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June 16, 2017 10:01 am
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Acacia Mining says that its annual targets for this year’s gold production remain unchanged even though it’s felt the effects of an export ban in Tanzania,. The ban has blocked shipment from two of Acacia’s three gold mines in the country. Both the government and the mining company are holding talks to try and find a solution. Tanzania accuses Acacia Mining of tax evasion, operating without a license and under-declaring the contents of containers prepared for shipment….

South Africa’s Constitutional Court has ordered an investigation into a scandal involving the country’s social security agency, SASSA. The court wants to know whether Social Development Minister, Bathabile Dlamini, is to blame for putting millions of beneficiaries at risk of not receiving their grants in April last year. Dlamini insists that she has done nothing wrong….

South Africa’s mobile phone network giant, Vodacom, has named Jabu Moleketi as its new chairman. He’ll be taking over from Peter Moyo in July, who retired after seven years with the company. Moleketi, a former deputy finance minister, will also take over as chairman of the Nomination Committee and step down from the Audit, Risk and Compliance Committee….

MTN says the disengagement of 259 employees in Nigeria, had nothing to do with the 3.3 billion dollar fine imposed on it by the country’s communication commission. The fine was reduced to just over 10 million dollars after negotiations, and is to be paid in installments within three years. MTN explained that the workers were disengaged after the company’s operations went digital…..

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