South African companies face “literal extortion” by other African nations, and the government wants to step in.
South Africa’s government is stepping up its support for some of the country’s biggest companies to help them hunt for business in Africa and protect them against extortion.
The initiative comes as companies including Vodacom Group Ltd. and MTN Group Ltd., Africa’s biggest mobile-phone companies, deal with disputes in the Democratic Republic of Congo and Cameroon respectively. “In some of the countries they operate in, someone will wake up and say you owe us money and there is no rational for that. In other instances, they are slapped with taxes they know nothing about. Literally it is extortion.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vodacom doesn’t sell eSIMs online in South Africa yet — but you can still buy oneWhile Vodacom only lets you buy eSIMs in-store, several international third-party providers will let you do so via their app or online platform. Here’s how to do it.
Read more »
Africa Live: Iran president's rare Africa visit delayed - BBC NewsIndia's health minister says action has been taken against more than 100 pharmaceutical companies, following deaths linked to cough syrups last year. An Indian-made cough medicine was blamed for dozens of child deaths in The Gambia and Uzbekistan.
Read more »
Africa: Anti-Graft War - Samia: Africa Not a HideoutAFRICAN isn't and shouldn't be a hideout for corrupt people, President Samia Suluhu Hassan has said.
Read more »
![Africa: The Future of US-Africa Trade and Investment [Executive Summary]](https://i.headtopics.com/images/2023/7/12/allafrica/africa-the-future-of-us-africa-trade-and-investmen-africa-the-future-of-us-africa-trade-and-investmen-1679167406839676950.webp?w=640)
Africa: The Future of US-Africa Trade and Investment [Executive Summary]Analysis - AGOA gives duty-free access to the US market for eligible countries in sub-Saharan Africa, aiming to promote African economic development alongside market liberalization and democratic governance.
Read more »
Africa Live: South Africa named world's best country to visit - BBC NewsA man has been shot dead during protests in the Kenyan town of Emali, according to reports. Police shot at protesters who reportedly set fire to a police vehicle. Opposition protests are taking place across the country, despite being declared illegal.
Read more »
South Africa: Too soon to call turnaround on load shedding - The Africa Report.comRecent improvements in the performance of SouthAfrica’s state energy utility Eskom rest on thin foundations and there is no evidence that a lasting solution to load shedding has been found, experts say.
Read more »