Hardware Warehouse is among the brands Steinhoff owns in South Africa

South Africa retail merger collapses

South African retail group Steinhoff and supermarket chain Shoprite have abandoned a $14bn deal to create Africa’s biggest shop network. The tie-up would have been the latest expansionary move by Steinhoff, which bought the UK’s Poundland discount chain last year. But the merger talks foundered after Shoprite shareholders complained they were getting a bad deal.…

The UK is looking to South Africa post-Brexit

British Finance Minister Philip Hammond  pledged millions of pounds in aid for South Africa’s developmental programmes, following talks with the country’s top political and business leaders. “As Britain leaves the EU, we will be deepening our work with our international partners to build ever stronger economic links around the world,” he said in a statement…

HIV Vaccine Trial to Begin in South Africa

A new clinical trial is underway in South Africa on an experimental vaccine that could safely prevent HIV, the virus that causes AIDS. According to a statement from the National Institutes of Health (NIH), the HVTN 702 is the largest and most advanced HIV vaccine clinical trial to be undertaken in South Africa, where some…

South Africa to quit international criminal court

Justice minister says court’s obligations are inconsistent with domestic laws giving sitting leaders diplomatic immunity South Africa says it is pulling out of the international criminal court, making the country the second this week, after Burundi, to move to leave the tribunal that pursues the world’s worst atrocities. The ICC’s obligations are inconsistent with domestic…

No selfies with ballot papers, says IEC

JOHANNESBURG – Election officials say they’re confident that they’re ready for the polls. They’ve stressed that these elections are the biggest ever in South Africa. But they’ve also issued a warning, saying people must not take selfies of their ballots. “Voters are reminded that it is prohibited to take a photograph or “selfie” of their…

Zimbabwe abandoned its own currency in 2009 after hyperinflation made it worthless

Zimbabwe to print own version of US dollar

Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country. Central bank governor John Mangudya said the cash, known as bond notes, will be backed by $200m (£140m) support from the Africa Export-Import Bank. The specially-designed two, five, 10 and 20 dollar notes…

Swathes of southern Africa are facing food shortages

Africa drought fears grip Malawi and Mozambique

Food shortage fears over a drought in southern Africa have prompted Malawi to declare a state of national disaster and Mozambique to issue a “red alert”. The President of Malawi, Peter Mutharika, warned in a statement some people needed aid for all of this year. Mozambique raised alert levels for southern and central regions. Zimbabwe,…