Latest news about Africa
South Africa Should Abolish Black Mine Ownership Requirements, SACP Says
South Africa should remove black ownership targets for mining companies as it amends mining laws, South African Communist Party Deputy General Secretary Jeremy Cronin said.
7 Sep 2010, 9:12 am | click here to view more
South Africa Sees `No Reason' Not to Provide More Eskom Loan Guarantees
South Africa’s government sees “no reason” for Eskom Holdings Ltd. not to receive additional debt guarantees if the state-owned power utility requires it, National Treasury Director General Lesetja Kganyago said.
7 Sep 2010, 8:42 am | click here to view more
South Africa Will `Shoot Itself in Foot' With Inflow Taxes, Kganyago Says
South Africa’s National Treasury Director-General Lesetja Kganyago said he doesn’t look the “economics” of imposing a tax on foreign capital inflows to curb the rand’s gains.
7 Sep 2010, 7:27 am | click here to view more
South Africa Has Failed in Its Transformation Efforts, ANCYL's Malema Says
South Africa’s government has failed in its effort to restructure the economy and it remains the same structure as during the apartheid era, Julius Malema, the president of the youth league of the ruling African National Congress, said at a conference in Johannesburg today.
7 Sep 2010, 5:57 am | click here to view more
South Africa's Interest Rate Cut May Not Satisfy Demands for Weaker Rand
South Africa’s central bank will probably clip its key interest rate tomorrow after the inflation rate slid to a four-year low. That’s unlikely to satisfy demands from labor unions and exporters for action to weaken the rand.
7 Sep 2010, 5:27 pm | click here to view more
South Africa Looking at `Best Mechanism' to Tackle Foreign Capital Inflows
South Africa is looking for the “best mechanism” to deal with rising foreign capital inflows that are fuelled by carry-trade investors, said Ismail Momoniat , the deputy director general of the National Treasury.
7 Sep 2010, 4:59 am | click here to view more
South Africa Must Consider Nuclear to Supply Nation's Growing Energy Needs
South Africa must consider using nuclear fuel to meet the country’s power needs, Energy Minister Dipuo Peters said.
7 Sep 2010, 4:42 am | click here to view more
Africa: Continent's Uphill Climb to the Millennium Development Goals
Africa is facing big challenges in achieving the world's anti-poverty Millennium Development Goals (MDGs). The overall statistics may be sobering, but some countries are showing bright spots of progress. Africa Renewal sums up the success and the challenges.
7 Sep 2010, 3:24 am | click here to view more
South Africa's Expansionary Fiscal Policy Is on a ``Sustainable Footing''
South Africa’s expansionary fiscal policy is on a “sustainable footing,” Deputy Finance Minister Nhlanhla Nene said.
7 Sep 2010, 3:12 am | click here to view more
South Africa in Talks With China Over Grain Plants, Business Day Reports
South Africa is in talks with China over setting up processing plants to turn corn into cattle and poultry feed before exporting it to the Asian country, Johannesburg’s Business Day newspaper said, citing Tina Joemat- Pettersson, South Africa’s agriculture minister.
7 Sep 2010, 12:57 am | click here to view more