Eskom Holdings SOC Ltd. began rolling scheduled blackouts in South Africa for the first time in six years after rain disrupted the state-run utility’s supply of coal, burned to generate more than 80 percent of power.
Zimbabwe’s Parliamentary Legal Committee said the country’s Sovereign Wealth Fund Bill doesn’t contravene the constitution, paving the way for the adoption of legislation that could see the fund allocated as much as a quarter of mining royalties.
Zimbabwe Finance Minister Patrick Chinamasa said he wants to meet with the heads of Barclays Plc and Standard Chartered Plc after the country’s lines of credit were cut by about 95 percent to $40 million a year.
Zimbabwe’s government is willing to negotiate royalties with mining companies, Finance Minister Patrick Chinamasa said after the government proposed channeling a quarter of the levies into a planned sovereign wealth fund.
Supervisor Atta Mohammad watches the cranes swivel and workers at the Naibabad freight terminal rush to unload wheat and construction material from Uzbekistan that’s just arrived on Afghanistan’s only railroad.
The U.S. described the Syrian civil war as a “human rights calamity,” while citing Russia, China, Egypt, Turkey and other nations for abuses against their citizens in an annual State Department report.