Stella's Feed
Apr 30, 2015

South African tourism stung by anti-immigrant violence

JOHANNESBURG (Reuters) – South Africa’s tourism industry is likely to take a hit following a wave of xenophobic attacks this month, a setback for the country which has worked hard to clean up its image as a hub for violent crime.

Seven people have been killed in the attacks, which mostly targeted African immigrants. Police and soldiers have brought the unrest under control but the damage may already have been done for the tourism sector, which supports one in 12 jobs.

Apr 19, 2015

South Africa’s ‘Rainbow Nation’ turns dark as immigrant attacks rise

JOHANNESBURG (Reuters) – When he heard angry screams and the hammering of hatchets on the door of his shack last week, Malawian Folias Sakai thought he was about to become the eighth person to be killed in anti-immigrant attacks that have swept South Africa this month.

Instead Sakai managed to escape the mob by scrambling over the metal rooftop of his shack in a Johannesburg slum into the safety of a nearby alleyway.

Feb 25, 2015

South Africa raises income tax rates for first time in 20 years in gloomy budget

CAPE TOWN, Feb 25 (Reuters) – South Africa will increase
income tax rates for the first time in 20 years, Finance
Minister Nhlanhla Nene said in a gloomy budget speech on
Wednesday, as he cut growth forecasts for an economy beset by
chronic power shortages.

Nene also widened budget deficit estimates for Africa’s most
developed economy and said the government would have to borrow
more domestically and in global markets to plug the funding gap.

Dec 12, 2014

S.Africa’s ANC eyes state sell-off to ease power crunch

JOHANNESBURG, Dec 12 (Reuters) – Financial problems at South
Africa’s Eskom have pushed the governing ANC to look into
selling stakes in state companies to free up funds to update the
utility and ease power blackouts.

President Jacob Zuma’s African National Congress has long
been reluctant to sell company stakes to ease the strain on the
budget, for fear of upsetting powerful labour union allies who
say this would cause job losses.

Nov 11, 2014

South Africa’s ailing economy puts investment grade credit status in jeopardy

JOHANNESBURG, Nov 11 (Reuters) – South Africa risks losing
its coveted investment grade credit status within five years if
it fails to recover from an economic slump that prompted a
downgrade by Moody’s last week.

Moody’s decision piled more pressure on President Jacob
Zuma’s administration as it struggles to rein in public debt,
now nearing 50 percent of economic output, compared with about
27 percent just five years ago.

Oct 17, 2014

South Africa’s economic doldrums heighten disillusionment with ANC

JOHANNESBURG, Oct 17 (Reuters) – Finance Minister Nhlanhla
Nene will have his work cut out at next week’s budget to try and
reassure disillusioned South Africans that the government still
has gas in its tank to pull the economy out of the doldrums.

Twenty years after Nelson Mandela swept the African National
Congress to power, pledging to unleash the economy and ensure
universal access to quality education, jobs and houses, very
little of the optimism that engulfed the country then remains.

Sep 13, 2014

Pistorius found guilty of culpable homicide

PRETORIA (Reuters) – Olympic and Paralympic track star Oscar Pistorius was convicted of culpable homicide on Friday, escaping the more serious charge of murder for the killing of his girlfriend, and will now battle to avoid going to prison.

The 27-year-old double amputee, who became one of the biggest names in world athletics, stood impassively in the dock, his hands folded in front of him, as Judge Thokozile Masipa delivered her verdict.

Sep 12, 2014

Oscar Pistorius found guilty of culpable homicide

PRETORIA (Reuters) – Oscar Pistorius was convicted of culpable homicide on Friday, having escaped the more serious charge of murder for the killing of his girlfriend, and the Olympic and Paralympic track star could face a lengthy prison sentence.

The 27-year-old double amputee, who became one of the biggest names in world athletics, stood impassively in the dock, his hands folded in front of him, as Judge Thokozila Masipa delivered her verdict.

Sep 12, 2014

Pistorius due back in court for culpable homicide ruling

PRETORIA (Reuters) – Oscar Pistorius returns to court on Friday after being cleared of murdering girlfriend Reeva Steenkamp, but the South African Olympic and Paralympic sprinter could still be convicted of culpable homicide for the “negligent” shooting of the model.

The double-amputee, once one of the biggest names in world athletics, has reason to fear a guilty verdict after Judge Thokozile Masipa adjourned on Thursday seconds after saying key elements of culpable homicide were satisfied in the Valentine’s Day 2013 shooting.

Sep 12, 2014

Pistorius cleared of murder, culpable homicide verdict to come

PRETORIA (Reuters) – Oscar Pistorius was cleared on Thursday of murdering girlfriend Reeva Steenkamp but the Olympic and Paralympic track star faces a troubled night after the South African judge adjourned for the day before ruling on a charge of culpable homicide.

The double-amputee, once one of the biggest names in world athletics, has reason to fear a guilty verdict after Judge Thokozile Masipa adjourned seconds after saying key elements of the culpable homicide charge were satisfied when he shot Steenkamp dead on Valentine’s Day last year.