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Africa
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Current Africa News Today Africa losing out on billions in trade: World Bank 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. Tue, 07 Feb 2012 16:12:29 -0800 South Africa unloved at its own mining party CAPE TOWN (Reuters) - The industry executives who pile into Cape Town every year for the annual African mining conference love the sun, wine and stunning mountain backdrop the venue provides. But South Africa's once towering mining industry is no draw and investors flocking to the "Indaba", as it is called, have their sights set on alluring prizes elsewhere on the continent. ... Thu, 09 Feb 2012 02:55:37 -0800 South Africa rules out nationalising key mining industry 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. Tue, 07 Feb 2012 11:06:17 -0800 ArcelorMittal S.Africa wary on core market recovery 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 ... Tue, 07 Feb 2012 06:49:03 -0800 S.Africa bonds weaken on rates expectations, rand firm 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 ... Wed, 08 Feb 2012 23:15:20 -0800 |
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