Cape Town is widely regarded as one of the world's top tourist destinations, but not all of its residents are sharing in its success. Rising rents are pricing multiple generations out of their traditional neighborhoods, leaving them no choice but to occupy abandoned buildings.
Angola’s government is confident that the International Monetary Fund will disburse the next tranche of money from its $3.7 billion program. Aia-Eza Nacilia Gomes Da Silva, budget state secretary in the Finance Ministry said the recent second disbursement of about $248 million, which brought the total to about $1.24 billion was big accomplishment. She spoke with Bloomberg Television's Manus Cranny at the World Economic Forum in Cape Town.
Tasting grilled scorpion and a bowl of crunchy insects mixed with garlic and spices on a trip to Thailand four years ago "grossed out" chef Mario Barnard but also helped inspire him to experiment and open South Africa's first pop-up restaurant serving insect-only meals.
South African soldiers deployed to gang-ridden Cape Town suburbs on Thursday in a bid to help quell escalating gang violence that has killed hundreds since January and which officials have likened to a "war zone," a Reuters cameraman and community activists said.
A 13-year-old boy successfully hacked a drone on Monday in a stunt aimed at showing how vulnerable web-connected devices are to attacks. Reuben Paul, who calls himself "Cyber Ninja", took control of the drone in front of an audience at a global cybersecurity conference in Cape Town, South Africa.
On the side-lines of the African Oil Week in Cape Town, Former Nigerian President, Olusegun Obasanjo spoke to CNBC Africa’s Jill De Villiers on the importance of the African Continental Free Trade Area and the opportunities available to the domestic investors in the development of Nigeria’s oil and gas industry.