Exxon Mobil is seeking buyers for its stake in a large undeveloped gas field off Tanzania, according to three banking and industry sources, as the company focuses on the development of an even bigger project in neighbouring Mozambique.
The South African government on Thursday moved a step closer to opening SAA to partial private ownership saying it had established an oversight committee to look into the possible involvement of a private partner in the national carrier's affairs.
Sanlam has set its sights on Ethiopia and Egypt as part of an expansion strategy that will see the financial services group expand its footprint to 44 countries in Africa, India, Malaysia, the United Kingdom and Australia.
The South African Rand’s woes continued on Thursday with the domestic currency trading within a R12.68-R12.99 range to the Dollar, its weakest in five months, still reeling from the detrimental economic data released earlier this week.
Europe and hosts Canada warned United States (US) President, Donald Trump, on Thursday that they will not be intimidated at the G7 summit, despite fears that a trade war will weaken the Western alliance.
Zimbabwe's main opposition leader, Nelson Chamisa, vowed on Thursday to revive the country's moribund economy and to introduce a new currency pegged to the South African Rand if he gets elected next month.