JOHANNESBURG (Reuters) – World leaders, from U.S. President Barack Obama to Cuba’s Raul Castro, will pay homage to Nelson Mandela at a mass memorial in South Africa on Tuesday that will recall his gift for bringing enemies together across political and racial divides.
Obama and Castro, whose countries maintain an ideological enmity lasting more than 50 years, are among the designated orators at a Johannesburg soccer stadium where 23 years earlier Mandela – freshly freed from apartheid jail – was hailed by cheering supporters as the hope for a new South Africa.
JOHANNESBURG, Dec 9 (Reuters) – South Africans have flocked
to see “Mandela: Long Walk to Freedom” since the death of the
anti-apartheid hero at 95 last week, seizing what they see as a
chance to reflect on his life.
The 150-minute biopic starring British actor Idris Elba as
Mandela opened in South Africa just days before the nation’s
first black president and Nobel Peace Prize laureate died at his
Johannesburg home on Thursday.
JOHANNESBURG, Dec 6 (Reuters) – South Africa’s Bidvest
has raised its stake in drugmaker Adcock Ingram
to 6.8 percent in its effort to block a $1.2 billion
takeover bid by a Chilean firm, a regulatory filing showed on
Bidvest and its outspoken founder and chief executive Brian
Joffe are battling to keep Adcock out of the hands of
Santiago-based CFR Pharmaceuticals, which wants to
extend its reach into fast-growing Africa.
JOHANNESBURG (Reuters) – Turkcell’s (TCELL.IS: Quote, Profile, Research, Stock Buzz) $4.2 billion lawsuit against South African rival MTN Group (MTNJ.J: Quote, Profile, Research, Stock Buzz) is unlikely to be heard in a Johannesburg court before early 2015, MTN’s chief executive said on Friday.
“The initial indications – and again it’s really purely indications – (are) it probably wouldn’t get into court before early 2015,” Sifiso Dabengwa told Reuters in an interview.
JOHANNESBURG (Reuters) – Turkish mobile phone company Turkcell has taken to a South African court with its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of corruption and bribery that caused it to lose a contract in Iran.
Turkcell originally pursued the case against Johannesburg-based MTN in the United States but dropped it in May after a U.S. Supreme Court ruling in a separate case made clear that U.S. courts would not have jurisdiction in a claim involving two foreign firms in an overseas dispute.
HONG KONG/JOHANNESBURG (Reuters) – South Africa’s Standard Bank Group (SBKJ.J: Quote, Profile, Research, Stock Buzz) has agreed deals to sell its Asian loan portfolio worth around $1 billion to BNP Paribas SA BNPP.SA and others, according to two sources familiar with the matter.
Africa’s biggest bank has been looking to sell the loans, which include financing of mining projects in Mongolia, Indonesia and other countries, according to the sources, who declined to be identified because the information is not yet public.
HONG KONG/JOHANNESBURG, Oct 30 (Reuters) – South Africa’s
Standard Bank Group has agreed deals to sell its Asian
loan portfolio worth around $1 billion to BNP Paribas SA
and others, according to two sources familiar with the
Africa’s biggest bank has been looking to sell the loans,
which include financing of mining projects in Mongolia,
Indonesia and other countries, according to the sources, who
declined to be identified because the information is not yet
JOHANNESBURG/LONDON (Reuters) – British security group G4S denied that its workers had electrocuted and drugged prisoners at South Africa’s Mangaung prison, the maximum security facility it ran before the government stepped in to restore order earlier this month.
The Wits Justice Project said some prisoners were forcibly injected with anti-psychotic medication and subjected to electric shocks.
JOHANNESBURG, Oct 10 (Reuters) – Anglo American Platinum
said on Thursday it had clinched a deal with a South
African union to end a nearly two-week strike over job cuts that
hit production at the world’s top platinum producer.
Amplats, as the unit of global miner Anglo American
is known, said in a statement it would grant “voluntary
separation” packages to 3,300 employees it had previously sought
to lay off.
JOHANNESBURG (Reuters) – Shares in South African fixed-line operator Telkom SA (TKGJ.J: Quote, Profile, Research, Stock Buzz) hit their highest level in 20 months on Tuesday, after it said it was likely to report a 20 percent increase in first-half earnings, the latest sign that a turnaround is gaining momentum.
Telkom, in which the government and the state pension fund hold a combined stake of just over 51 percent, said headline earnings for the six months to end-September were set to rise more than 20 percent. The increase was partly due to lower finance charges and the fact that the previous year’s results were hit by a regulatory fine.