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Not together. Barclays says it owns 100% risk but not all the equity

Barclays to sell Absa

Barclays, based in London, has decided to sell its Africa operations, which includes the Absa Group, according to the Financial Times.

“Barclays does not own all of the equity, but it owns 100% of the risk if something goes wrong,” … Read the rest

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Can Africa accommodate 3 billion more people?

The world’s population will increase from today’s 7.3 billion people to 9.7 billion in 2050 and 11.2 billion at century’s end, John R. Wilmoth, the director of the United Nations (UN) Population Division, told a session focused on demographic forecasting … Read the rest

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White flight from South Africa

A total of 95 158 whites have left South Africa since 2011, according to a new Statistics SA report released on Thursday.

According to the 2015 mid-year population estimates, in the same period 1 067 937 Africans and 40 929 … Read the rest

The World Food Programme is providing lifesaving assistance to more than 40,000 people in Bambari, Central African Republic (CAR). Photo: WFP/Daouda Guirou

UN condemns armed attacks on Main Supply Road of CAR

The United Nations peacekeeping operation in the Central African Republic (CAR) today condemned a recent series of armed attacks perpetrated by rebel elements.

“The United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA) strongly condemns the marked … Read the rest

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US says Burundi elections not credible

The United States said Burundi’s elections Tuesday lacked credibility and by pressing ahead, the government “risks its legitimacy.”

The voting “will further discredit the government,” State Department spokesman John Kirby said, after polling went ahead despite opposition protests that President … Read the rest

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Facebook comes to Africa

Social media network company Facebook, has opened its first office in Africa and South Africa is the host country.

The office is based in Melrose Arch in Johannesburg. It is aimed at furthering the company’s commitment to help businesses connect … Read the rest

Zizipho Pae

UCT’s SRC vice riles gays

A Facebook status update written by UCT’s black SRC vice-president Zizipho Pae has sparked massive uproar on social media and the student community in Cape Town.

Many interpreted Pae’s status as being related to the US Supreme Court ruling last … Read the rest

Racism is rife in South Korea

Chief Justice wants white males out

South Africa’s black Chief Justice berated the government and corporations for hiring white males to defend them in courts.

Speaking at a Durban Chamber of Commerce and Industry luncheon, Mogoeng Mogoeng said: “There’s still a lot to be done to … Read the rest