CAPE TOWN South Africa will bail out state utility Eskom with 69 billion rand ($4.9 billion) over three years, the centrepiece of a budget that exposed the limited room President Cyril Ramaphosa has to fix the economy ahead of an election in May. | Video
* Ramaphosa struggles with divided party before May vote
(Adds Moody's, market reaction, Eskom chair, more Mboweni)
JOHANNESBURG/CAPE TOWN South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimize risks to the economy, as a fifth day of power cuts hurt businesses and drove the rand to a six-week low on Thursday.
JOHANNESBURG/CAPE TOWN South African power utility Eskom needs a cash injection by April to survive, the country's public enterprises ministry warned in a presentation on Wednesday, although it later changed its wording to say the firm was "facing liquidity challenges".
CAPE TOWN South African President Cyril Ramaphosa announced plans on Thursday to split struggling state power giant Eskom into three separate entities, as he sought to convince investors and voters that he will turn around a struggling economy before an election in May. | Video
* Labour unions wary of potential job cuts
(Adds detail, analyst, context)
CAPE TOWN Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.
CAPE TOWN, Feb 6 Saudi Arabia will invest around
$3.8 billion to enhance access to geoscience data and reduce
regulatory red tape as it looks to boost mineral exploration,
senior government officials said on Wednesday.
CAPE TOWN, Feb 5 Equatorial Guinea will offer
offshore Block R with the related Fortuna gas development
project in the April licensing round, after the concession was
reclaimed from Ophir Energy Plc, the oil minister said
PARIS/CAPE TOWN Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas.