Gold One International Ltd. could dismiss more than 500 workers at a South African mine after two incidents last year in which hundreds of employees stayed underground for days.
Kenya’s government has launched a unified human resource system in an effort to rid public service payrolls of more than 20,000 “ghost workers,” a newspaper reported.
South African retailers are complaining that Temu, the Chinese e-commerce platform that has grown rapidly in the country this year, has used import tax loopholes to undercut local companies, News24 reported.
South Africa’s top central banker told the Financial Times that “the job of taming inflation is not yet done,” suggesting he’s in no hurry to cut interest rates.
Ivory Coast, the world’s top cocoa producer, has overtaken South Africa to become the best-rated sovereign in sub-Saharan Africa with foreign debt outstanding.
Investor demand at South Africa’s weekly government bond sale rose, signaling improved sentiment after political parties in the country agreed to form a governing alliance and re-elected Cyril Ramaphosa as president.
