Is South Africa’s Hostility to Foreign Skills Waning? By Antony Sguazzin

Residential shacks with the Sandton financial district skyline in the background in Johannesburg, South Africa.Photographer: Waldo Swiegers/Bloomberg South Africa has one of the world’s highest unemployment rates. It also has a dire skills shortage. The two aren’t unrelated.  A South African presidency study shows that in the seven years to 2021, only 25,298 skilled-work visas were …

Briefing: the rules on returning residents with indefinite leave to remain (ILR) by Colin Yeo

Indefinite leave to remain, often referred to as “ILR”, is a type of immigration status that means a person can live and work in the UK for as long as they like, with no further need to apply for a visa extension. It is also sometimes referred to as “permanent residence” or “settled status”. It …

In pictures: The gold, grandeur, and tradition of the UK King’s Speech by Sky News

Rituals dating back centuries fill a grandiose ceremony marking the new parliamentary term. Here's a look at how it unfolded. The Imperial State Crown is carried into the House of Lords. Pic: Jonathan Brady/PA Wire The King's Speech marks the formal start of the parliamentary calendar, bringing together the monarchy, the House of Lords and …

End of Nigerian fuel subsidy set to squeeze Europe’s refiners by Shadia Nasralla

A view of the newly-commissioned Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo LONDON, July 28 (Reuters) - One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for …

Too late for Nigeria by Antony Sguazzin

President Bola Tinubu has set about reforming Nigeria’s economy at breakneck speed. For some multinationals that have suffered more than a decade of economic chaos, the measures have come too late. Procter & Gamble, GSK, Sanofi and Bayer — among the world’s biggest consumer companies — are leaving, handing over the risk of operating in Africa’s most-populous nation to …