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South Africa In Offshore Oil, Gas Exploration Deal

The world’s largest publicly traded oil and gas company, Exxon Mobil, has signed an agreement to begin offshore exploration activities on the east coast of South Africa through its affiliate ExxonMobil Exploration and Production South Africa, the company announced on Monday.

December 19, 2012No CommentRead More

South Africa Bids to Become World’s Call Center Capital

December 7, 2012 No Comment

AFRICANGLOBE – Your phone rings. Someone’s trying to sell you financial services. The person you’re speaking to is likely to be sitting in a massive room with hundreds of other people. And if you’re in an English-speaking country, the chances are they will have an Indian accent. India may be the world leader in call [...]

More Gas Discovered Off Mozambique Coast

December 5, 2012 2 Comments

AFRICANGLOBE – Italian energy company ENI announced on Wednesday new gas finds off the eastern coast of Mozambique – the third this year – entrenching the country’s position as an emerging gas power. “The new discoveries add six trillion cubic feet (tcf) of gas… to Area 4, confirming at least 68 tcf (1.9 trillion cubic [...]

Africa: Ripe for investment

December 5, 2012 1 Comment

AFRICANGLOBE – When it comes to investing around the globe, most investors take a detour around Africa, but experts say that’s a huge mistake. Over the past decade, Africa has been the second-fastest growing economy in the world, with GDP accelerating more than 5% a year on average, according to the World Bank. And even [...]

Oppenheimer Family Investing In South African Tech Start-Ups

November 17, 2012 No Comment

AFRICANGLOBE – E. Oppenheimer & Son has become an investor in South African venture capital company 4Di Capital, in a move that sees the mining giant support local tech start-ups. 4Di on Friday announced that the Oppenheimer family’s holding company had become a Capital Fund 1 investor in the venture capital company; doubling the size [...]

South Africa: Massive Dismissals of Miners Continue

October 24, 2012 No Comment

The end in the strife in the mining industry in South Africa is not over, as employers are now putting their foot down after strikes hit the industry. Employers have resorted to firing thousands of workers and issuing ultimatums to many others. The order is for them to work immediately or face dismissal. Gold Fields, [...]

Meet The Man Who’s Shaping Africa’s Future

October 24, 2012 No Comment

Just like the great American civil right activist Martin Luther King Jnr. had a dream of an equal social existence, so did Ghanaian-born entrepreneur, Fred Swaniker, dream to build a Pan-African school that will position the new generation of African youth towards prosperity in future years. His mission was to give the African child a [...]

CEO to Workers: I May Fire You if Obama Wins

October 11, 2012 No Comment

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday. It said that if President Barack Obama wins re-election and raises Siegel’s taxes, he will have to lay off workers and downsize his company – or even shut it down. “If any new taxes are levied on me, or my [...]