Author: The Editorial Team

JOHANNESBURG (Capital Markets in Africa)- South Africa’s post office is cutting several hundred jobs, the second state-owned company in as many days to detail plans to lay off workers as the government looks to slash its wage bill. Finance Minister Tito Mboweni signaled last month he’s intent on lowering the government’s payroll costs, which consume 35% of national spending. The cuts are part of a plan to defend the nation’s last remaining investment-grade credit rating,…

ACCRA (Capital Markets in Africa) – West African states’ failure to coordinate their response to piracy off their coastline is the main reason attacks are persisting, Togolese President Faure Gnassingbe said. Seaborne assailants boarded two vessels off the coast of Togo and neighboring Benin earlier this month, the latest in a series of attacks in the world’s worst piracy hotspot in the Gulf of Guinea that stretches from Senegal to Angola. While the 15 states and western…

LONDON (Capital Markets in Africa) – Prince Andrew’s attempt to explain away his friendship with pedophile financier Jeffrey Epstein in a high-profile TV interview degenerated into a farce that threatens to be the British royal family’s biggest public relations disaster since its handling of the death of Princess Diana in 1997. #PrinceAndrew trended high on Twitter as Saturday’s hour-long interview with the BBC began airing on prime-time British TV. Interviewed by Newsnight host Emily Maitlis…