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Current Africa News Today S.Africa keen to replace Iranian crude with Nigerian CAPE TOWN (Reuters) - South Africa is looking to source more oil from Nigeria, its deputy president said on Wednesday, suggesting Pretoria is moving to cut crude imports from Iran to avoid looming U.S. sanctions. Africa's biggest economy imports a quarter of its crude from Iran, but has come under Western pressure to cut the shipments as part of sanctions designed to halt Tehran's suspected ... Wed, 23 May 2012 22:51:18 -0700 S.Africa leaves rates unchanged, CPI risks unclear JOHANNESBURG (Reuters) - South Africa's central bank left its repo rate steady as expected on Thursday, sounding a warning about the effects of a bleak global outlook on the fragile domestic economy but saying inflation was likely to moderate. Africa's biggest economy and a leading emerging market is struggling to gain traction after a 2009 recession, especially as exports to the euro zone - its ... Thu, 24 May 2012 10:26:04 -0700 SMEs are pivotal to S.Africa's jobs drive: ANC's Phosa LONDON (Reuters) - Small businesses are more important to creating jobs in South Africa than the government's huge infrastructure drive, the African National Congress' treasurer general said on Thursday, adding that the country must diversify to avoid "European flu". "I'm a believer in small and medium sized businesses. I welcome the huge infrastructure project we have, but I don't think it's ... Thu, 24 May 2012 06:25:01 -0700 Africa and Latam thirst for beer drives SABMiller LONDON (Reuters) - Strong growth in Africa and Latin America helped global brewer SABMiller offset a fall in beer drinking in Europe and North America, as the Grolsch and Peroni maker beat forecasts with a 12 percent rise in full-year earnings. The world's second biggest brewer earns 70 percent of its profit from fast-growing emerging markets, which helps insulate it from tough mature markets ... Thu, 24 May 2012 01:48:33 -0700 South Africa's new security laws: who will they protect? JOHANNESBURG (Reuters) - Concerns are growing in South Africa that new laws on intelligence, security and graft-busting may end up protecting the political elite more than the nation. President Jacob Zuma's ANC government has proposed three measures - two revisions to apartheid-era intelligence bills and a third on oversight of the police's anti-graft unit, the Hawks - that have prompted concern ... Thu, 24 May 2012 00:24:23 -0700 |
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