SA’s strategic fuel stock was sold for peanuts admitted new Energy minister

New Energy Minister Mmamoloko Kubayi has admitted that South Africa sold much of its strategic fuel stock last year‚ contradicting her predecessor‚ Tina Joemat-Pettersson. Kubayi told parliament’s portfolio committee on energy on Tuesday that the sale of the oil to a foreign enterprise at the rock-bottom price of $29 a barrel was indeed a sale […]
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Angolans resent Imperial China Colonising their country, causing Angola to increase police force to suppress dissent.

When a halving of oil prices left a gaping hole in Angola’s finances this year, it became clear sub-Saharan Africa’s third largest economy needed help fast – and President Jose Eduardo dos Santos knew exactly where to turn. But the multi-billion dollar loans he signed with China last month have angered Angolans who say they […]
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