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Jun 29, 2012

Inequality poses “grave threat” to South Africa: Zuma

JOHANNESBURG (Reuters) – South Africa’s ruling ANC will push for greater state involvement in mining and land ownership to address inequalities inherited from apartheid that pose a “grave threat” to Africa’s biggest economy, President Jacob Zuma said on Friday.

Speaking at the end of a week-long African National Congress (ANC) policy meeting, Zuma said the capitalists who became rich under white-minority rule still held a disproportionate sway over the economy 18 years after its demise.

Jun 29, 2012

Inequality poses “grave threat” to S.Africa – Zuma

JOHANNESBURG, June 29 (Reuters) – South Africa’s ruling ANC
will push for greater state involvement in mining and land
ownership to address inequalities inherited from apartheid that
pose a “grave threat” to Africa’s biggest economy, President
Jacob Zuma said on Friday.

Speaking at the end of a week-long African National Congress
(ANC) policy meeting, Zuma said the capitalists who became rich
under white-minority rule still held a disproportionate sway
over the economy 18 years after its demise.

Jun 26, 2012

South Africa must reform white-dominated economy: Zuma

JOHANNESBURG (Reuters) – South Africa’s economy is still largely under the control of whites who held power under apartheid, President Jacob Zuma said on Tuesday, and he called for a “dramatic shift” to redress the wealth balance more evenly in favor of the black majority.

Such calls have been a staple of ANC strategy documents for years and Zuma’s policy speech comes months before he will seek re-election as leader of the faction-ridden movement in December. He has also been facing demands from the party’s youth wing to nationalize mines and seize white-owned farmland.

Jun 26, 2012

S. Africa must reform white-dominated economy-Zuma

JOHANNESBURG, June 26 (Reuters) – South Africa’s economy is
still largely under the control of whites who held power under
apartheid, President Jacob Zuma said on Tuesday, and he called
for a “dramatic shift” to redress the wealth balance more evenly
in favour of the black majority.

Such calls have been a staple of ANC strategy documents for
years and Zuma’s policy speech comes months before he will seek
re-election as leader of the faction-ridden movement in
December. He has also been facing demands from the party’s youth
wing to nationalise mines and seize white-owned farmland.

Jun 26, 2012

Whites still mostly control South Africa economy: Zuma

JOHANNESBURG (Reuters) – South Africa’s economy is still mostly under the control of whites who held power under apartheid and the government needs to take more drastic steps to make sure the black majority can benefit from its wealth, President Jacob Zuma said on Tuesday.

Zuma, speaking at the start of a major policy meeting of his ruling African National Congress, said the challenges of poverty, unemployment and inequality posed long-term risks for Africa’s richest country 18 years after the end of apartheid.

Jun 26, 2012

Whites still mostly control S.Africa economy -Zuma

JOHANNESBURG, June 26 (Reuters) – South Africa’s economy is
still mostly under the control of whites who held power under
apartheid and the government needs to take more drastic steps to
make sure the black majority can benefit from its wealth,
President Jacob Zuma said on Tuesday.

Zuma, speaking at the start of a major policy meeting of his
ruling African National Congress, said the challenges of
poverty, unemployment and inequality posed long-term risks for
Africa’s richest country 18 years after the end of apartheid.

Jun 15, 2012

Two men in a boat bridge South Africa race gap

JOHANNESBURG (Reuters) – One is white and the offspring of a South African yachting great. The other is black and hails from a shantytown set up by the defunct apartheid regime as a ghetto.

Together, Roger Hudson and Asenathi Jim are the South African entry for the two-man 470 sailing event at the London Olympics. They see themselves as symbols of the multi-racial country former President Nelson Mandela was trying to forge.

Jun 15, 2012

Olympics-Two men in a boat bridge South Africa race gap

JOHANNESBURG, June 15 (Reuters) – One is white and the
offspring of a South African yachting great. The other is black
and hails from a shantytown set up by the defunct apartheid
regime as a ghetto.

Together, Roger Hudson and Asenathi Jim are the South
African entry for the two-man 470 sailing event at the London
Olympics. They see themselves as symbols of the multi-racial
country former President Nelson Mandela was trying to forge.

Jun 1, 2012

EU cautions S.Africa’s ANC on “Look East” policy

JOHANNESBURG (Reuters) – South Africa’s ruling African National Congress (ANC) is walking a precarious path if it pursues policies shunning the West in favour of fellow BRICS members India and China to fund its development, Europe’s envoy to Pretoria said on Friday.

The ANC, which has ruled since apartheid ended in 1994, has sent mixed messages to Western powers about how welcome their capital is in Africa’s largest economy, with a top official last week saying they were dropping in importance.

May 29, 2012

S.Africa’s telescope success may threaten gas plans

JOHANNESBURG, May 29 (Reuters) – South Africa’s winning the
rights to host the bulk of the world’s biggest radio telescope
looks set to clash with plans to use the high-pressure pumping
method fracking, which can cause earth tremors, to extract gas
from its vast shale deposits.

Last week, South Africa won the rights to locate about 70
percent of the “Square Kilometre Array” (SKA), a $2 billion
project capable of detecting signs of extraterrestrial life in
the far reaches of the universe.