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Indebted Zambia pays $400 million in VAT refunds to mining firms

By Reuters Staff 2 Min Read A truck travels to a depth of 516 metres below the surface to collect ore at the Chibuluma copper mine in the Zambian copperbelt region, file. REUTERS/Rogan Ward/File Photo LUSAKA (Reuters) - Zambia paid 8.5 billion kwacha ($400 million) in value-added tax refunds to mining companies last year, the head of the tax authority said on Wednesday, equal to about 3.5% of the external debt that the southern African country is struggling to repay. Zambia, Africaโ€™s second-...
South Africa Goodwell Mateyo Chris Mfula Mark Potter Kingsley Chanda Helen Reid

S.Africa tackles secretive party funding with law, but still allows anonymous donors

S.Africa tackles secretive party funding with law, but still allows anonymous donors Reuters 1/22/2021 * Parties must disclose bank statements, but not donors * Campaigners say move will help taclke corruption By Tim Cocks Jan 22 (Reuters) - South African President Cyril Ramaphosa signed a law on Friday requiring political parties to disclose donations of more than 100,000 rand ($6,650) in a bid to clean up party funding, but it did not ban anonymous donations. The Political Party Funding Act...
South Africa United States South African Angus Macswan Cyril Ramaphosa Sheilan Clarke
Source: msn.com

Another big storm, growing stronger, set to hit central Mozambique

By Reuters Staff 3 Min Read JOHANNESBURG (Reuters) - A powerful storm nearing Mozambique is expected to intensify into a tropical cyclone on Friday, according to forecasts, dumping rain onto already swollen rivers in an area devastated by Cyclone Idai less than two years ago. Buildings damaged during Cyclone Kenneth are seen from the air in a village north of Pemba, Mozambique, May 1, 2019. REUTERS/Mike Hutchings/File Photo Tropical Storm Eloise, currently over the Mozambique channel whose warm...
South Africa Emma Rumney Indian Ocean Mark Heinrich Thomson Reuters Trust Principles International Organisation Of Migration

After pandemic, oil firms even less willing to cover $3.9 billion cost of S.Africa's clean fuel plan

After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (SAPIA...
South Africa Kwazulu Natal South African Avhapfani Tshifularo Susan Fenton Wendell Roelf

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South Africa tackles secretive party funding with law, but still allows anonymous donors

3 Min Read (Reuters) - South African President Cyril Ramaphosa signed a law on Friday requiring political parties to disclose donations of more than 100,000 rand ($6,650) in a bid to clean up party funding, but it did not ban anonymous donations. South African President Cyril Ramaphosa visits the coronavirus disease (COVID-19) treatment facilities at the NASREC Expo Centre in Johannesburg, South Africa April 24, 2020. Jerome Delay/Pool via REUTERS/File Photo The Political Party Funding Act requ...
South Africa United States South African Angus Macswan Cyril Ramaphosa Sheilan Clarke

Zambia, IMF to hold talks on credit facility from next month

By Reuters Staff 1 Min Read The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido JOHANNESBURG (Reuters) - Zambia will hold discussions with the International Monetary Fund (IMF) from February 11 to March 3 to negotiate an extended credit facility, the Finance Ministry said on Friday. โ€œThe programme discussions will centre of the governmentโ€™s objectives to attain fiscal and debt sustainability,โ€ the m...
South Africa Fredson Yamba Thomson Reuters Trust Principles International Monetary Fund Finance Ministry Treasury Fredson

After pandemic, oil firms even less willing to cover $3.9 B cost of S.Africa's clean fuel plan

After pandemic, oil firms even less willing to cover $3.9 B cost of S.Africas clean fuel plan 1/22/2021 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulfur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (SAPIA) says. New rules requiring oil refineries in South Africa to cut diesel sulfur levels to 10 parts per million (ppm) had been...
South Africa Kwazulu Natal South African Avhapfani Tshifularo Susan Fenton Durban Community Environmental Alliance

Another cyclone, growing stronger, set to hit central Mozambique

Another cyclone, growing stronger, set to hit central Mozambique This content was published on January 22, 2021 - 21:52 January 22, 2021 - 21:52 By Manuel Mucari and Emma Rumney MAPUTO (Reuters) - A powerful storm approaching Mozambique was upgraded on Friday to a tropical cyclone, on course to deluge an area already submerged by floodwaters and still recovering from Cyclone Idai less than two years ago. Cyclone Eloise, fuelled by the warm Indian Ocean waters of the Mozambique channel, gained ...
South Africa Manuel Mucari David Gregorio Emma Rumney Indian Ocean Luisa Meque

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