South Africa

Climate impacts 'to cost world $7.9 trillion' by 2050

20 November 2019; AFP: Climate change could directly cost the world economy $7.9 trillion by mid-century as increased drought, flooding and crop failures hamper growth and threaten infrastructure, new analysis showed Wednesday.

The Economist Intelligence Unit's (EIU) Climate Change Resilience Index measured the preparedness of the world's 82 largest economies and found that based on current trends the fallout of warming temperatures would shave off three percent of global GDP by 2050.

Calls emerge for privatizing South African national carrier amid intensified strike

CAPE TOWN, Nov 19 (NNN-Xinhua) — Calls emerged for privatizing debt-ridden South African Airways (SAA), the national flag carrier being hard hit by a strike.

The airline must be placed under business rescue in order to mitigate any further loss of revenue and to ensure that the entity is a going concern, the opposition Democratic Alliance (DA) said.

Without business rescue, the only viable option would be to partially or fully privatize the national carrier, the party said.

ArcelorMittal to shut Saldanha plant in S Africa, 1000 workers affected

Johannesburg, Nov 12 (PTI) The world's largest steel maker ArcelorMittal's South Africa unit has said it will retrench nearly 1,000 workers and shut down its Saldanha plant due to severe financial losses, amid a global downturn in the steel industry.

Global steel magnate Lakshmi Mittal's ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.

South Africa’s PetroSA eyes Russia for $359 million farmout deal

CAPE TOWN, Nov 6 (NNN-AGENCIES) — South Africa’s national oil company PetroSA and Russia’s state geological company Rosgeologia are in talks to finalize a $359 million farmout deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa, three sources said.

PetroSA is under pressure to boost dwindling domestic resources that have imperiled its flagship Mossel Bay gas-to-liquid refinery, which is operating well below capacity.

South African opposition in crisis as ex-leader quits as MP

CAPE TOWN (Reuters) - The former leader of South Africa’s official opposition Democratic Alliance, Mmusi Maimane, gave up his seat in parliament on Thursday after quitting the national leadership and plunging the traditionally white liberal party into crisis.

Race and class remain highly divisive issues in South Africa, where the ruling African National Congress has been in power since the end of white minority apartheid rule in 1994.

Maimane had been expected to remain as parliamentary leader of the Democratic Alliance (DA) until the end of the year.

S. Africa deports thousands of illegal immigrants

CAPE TOWN, Oct. 22 (Xinhua) -- South Africa has deported thousands of illegal immigrants in recent months following a new spate of xenophobic attacks, the country's parliament said Tuesday.

The parliament revealed the information after a meeting was convened by the Portfolio Committees on Home Affairs and Cooperative Governance and Traditional Affairs to look at solutions to challenges around immigration in the country, particularly in the northeastern province of Gauteng.

S.Africa ex-leader Zuma to face corruption trial

11 October 2019; AFP: South Africa's scandal-plagued former president Jacob Zuma will face a corruption trial, a court ruled Friday, in one of multiple alleged graft cases over his long political career.

The country's High Court unanimously dismissed Zuma's bid for a permanent stay of prosecution over 16 counts of fraud, racketeering and money laundering relating to a multi-billion-dollar arms deal dating back to before he took office in 2009.

South African president regrets over xenophobic attacks

CAPE TOWN, Oct. 3 (Xinhua) -- South African President Cyril Ramaphosa on Thursday expressed his "deep regret" at the recent spate of xenophobic violence in the country.

"We have expressed our deep regret at the attacks directed at foreign nationals and our condemnation of all forms of intolerance and acts of violence," Ramaphosa told a press conference after meeting with visiting Nigerian President Muhammadu Buhari in its administrative capital Pretoria.

S. African police gun down 9 suspected robbers

DURBAN, Sept. 21 (Xinhua) -- South African police on Saturday gunned down nine suspected robbers in Isipingo, a town located 19 km south of Durban in the country's KwaZulu-Natal province.

The police first ambushed a gang of eight who were about to rob a business premise and crack safes.

"When they (suspects) saw the police officers they fired shots," said provincial police spokesperson Nqobile Gwala. "There was an exchange of gunfire. A total of seven suspects died at the scene and a 29-year-old suspect was arrested."

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