Features

JOHANNESBURG (Capital Markets in Africa) – Some South African power stations are operating below full strength as workers protest state-owned Eskom Holdings SOC Ltd.’s insistence that it won’t offer pay increases. All the facilities are still running though, and the company, which supplies most of South Africa’s electricity, is determined to “keep the lights on,” Chief Executive Officer Phakamani Hadebe told reporters in Johannesburg. The company is implementing contingency plans and will get court orders to stop…

TRIPOLI (Capital Markets in Africa) – Libyan military commander Khalifa Haftar is close to capturing the last major city out of his control in the oil-rich east, giving him a potential boost in the scramble for power before the fractured country heads to possible elections this year. After weeks of heavy fighting left dozens dead, a unit loyal to Haftar’s self-styled Libyan National Army said it had advanced early Monday on two districts in the…

LAGOS (Capital Markets in Africa) – Investors have had the chance to review the details of Donald Trump and Kim Jong Un’s agreement to work toward the complete denuclearization of the Korean peninsula — and the verdict is in. “There aren’t any details,” said Kiyoshi Ishigane, chief strategist at Mitsubishi UFJ Kokusai Asset Management Co. in Tokyo. “They’re saying they’ll try. But we don’t know if this will actually materialize.” Markets across Asia barely reacted after U.S. President…