The Commission forAfrica, a panel set up by former British Prime Minister Tony Blair, says richcountries should pay African governments for mineral advice on negotiating thebest deals for exploiting their natural resources. The 17-member panel,comprising serving and former African leaders and finance experts, also calledon donor governments to provide an extra USD 10-20bn annually to help Africaadapt to climate change. The panel urged African governments to ensure stronggrowth reduced poverty among ordinary Africans and added that donors werefalling short of their pledges and progress on reforming international traderules had been dismal.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more