South Africa

South African police to oppose bail for Islamic State terror suspects

Photo©Schalk van Zuydam/AP/SIPASouth African police say they plan to oppose bail in the case against two brothers accused of contravening South Africa's Terrorism Act and plotting to blow up the US Embassy and Jewish institutions in that country on behalf of terror group, Islamic State (IS).

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Honouring the spirit of Mandela

Photo©Tsvangirayi Mukwazhi/AP/SIPASouth Africans on Monday commemorated Nelson Mandela Day, a day where the country puts aside its differences with people donating their time to work for the less privileged in honour of the country's first post-apartheid leader, Nelson Mandela.

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South Africa parliament vets public protector nominees

SA's outgoing public prosecutor, Thuli Madonsela. Photo©Stuart Graham/AP/SIPAA South African parliamentary committee has whittled down the number of candidates to replace the country's popular public protector Thuli Madonsela to 14 from a staggering 62 aspirants.

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South Africa opens tender for wireless broadband licenses

Photo©ReutersSouth Africa's telecoms regulator opened a tender to bid for high-speed wireless broadband licenses on Friday as it seeks to increase access to the Internet and bring down costs for consumers. The high-speed broadband, known as spectrum, has been packaged into four lots with varying frequencies.

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Chinese consortium to invest $2.8 billion in South Africa industrial zone

Photo©ReutersA group of Chinese investors will pump more than 40 billion rand ($2.81 billion) into the South African economy to build an industrial park, government said on Thursday.

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Steinhoff gets its European deal with $800m Poundland buy

South African retailer Steinhoff has agreed to pay nearly $800m for British-based discount chain Poundland. Photo: John Stillwell/AP/SIPASouth African retailer Steinhoff has agreed to pay nearly $800m for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year.

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Ghana to increase crude fuel stocks to manage shocks

File photo©Mark Lennihan/AP/SIPAGhana is planning to store large quantities of crude oil to help the country manage global price shocks and stabilise its wobbling economy, Finance minister Seth Terkper said on Tuesday.

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South Africa begins search for new public protector

Public Protector, Thuli Madonsela, addresses journalists in Johannesburg, Tuesday, June 7, 2016. Photo©Stuart Graham/AP/SIPASouth African civil society groups have submitted a list of candidates for the post of public protector to replace Thuli Madonsela who will step down in October.

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Suspected South African IS recruits face court

File photo©Seth Perlman/AP/SIPAFour suspected South African Islamic State (IS) recruits, arrested during a raid by the country's special investigations unit in Johannesburg, appeared in court on Monday.

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India's PM visit SA to drum up business

Indian Prime Minister Narendra Modi, left, and South African President Jacob Zuma, right, stand at an arrivals ceremony at the Union Buildings in Pretoria South Africa, Friday, July 8, 2016 on the second leg of his four nation African tour. Photo©Denis Farrell/AP/SIPASouth African authorities have rolled out the red carpet for visiting Indian Prime Minister, Narendra Modi, who is on an official visit to the country, with the defence forces giving him a gun salute at the seat of government, the Union Buildings in Pretoria.

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South Africa most vulnerable in sub-Saharan Africa to Brexit risks -Moody's

Photo©Yorgos Karahali/AP/SIPASouth Africa is the most exposed sub-Saharan African state to market volatility and a potential shift in investors' risk perceptions linked to Britain's decision to leave the European Union, ratings agency Moody's said on Friday.

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Higher wage demands could deepen South Africa's monetary policy dilemma

Photo©Denis Farrell/AP/SIPADemand for above-inflation pay rises in South Africa look set to aggravate the central bank's big dilemma: how to keep a lid on inflation - usually by raising interest rates - without snuffing out already slow economic growth.

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South Africa's treasury says tinkering with fiscal policy won't boost growth

Lungisa Fuzile, South Africa’s Treasury Director-General. Photo©REUTERS/Mike HutchingsSouth Africa's economy is not growing fast enough to create jobs, but tax cuts or increases in public spending are unlikely to stimulate growth, a senior Treasury official said on Tuesday.

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South Africa's Job bloodbath will continue- Cosatu

File photo©Denis Farrell/AP/SIPAMore people lost their jobs in South Africa the first quarter of the year, latest figures have revealed and this is likely to put pressure on the ruling ANC ahead of August's local elections.

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AU elects Dlamini-Zuma's successor

Nkosazana Clarice Dlamini-Zuma, African Union Commission Chairperson. Photo©Salvatore Di Nolfi/AP/SIPAAfrican leaders are set to elect the next chairperson of the African Union Commission during their meeting in Kigali, Rwanda from July 10 to 18.

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Telecoms: South Africa's MTN CFO Goschen resigns, names head of M&A

Photo©ReutersThe chief financial officer of MTN Group is to step down in September after more than a decade at Africa's biggest telecoms operator, the company said on Monday.

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South Africa clears AB InBev's takeover of SABMiller

Photo©REUTERS/Dado RuvicSouth Africa cleared Anheuser-Busch Inbev's $100 billion-plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months.

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South African regulator clears AB InBev, SABMiller merger with conditions

Photo©REUTERS/Dado Ruvic/File PhotoSouth Africa's Competition Tribunal granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the anti-trust authority said on Thursday.

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Telecoms: MTN Uganda says syndicated loan to fund 4G network expansion

Photo/Reuters/Rogan WardThe Ugandan unit of South African telecoms giant MTN Group plans to spend much of the $114 million loan it secured last month on expanding its 4G mobile broadband network, a top company executive said on Wednesday.

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Brexit to hit South Africa's slowing growth

South Africa's Finance Minister Pravin Gordhan. Photo©Schalk Van ZuydamThe governor of the South African Reserve Bank said on Tuesday that although the decision by Britain to exit the European Union would not cause a recession, already slowing economic growth would be hit.

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