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South Africa
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March 30, 2017

Ford recalls Ford Fiesta ST models

http://www.timeslive.co.za/local/2017/03/29/Ford-recalls-Ford-Fiesta-ST-models1

Days after Ford SA CEO Jeffery Nemeth was summoned to the vehicle manufacturer’s headquarters in the US‚ the multinational has recalled 1 078 Ford Fiesta ST models in South Africa.

The safety recall affects models manufactured between September 2012 and December 2014.

“In the affected vehicles‚ a lack of coolant circulation could cause an engine to overheat‚ resulting in a crack in the cylinder head. A cracked cylinder head can result in a pressurised oil leak. Oil that comes into contact with a hot engine surface increases the risk of a fire in the engine compartment‚” [...]

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March 30, 2017

Uncle Kathy’s emotional send-off

http://www.news24.com/SouthAfrica/News/uncle-kathys-emotional-send-off-20170329

Johannesburg – Stern words, standing ovations, and raw emotions dominated the final send-off for ANC veteran Ahmed Kathrada on Wednesday.

Friends, family, dignitaries, activists and struggle veterans said their last goodbyes to Kathrada at the Westpark cemetery, Johannesburg. Throngs of mourners gathered at the Houghton mosque early on Wednesday morning before heading to the cemetery for the last rites.

The 87-year-old stalwart’s coffin arrived draped in an ANC flag in a marquee almost filled to capacity.

Mourners sang revolutionary songs and veterans and former [...]

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March 23, 2017

MTN appoints Rob Shuter as CEO following earnings loss

South Africa’s MTN Group has appointed Rob Shuter as chief executive after the mobile phone network company announced a R2.6bn ($198m) loss in earnings in 2016. Shuter, who previously worked for London-headquartered Vodafone, was appointed on Monday to head up the revamped senior management team, following the completion of a strategic review.

MTN’s earnings loss was the first time in its 23-year history that the telecoms giant had reported a fall in income. Meanwhile, pre-tax profits fell from R36.5bn ($2.8bn) in 2015 to R18.2bn ($1.4bn). However, MTN’s consolidated revenue increased year-on-year by 0.4% in 2016 to R146bn ($11.1bn), while its subscriber base in Africa and the [...]

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March 16, 2017

Fall in mining and manufacturing shrinks South Africa’s economic growth

South Africa’s economy contracted to 0.3 percent in the last quarter of 2016, due to a fall in mining and manufacturing production.

According to the country’s statistics office, the shrinkage in the two key sectors of the economy pulled growth into negative territory.

Figures from the agency indicate, the mining industry’s 11.5 percent drop in production was the main contributor to the economy’s slowdown, brought about by a fall in production of coal, gold and other metal ores, such as platinum and iron ore. While manufacturing dropped by 3.1 percent.

Overall, the economy grew by 0.3 percent last year compared to 1.5 percent in 2015.

Africa’s most [...]

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