JOHANNESBURG (Reuters) – South African utility Eskom has an optimistic outlook for power supply in the summer months, its CEO said on Wednesday, as one of its newest power plants is expected to progressively come online. In May, Eskom had projected an unprecedented level of power cuts during the winter months. Although its most dire …
South African utility Eskom expects lower power cuts in summer – CEO Read More »
JOHANNESBURG (Reuters) -The South African rand extended losses on Wednesday, after tumbling the day before on the back of soaring U.S. Treasury yields. At 1501 GMT, the rand traded at 19.1275 against the dollar, about 0.24% weaker than its previous close. The dollar last traded around 0.35% stronger against a basket of global currencies. On …
By Tannur Anders JOHANNESBURG (Reuters) -South African insurer Old Mutual Ltd said on Wednesday that benefits from higher interest rates were somewhat offset by their impact on customers, and it expects persistent pressure from tightening monetary policy to only stabilise in 2024. The country’s largest life insurer was able to achieve a better return on …
Higher interest rates a drag on South African insurer Old Mutual Read More »
By Forrest Crellin and Benjamin Mallet PARIS (Reuters) – French energy group TotalEnergies is to increase returns to shareholders and plans to raise its oil and gas production by 2 to 3% per year over the next five years. The group said at an investor day that it expects to distribute about 44% of its …
TotalEnergies to return more cash to shareholders as oil and gas output rise Read More »
By Paul Carsten LONDON (Reuters) – Oil prices surged more than $1 on Wednesday, as markets focused on low global supply in the run-up to winter, throttled by OPEC+ production cuts. Brent crude futures broached $95, up $1.55 to $95.51 a barrel by 1342 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed $1.82 to …
Oil surges more than $1 as tight supply dominates Read More »
By Karen Brettell and Samuel Indyk NEW YORK (Reuters) – The dollar hit a 10-month high on Wednesday, pushing the euro to an almost nine-month low and keeping the yen in intervention territory, as investors bet that the United States economy will fair better with higher interest rates than competitors. U.S. Treasuries stabilized after their …
Dollar index powers to 10-month high; yen, euro languish Read More »
By El Tayeb Siddig PORT SUDAN, Sudan (Reuters) – On a dusty plot in the Red Sea city of Port Sudan, General Kidi and Ganja Farmer perform tracks and rap with hand-held mics as people in the audience clap, dance and ululate. The founders of the “Nuba Mountain Sound” band come from South Kordofan, a …
Forced to flee war, Sudanese band spreads musical message Read More »
NIAMEY (Reuters) -France’s ambassador to Niger left the country early on Wednesday morning, around one month after the military government ordered his expulsion and days after President Emmanuel Macron said the diplomat would be pulled out and French troops withdrawn. Relations between Niger and France, its former colonial ruler which maintained a military presence in …
French ambassador to Niger leaves as relations nosedive after coup Read More »
(Reuters) – South Africa’s logistics utility Transnet on Wednesday said severe weather had disrupted rail services on its Cape Corridor, the main line for manganese exports and agricultural commodities. The country’s Western Cape and Eastern Cape provinces were last weeked lashed by strong winds and heavy rains which caused flooding and left 11 people dead, …
S.Africa’s Transnet says heavy rains disrupt service on key commodity line Read More »
CAIRO (Reuters) -Morocco were awarded the hosting of the 2025 Africa Cup of Nations finals on Wednesday, replacing Guinea who were stripped of the right to host the tournament last year, while the 2027 rights were handed to a co-bid from Kenya, Tanzania and Uganda. Morocco won by default after Algeria, Zambia and a joint …
Soccer-Morocco and East African co-bid to host future Africa Cup of Nations finals Read More »
