The Editorial Team |

Union That Disrupted South African Mining Faces Deregistration

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Labor Department said it intends to deregister one of the country’s biggest and most aggressive mining unions, just weeks before crucial platinum-industry wage talks are expected to begin. A relative upstart compared with the more-established National Union of Mineworkers, the Association of Mineworkers and Construction Union has shaken up the country’s mining industry over the past decade. It gained prominence in a dispute at Lonmin Plc that…

Guangzhou International Solar Photovoltaic Exhibition 2019

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FOR MORE VISIT http://www.pvguangzhou.com/

Africa’s Biggest Fund Manager Is Said to Court Banker for CEO

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JOHANNESBURG (Capital Markets in Africa) – Africa’s largest fund manager is said to be considering financial services executive Kennedy Bungane to head the institution, according to people familiar with the matter. Responsible for most South African government workers’ pension funds, the Public Investment Corp. is being probed over allegations of wrongdoing that are currently a subject of a judicial commission of inquiry and resulted in a host of senior departures, including that of Chief Executive Officer Dan Matjila….

Angola Cancels Telstar Mobile Phone License, to Open New Tender

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LUANDA (Capital Markets in Africa) – Angolan President Joao Lourenco canceled a decision to award Telstar Telecomunicacoes, a privately held company, the southwest African nation’s fourth mobile license. “The president annuls the outcome of the competition to ensure a clean and transparent procedure,” the Angolan presidency said in an emailed statement on Thursday. “The Ministry of Telecommunications will formalize the opening of a new tender within 30 days.” The tender, the results of which were announced on April…

World Bank Warns Africa Bond Bonanza Risks Hurting Nations

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LAGOS (Capital Markets in Africa) -The World Bank warned that high demand for African Eurobonds will place countries at a higher risk of debt distress once an increase in U.S. rates prompts investors to turn their backs on emerging-market assets. African sovereigns such as Ghana and Benin joined a slew of high-yielding borrowers this year who took advantage of the dovish turn by the Federal Reserve and some of the world’s most important central banks to sell…

Mick Davis Moves Closer to Iron Ore Mining With Liberian Deal

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MONROVIA (Capital Markets in Africa) – Mining dealmaker Mick Davis has won permission to export iron ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through his new Niron Metals vehicle, has signed an agreement with Liberia that will allow him to use a rail and port to export iron ore from the mine that he’s seeking to build in neighboring Guinea, according to a statement. The Zogota project, where…

Empty Bellies Join Loaded Guns as South Sudan’s Major Danger

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SOUTH SUDAN (Capital Markets in Africa) – After five years of civil war, South Sudan’s biggest danger may not be loaded guns but empty bellies. Even as the government and rebels prepare to join forces to end a conflict that’s claimed almost 400,000 lives, the threat of famine is stalking the East African country. With local farming yet to recover, almost seven million people — more than half the population — may face severe food shortages between…

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