Bloomberg South Africa’s debt-laden power utility ended controlled blackouts as power supplies improve, though it says shortages gripping Africa’s most industrialised economy may not be over yet. Eskom Holdings SOC Ltd., which provides about 95% of South Africa’s electricity, said it wouldn’t be implementing load shedding, a local term for rolling power blackouts, on Sunday. That comes after almost a ...

Bloomberg Barrick Gold Corp. agreed to pay over $300 million to the Tanzanian government to end a long-running dispute that it says destroyed the value of its subsidiary Acacia Mining Plc’s assets. As part of the deal, which still must be approved by Tanzania’s attorney general, the government will be given a 16% stake in a renamed company known as ...

We’ve seen this movie before. The top economists at the International Monetary Fund (IMF) — the global agency created after World War II to promote stability and growth in the world economy — unveil their latest forecast, which is almost always weaker than its previous forecast. The economists hold out the possibility that world growth will improve if the most ...