Africa Briefs

Jo-Mare Duddy Booysen
Eskom price hike to cost SA 90 000 mining jobs

South Africa's gold and platinum mines will shed around 90 000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an industry body said on Monday.

"In total, as many as 90,222 jobs would be at risk solely as a result of the MYPD4 tariff increases granted by Eskom," the Minerals Council South Africa said in a presentation.

Energy regulator Nersa said in early March Eskom could hike tariffs by 9.41% in the 2019, 8.1% in 2020 and 5.2% in 2021, far less than Eskom's request for increases above 15% in each of the three years.

The industry body said in its presentation that 71% of all gold mines and 65% of platinum mines were "loss-making or marginal" by the end of 2018, adding the power price hike would make the situation even worse.

Last week, Statistics South Africa data showed gold production contracted for the 15th month in a row, shrinking by 22.5% in January, while platinum output was up 8.8% in the same period.

"We see the Eskom crisis as not just a crisis but a potential disaster," said Minerals Council chief executive Roger Baxter. – Nampa/Reuters

Around 1.85 mln people affected by Cyclone Idai

About 1.85 million people have now been affected by Cyclone Idai and its aftermath in Mozambique alone, the United Nations' humanitarian agency OCHA said yesterday, as aid workers raced to fathom the massive scale of the deadly disaster.

"Some will be in critical, life threatening situations. Some will sadly have lost their livelihoods, which whilst an appalling tragedy is not immediately life threatening,” OCHA coordinator Sebastian Rhodes Stampa said. – Nampa/Reuters

Ex-World Bank economist charged in South Sudan

A former World Bank economist whose detention in South Sudan has caused an international outcry was one of seven men charged on Monday with insurgency and sabotage, more than seven months after his arrest.

Peter Biar Ajak, who is country director for his native South Sudan for the International Growth Centre which studies emerging economies at the London School of Economics, had been held since last July.

Biar's lawyer and lawyers for the other defendants denied the charges against them, which were brought on Monday under anti-terrorism and security laws.

South Sudan has been in a state of civil war since 2013, two years after its founding, after political disagreements between president Salva Kiir and his then deputy, Riek Machar, degenerated into a military confrontation.

At its peak, the conflict uprooted a quarter of the country's population of 12 million and devastated its oil-dependent economy. A regionally brokered deal last year, which had Machar return to government again as Kiir's deputy, ended the fighting although pockets of violence remain in some parts. – Namps/Reuters

US approves F-16 sale to Morocco

The United States on Monday approved the sale of 25 F-16 fighter aircraft to Morocco for US$3.8 billion, the State Department announced.

Besides the new Block 70/72 F-16s, equipped with state of the art electronic systems and weaponry, Washington also approved the modernisation of 23 F-16s already in the Moroccan air force fleet, for US$983 million.

The State Department said the sale would not affect the balance of forces in the region. It can still be blocked by the US Congress, which has 30 days to raise any objections.

More than 4 500 of the Lockheed Martin-built F-16s have been delivered since 1978. It is gradually being replaced by the stealth F-35 fighters but more than 3 000 of F-16s are still in use in 25 countries, thanks to constant upgrades.

The Moroccan military ordered 24 F-16s in 2008. It lost one aircraft in action in 2015 during Saudi-led air operations in Yemen. – Namps/Reuters

Ebola epidemic in DR Congo now exceeds 1 000 cases

The number of cases in a nearly eight-month-old epidemic of Ebola in eastern DR Congo now exceeds 1 000, almost two-thirds of whom have died, the health ministry said late Sunday.

"The accumulated number of cases is 1 009," of which 629 cases were fatal, it said.

The outbreak was first recorded in North Kivu province on August 1, and then spread to neighbouring Ituri province.

Its toll is the second deadliest in the history of Ebola, after an epidemic in Guinea, Liberia and Sierra Leone in 2014-6 that claimed 11 308 lives, according to the website of the US Centers for Disease Control and Prevention (CDC).

