divisions over who the next president of the 235-member parliament should be, with southern African delegates insisting that their…
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Naomi Campbell in diamond drama
British supermodel Naomi Campbell could be subpoenaed to testify at the trial of Liberia’s ex-President Charles Taylor for accepting a ‘blood diamond.’ It is alleged that Ms Campbell “was given rough diamonds” by Mr Taylor in 1997 at Nelson Mandela’s house in South Africa. Mr Taylor is accused of using “blood diamonds” to fuel an…
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