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7 Feb 2012 at 6:12pm
Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent, the World Bank said Tuesday.
7 Feb 2012 at 1:06pm
South Africa on Tuesday ruled out nationalising its key mining industry in a reassurance to jittery investors and a blow to those in the ruling ANC calling for a state takeover.
9 Feb 2012 at 1:15am
JOHANNESBURG (Reuters) - South Africa's rand held firm against the dollar on Thursday but government bonds retreated as investors priced in the chance of interest rates rising by year-end, with most of the selling coming at the shorter end of the curve. The yield on the three year benchmark added 2.5 basis points to 6.605 percent, its highest since January 27, and that for the longer-dated 2026 ...
7 Feb 2012 at 8:49am
JOHANNESBURG (Reuters) - ArcelorMittal South Africa slid into a full-year loss on the back of higher raw material costs, lower output and weaker sales and warned that a pick-up in demand from key construction industry customers has yet to materialise. Chief Executive Nonkululeko Nyembezi-Heita said restocking and lower input prices would bring a significant turnaround in earnings for the first ...
7 Feb 2012 at 4:15pm
CAPE TOWN, South Africa -(Dow Jones)- Anglo Australian miner Rio Tinto PLC (RIO, RIO.AU, RIO.LN) sees Africa as a key component of its global growth strategy, the head of its energy division said Tuesday.
7 Feb 2012 at 11:55pm
WASHINGTON (Reuters) - South African grocer Shoprite spends $20,000 a week in import permits to truck meat, milk and other goods to its stores in neighboring Zambia. One of its trucks may need as many as 1,600 documents to cross a border in southern Africa. Another major South African retailer Woolworths pays full tariffs to transport food and clothing to its franchise stores within the Southern ...
8 Feb 2012 at 1:46am
NEW DELHI (Reuters) - India's Bharti Airtel Ltd disappointed investors by posting its eighth straight quarter of falling profits as the world's No. 5 mobile carrier by subscribers was hit by higher tax and interest costs, though its nascent but key Africa business improved. Shares in Bharti, nearly a third owned by Southeast Asia's biggest phone firm SingTel, fell as much as 6.5 percent on ...
8 Feb 2012 at 3:56am
The West's increasing pressure on Iran has meant scrutiny for South African businesses that operate in the Middle Eastern nation accused of having nuclear ambitions.South African-Iranian political ties ...
8 Feb 2012 at 7:39am
JOHANNESBURG, FEB 8 - South Africa's Pick n Pay said on Wednesday its chief executive would step down at the end of this month, leaving the nation's No.2 grocer as it faces increased competition from Wal-Mart. Nick Badminton, who has been the CEO of the Cape Town-based company for five years, said he was stepping down to spend time with his family. "I think that it's a good time for me to take a ...
7 Feb 2012 at 4:14am
PRETORIA (Reuters) - South Africa's official jobless rate eased to 23.9 percent of the labour force in the fourth quarter of 2011 from 25.0 percent in the third as new jobs were added in the trade, social services and manufacturing sectors, a survey showed on Tuesday. But growth in Africa's largest economy still remains far below the levels needed to make a significant dent on unemployment, one ...
Africa - Yahoo! News Search Results