Ukraine will be forced to buy coal from Russia to get through the winter, a serious setback to the country's efforts to lessen energy dependence on its powerful neighbor, Ukrainian Energy Minister Yuri Prodan said on Wednesday.
Tags: South Africa
More losses loom for Russian bonds as credit rating heads back to junk
Russia's credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another wave of capital outflows.
Aspen, Cipla win share of $860 million South Africa AIDS drug tender
South Africa will spend 10 billion rand ($860 million) between 2015 and 2017 on life-prolonging HIV/AIDS treatment drugs, health authorities said on Wednesday, as studies show the prevalence of the virus is rising.
Amplats gets $385 million offer for Bokoni mine stake
Anglo American Platinum has received a 4.5 billion rand ($385 million) offer for its 49 percent stake in the Bokoni mine in northeast South Africa, a source said on Wednesday, pushing its shares higher.
U.S. buyout firm Carlyle enters South Africa with tyre deal
Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.
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South Africa has signed a nuclear power agreement with France, the government said on Friday, three weeks after it reached a similar deal with Russia as part of Pretoria's first tentative steps towards building up to 9,600 MW of nuclear power.
Millionaire British businessman Shrien Dewani on Monday denied arranging his bride's murder during their honeymoon in South Africa, four years after she was found shot dead in an abandoned car.
Nomanini was able to secure an additional investment of ZAR 4.8 million ($449,000) from the Industrial Development Corporation (IDC). The company provides a unique and colorful mobile Point-of-Sales (Pos) terminal to mobile operators...
Oscar Pistorius is set to face the court on Monday, as scheduled by Thokozile Matilde Masipa, due to his premeditated murder case. The Olympian was accused of killing his ex-girlfriend Reeva Steenkamp in his house at Pretoria, South Africa, possessing a firearm for killing, and gun firing on public prior to the alleged murder.
Oscar Pistorious is still on trial as he was accused for killing his girlfriend Reeva Steenkamp. The trial was held by CBS Network on its "48-hour" show focusing on the said crime between 3:00 am of February 14, 2013 where Pistorious reportedly shot Steenkamp.
JX Nippon Oil & Energy Corporation has opened an office in Johannesburg, South Africa that could indicate possible company expansion as the former looks to collaborate with exploration and retail firms.
Bloomberg Philanthropies invested $5 million in solar powered Little Sun to give those populations in the African region less expensive, clean light from the kerosene lamps they have been using.
Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.
Growthpoint Properties Ltd. has agreed to acquire stake in two real estate firms in South Africa following a share-swap deal, reported Bloomberg.