Efforts to contain the latest outbreak, the 10th in the DRC's history, have been hampered by poor security in the highly unstable east, which teems with militia groups. – Nampa/Reuters

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Namibian Sun 2024-05-16

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Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City | Aston Villa 3 vs 3 Liverpool LaLiga: Las Palmas 2 vs 2 Real Betis | Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca | Barcelona 2 vs 0 Real Sociedad SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 13° | 30° Ruacana: 13° | 30° Tsumeb: 14° | 28° Otjiwarongo: 12° | 27° Omaruru: 14° | 28° Windhoek: 11° | 26° Gobabis: 13° | 26° Henties Bay: 19° | 35° Wind speed: 42km/h, Wind direction: E, Low tide: 04:48, High tide: 10:54, Low Tide: 16:42, High tide: 23:24 Swakopmund: 20° | 26° Wind speed: 26km/h, Wind direction: S, Low tide: 04:46, High tide: 10:52, Low Tide: 16:40, High tide: 23:22 Walvis Bay: 23° | 34° Wind speed: 34km/h, Wind direction: SE, Low tide: 04:46, High tide: 10:51, Low Tide: 16:40, High tide: 23:21 Rehoboth: 12° | 26° Mariental: 15° | 28° Keetmanshoop: 18° | 29° Aranos: 15° | 28° Lüderitz: 19° | 35° Ariamsvlei: 19° | 31° Oranjemund: 14° | 26° Luanda: 25° | 26° Gaborone: 15° | 29° Lubumbashi: 11° | 27° Mbabane: 14° | 28° Maseru: 10° | 24° Antananarivo: 12° | 22° Lilongwe: 14° | 28° Maputo: 17° | 30° Windhoek: 11° | 26° Cape Town: 16° | 20° Durban: 18° | 25° Johannesburg: 15° | 25° Dar es Salaam: 23° | 32° Lusaka: 15° | 27° Harare: 12° | 25° Currency: GBP to NAD 22.99 | EUR to NAD 19.75 | CNY to NAD 2.52 | USD to NAD 18.18 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.92 | USD to AOA 847.42 | USD to BWP 13.53 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.18 | USD to ZMW 25.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79509 Up +0.19% | Namibian Stock Exchange (NSX) Overall Index 1740.48 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13411.39 Down -0.07% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 379.43/OZ DOWN -0.0052 | Copper US$ 4.85/lb DOWN -0.0095 | Zinc US$ 2 979.80/T DOWN -0.15% | Brent Crude Oil US$ 83.71/BBP UP +0.52% | Platinum US$ 1 060.61/OZ DOWN -0.0086 Sport results: Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City | Aston Villa 3 vs 3 Liverpool LaLiga: Las Palmas 2 vs 2 Real Betis | Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca | Barcelona 2 vs 0 Real Sociedad SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese Weather: Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 13° | 30° Ruacana: 13° | 30° Tsumeb: 14° | 28° Otjiwarongo: 12° | 27° Omaruru: 14° | 28° Windhoek: 11° | 26° Gobabis: 13° | 26° Henties Bay: 19° | 35° Wind speed: 42km/h, Wind direction: E, Low tide: 04:48, High tide: 10:54, Low Tide: 16:42, High tide: 23:24 Swakopmund: 20° | 26° Wind speed: 26km/h, Wind direction: S, Low tide: 04:46, High tide: 10:52, Low Tide: 16:40, High tide: 23:22 Walvis Bay: 23° | 34° Wind speed: 34km/h, Wind direction: SE, Low tide: 04:46, High tide: 10:51, Low Tide: 16:40, High tide: 23:21 Rehoboth: 12° | 26° Mariental: 15° | 28° Keetmanshoop: 18° | 29° Aranos: 15° | 28° Lüderitz: 19° | 35° Ariamsvlei: 19° | 31° Oranjemund: 14° | 26° Luanda: 25° | 26° Gaborone: 15° | 29° Lubumbashi: 11° | 27° Mbabane: 14° | 28° Maseru: 10° | 24° Antananarivo: 12° | 22° Lilongwe: 14° | 28° Maputo: 17° | 30° Windhoek: 11° | 26° Cape Town: 16° | 20° Durban: 18° | 25° Johannesburg: 15° | 25° Dar es Salaam: 23° | 32° Lusaka: 15° | 27° Harare: 12° | 25° Economic Indicators: Currency: GBP to NAD 22.99 | EUR to NAD 19.75 | CNY to NAD 2.52 | USD to NAD 18.18 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.92 | USD to AOA 847.42 | USD to BWP 13.53 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.18 | USD to ZMW 25.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79509 Up +0.19% | Namibian Stock Exchange (NSX) Overall Index 1740.48 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13411.39 Down -0.07% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 379.43/OZ DOWN -0.0052 | Copper US$ 4.85/lb DOWN -0.0095 | Zinc US$ 2 979.80/T DOWN -0.15% | Brent Crude Oil US$ 83.71/BBP UP +0.52% | Platinum US$ 1 060.61/OZ DOWN -0.0086