Tokyo Banking Correspondent
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Mar 12, 2013

S.Africa’s Naspers buys 18 pct stake in Russia’s Avito

JOHANNESBURG/MOSCOW, March 12 (Reuters) – South African
media and e-commerce firm Naspers Ltd bought an 18.6
percent stake in Russian internet rival Avito Holdings with an
agreed merger of their local classified businesses and $50
million in cash.

Naspers said it planned to merge its Slando and OLX Russian
units into Avito and has injected $50 million to create a more
powerful presence in Europe’s largest internet market.

Feb 21, 2013

Pistorius case embarrasses South African police again

JOHANNESBURG (Reuters) – For the second time in six months, South Africa’s police have won themselves global attention for all the wrong reasons.

The lead detective in the Oscar Pistorius murder investigation was taken off the case on Thursday after it emerged he was facing seven attempted murder charges for opening fire on a minibus full of passengers.

Feb 20, 2013

Witness heard “non-stop shouting” from Pistorius home

PRETORIA, Feb 20 (Reuters) – A witness heard “non-stop shouting” coming from the home of Paralympic track star Oscar Pistorius shortly before his girlfriend was shot dead, the lead detective in the murder investigation said on Wednesday.

Warrant officer Hilton Botha, a detective with 24 years on the force, also told the Pretoria magistrates court that Pistorius’ girlfriend, model and law graduate Reeva Steenkamp, was hit by three bullets, in the head, elbow and hip.

Feb 20, 2013

Pistorius shot girlfriend through door – prosecutor

PRETORIA (Reuters) – “Blade Runner” Oscar Pistorius put on his artificial legs and walked across his bedroom before firing four shots through a locked toilet door, killing his cowering girlfriend in cold blood, prosecutors said on Tuesday.

Reeva Steenkamp, a 30-year-old law graduate and model, died after being hit by three rounds from a 9-mm pistol, prosecutor Gerrie Nel said.

Feb 19, 2013

Blade Runner Pistorius in court for murder bail hearing

PRETORIA (Reuters) – “Blade Runner” Oscar Pistorius, the South African double amputee who became one of the biggest names in world athletics, arrived in court on Tuesday to apply for bail after being charged with murdering his girlfriend.

The arrest of the 26-year-old Olympic and Paralympic sprinter stunned millions across the world who held him up as a hero for triumphing over adversity to compete with able-bodied athletes at the highest level of sport.

Feb 15, 2013

Pistorius charged with murder, sobs in court

PRETORIA (Reuters) – South African ‘Blade Runner’ Oscar Pistorius, a double amputee who became one of the biggest names in world athletics, broke down in tears on Friday after being formally charged in a Pretoria court with the murder of his girlfriend.

Dressed in a dark suit, the 26-year-old Olympic and Paralympic superstar stood with head bowed in front of magistrate Desmond Nair to the hear the charge of one count of murder read out.

Feb 15, 2013

‘Blade Runner’ Pistorius charged with murder, sobs in court

PRETORIA, Feb 15 (Reuters) – South African ‘Blade Runner’ Oscar Pistorius, a double amputee who became one of the biggest names in world athletics, broke down in tears on Friday after being formally charged in a Pretoria court with the murder of his girlfriend.

Dressed in a dark suit, the 26-year-old Olympic and Paralympic superstar stood with head bowed in front of magistrate Desmond Nair to the hear the charge of one count of murder read out.

Jan 14, 2013

Amplats may sell Union mine in S.Africa review-source

JOHANNESBURG, Jan 14 (Reuters) – South Africa’s Anglo
American Platinum is likely to sell or shut its Union
mine as part of a review of its platinum business by parent
Anglo American, a person familiar with the matter said.

Anglo American will announce a revival plan for its platinum
arm Amplats on Tuesday, a spokeswoman said. The world’s top
producer of the precious metal also said on Monday it likely
fell to a full-year loss because of costly strikes.

Dec 16, 2012

Labour leader turned tycoon Ramaphosa eyes S.Africa political comeback

JOHANNESBURG, Dec 16 (Reuters) – Anti-apartheid hero turned
businessman Cyril Ramaphosa offers South Africa talent and
experience as deputy leader of the ruling ANC, but his bid for
office shows that a new, black elite is struggling to rally the
century-old party’s impoverished base.

Ramaphosa confirmed on Sunday he will challenge for the No.2
post at this week’s party conference. But it remains to be seen
whether a man who retreated from public life to make a fortune
in investments can fire up enthusiasm among the millions of poor
disillusioned by broken promises in 18 years of majority rule.

Nov 12, 2012

South Africa’s Vodacom looking for sub-Saharan acquisitions

JOHANNESBURG (Reuters) – Vodacom (VODJ.J: Quote, Profile, Research, Stock Buzz) is looking for acquisitions in sub-Saharan Africa, a sign the South African mobile operator aims to be a bigger player in the fast-growing continent.

The unit of British operator Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) also reported a 22 percent rise in first-half profit on Monday, helping its shares to a record high.

    • About David

      "David Dolan covers banks, consumer lenders and financial regulation in the world's second-largest economy. Before that, he covered Tokyo's stock market for Reuters and also did reporting stints on Capitol Hill and Chicago's City Hall. He was born in Ireland and grew up in Chicago."
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