Archive | May, 2016

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Lumko Mtimde appointed USAASA CEO

Lumko Mtimde is the new CEO of the Universal Services and Access Agency of South Africa (USAASA). Mtimde, a former board member of the South African Broadcasting Corporation (SABC), commenced his duties on May 23. Reports said the former CEO of the Media Development and Diversity Agency (MDDA, was appointed in April by the South […]

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1.6 billion people worldwide lack adequate housing

A whopping 1.6 billion people worldwide lack adequate housing, according to independent statistics, while the World Bank says only 3% of the global population has an income sufficient to support a mortgage. The affordability factor, which is regularly tackled at various housing summits, has been cited as the fundamental problem facing the continent’s housing sector, […]

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Greenpeace urges South African retailers to commit on renewable energy

South Africa’s leading retailers – Shoprite, Pick n Pay, Massmart, Spar and Woolworths – have been urged by Greenpeace Africa to play a major role in shaping sustainable growth in the energy sector and champion the country’s transition to 100% renewable energy. This has emerged from a recent report titled ‘Shopping Clean – Retailers and […]

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South Africa’s tourism steady in Q1 2016

Tourism in South Africa remained steady in the first quarter (Q1) of this year despite rising inflation, slow economic growth and President Jacob Zuma’s corruption scandal. Businesses in this sector experienced almost normal performance levels during the abovementioned period, recording an index score of 97.8, slightly below the score of 100, according to the TBCSA […]

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London oil summit to showcase Africa’s untapped potential

London, the United Kingdom capital, will this month host a vital oil and gas summit meant to, among others, enhance the exposure of Africa’s upstream industry. This includes the sector’s exploration and development. Issues including crude oil and financial markets, engaging equity financiers, banks, private equity and investors, supply industry parties, as well as transaction […]

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Life in the Angolan capital Luanda

IMF to help Angola diversify its economy

The government of Angola is seeking the help of the International Monetary Fund (IMF) to help it diversify its economy, which for decades has been relying too much on the oil sector. The Southern African nation is the continent’s second-largest oil producer behind Nigeria, and reports said that the oil sector represented over 95% of […]

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Hotel investment increases in Africa

New figures released last week by W Hospitality Group Hotel Chain Development Pipeline Survey show an ‘extraordinary’ picture of hotel development across the African continent, with 36 hotel chains and 86 brands having invested in more than 64 000 rooms in 365 hotels. This is up almost by 30% compared to last year, the report […]

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