By Stella Mapenzauswa JOHANNESBURG (Reuters) - A weak rand and a government U-turn on restrictive visa rules are helping South Africa's tourism sector to stage a strong recovery after a shaky 2015. Foreign visitors dropped nearly 7 percent last year, partly due to new visa regulations requiring children to travel with full birth certificates and visitors from some countries, including China, to appear in person at a South African embassy, often requiring lengthy journeys. The government relaxed those rules in October, and Tourism Minister Derek Hanekom said on Tuesday that the industry, which was also hit by health fears sparked by an Ebola outbreak in West Africa last spring, was on the mend.
KEMPTON PARK, South Africa (Reuters) - South Africa's government will never sell the national airline, South African Airways,President Jacob Zuma said on Friday. SAA has received a number of government bailouts worth billions of rand and is in the middle of a turnaround strategy. "Government is very clear, we will never sell this company, no matter what other people say," Zuma said at SAA's offices in Kempton Park, near Johannesburg. (Reporting by Nqobile Dludla; Editing by James Macharia)
By Joe Brock MAPUTO (Reuters) - The 24 fishing boats rusting in the harbour of Mozambique's capital were meant to be a modern tuna fleet that would rake in hard currency, create jobs and provide a cheap source of protein for one of the world's poorest countries. Instead, they have become monuments to government mismanagement and heavy lending by Western banks that has buried a promising African economy in a deep debt crisis. The boats, moored in the harbour of Maputo, were paid for out of an $850-million (588 million pounds) loan arranged in 2013 by Credit Suisse and Russia's VTB to finance "fishing infrastructure".