• July 3, 2025

Cameroon sugarcane strike turns violent over wages

Over 150 hectares of sugarcane fields have been destroyed in Cameroon due to violent clashes between workers at the Société Sucrière du Cameroun (SOSUCAM) and police. The unrest, which erupted earlier …

FIFA suspends Congolese Football Federation

FIFA has announced the immediate suspension of the Congolese Football Federation (FECOFOOT), following escalating tensions between the Ministry of Sports and the football body. The dispute, which has been ongoing for …

Judge halts Trump’s effort to dismantle USAID

A federal judge has delivered a major blow to President Donald Trump and his ally, billionaire Elon Musk, halting plans to pull thousands of staffers from the U.S. Agency for International …

A deal to sell a majority stake in the troubled South African Airways (SAA) has fallen apart.

Pravin Gordhan, South Africa’s Public Enterprises Minister overseeing the company said on Wednesday the government and Takatso had agreed but “there was no clear path forward” for the transaction after a new business and asset valuation. The South African government had been negotiating the deal for three years.

The airline was on the verge of being liquidated before it entered a form of bankruptcy protection in 2019.

Its finances worsened as the COVID-19 pandemic restricted air travel and depleted its already minimal cashflow, forcing the government to hunt for a strategic equity partner to keep it afloat

The government announced the planned deal to sell a controlling stake in SAA to the Takatso Consortium in 2021, part of efforts to end recurring bailouts to the flag carrier.

Leave a Reply

Your email address will not be published. Required fields are marked *