JOHANNESBURG (Reuters) – After a rocky start, South African President Jacob Zuma enters his third year in office with a firm grip on power and grand plans to transform Africa’s largest economy.
Investors worry that the government’s call to end corruption will be given lip service, with Zuma doing little to end deals that critics say benefit his allies in the ANC and in business.
JOHANNESBURG, Dec 21 (Reuters) – South Africa’s largest and
most politically connected labour federation COSATU will meet
U.S. retailer Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz) to set terms for its operations
in Africa’s largest economy, a top union official said.
The world’s biggest retailer said in November it would pay
$2.3 billion for a controlling stake in local retailer Massmart
(MSMJ.J: Quote, Profile, Research, Stock Buzz), giving it a substantial presence in South Africa and
paving the way for further expansion across the continent.
PRETORIA, Dec 14 (Reuters) – South Africa and oil-producing
Angola took a step away from decades of friction on Tuesday by
signing an energy deal during the first state visit of Angola’s
long-standing leader to the regional economic power.
South Africa is looking for new sources of oil to help power
the continent’s leading economy and has eyed Angola — Africa’s
second-biggest oil producer — as a potential new supplier.
JOHANNESBURG (Reuters) – The soccer World Cup helped to rebrand South Africa but brought in far less money than anticipated, officials said on Monday.
Tourism during the June-July tournament brought in some 3.6 billion rand ($519.6 million), far less than the government had initially expected, Tourism Minister Marthinus van Schalkwyk told reporters.
JOHANNESBURG, Dec 6 (Reuters) – The soccer World Cup helped
to rebrand South Africa but brought in far less money than
anticipated, officials said on Monday.
Tourism during the June-July tournament brought in some 3.6
billion rand ($519.6 million), far less than the government had
initially expected, Tourism Minister Marthinus van Schalkwyk
JOHANNESBURG, Oct 4 (Reuters) – South African prosecutors
brought terrorism charges against Nigerian militant leader Henry
Okah at a court in Johannesburg on Monday for a deadly bomb
blast in the Nigerian capital.
A lawyer for Okah, who now lives in South Africa, has denied
his involvement in the explosion of two car bombs near a parade
in Abuja marking Nigeria’s 50th anniversary of independence on
Friday, killing at least 10 people and injuring 36, according to
JOHANNESBURG, Oct 4 (Reuters) – Nigerian militant leader
Henry Okah appeared in a Johannesburg court on Monday after he
was arrested at the weekend by South African authorities for
suspected links to a deadly bombing in Abuja.
A prosecutor told the court the state is considering
charging Okah with a terrorist act and the detonation of an
explosive device. The court is considering a prosecutors’
request to postpone a bail hearing until Oct. 14.
DURBAN, Sept 24 (Reuters) – South African President Jacob
Zuma sought to ease tensions with his rivals by saying the
government would study their proposal to nationalise the
But he also warned them they would be punished if they
bucked his authority.
Speaking on Friday at the end of a week-long meeting of the
ruling African National Congress, Zuma made concessions to the
ANC’s Youth League and his labour union allies by pledging to
examine some of their left-leaning policies. The groups had said
they may not support him for a second term.
DURBAN (Reuters) – South Africa’s ruling ANC agreed to explore greater state control of the mining sector, but made no shift in economic policy at one of the party’s biggest meetings in years, President Jacob Zuma said on Friday.
Zuma has been under pressure on nationalization from union allies and from the youth wing of his African National Congress so the move to study taking over mines could be an attempt to mend fences within the governing coalition.
DURBAN, Sept 24 (Reuters) – South Africa’s ruling ANC will
investigate ways for the state to take greater control of the
country’s mining industry, a senior party official said on
South African Planning Minister Trevor Manuel, a member of
the African National Congress’ decision-making national
Executive Committee (NEC), told reporters that a decision on
increased control of mines could be taken in 2012.