Africa
South Africa's Brian Molefe Resigns as CEO of the Public Investment Corp. Brian Molefe has resigned as Chief
Executive Officer of South Africa’s Public Investment Corp., the
continent’s biggest pension fund manager, the company said.
U.S. Will Abstain From Voting on Eskom's $3.75 Billion Loan, Minister Says The U.S. will abstain from voting
on a $3.75 billion World Bank loan requested by South Africa’s
state-owned power utility, Public Enterprises Minister Barbara
Hogan said.
South African Gold Production Falls 5.8%, Making It World's Fourth Biggest Gold production in South Africa
fell 5.8 percent in 2009 from a year earlier, making the
nation the fourth-biggest producer after China, Australia and
the U.S., an industry body said.
ANC's Mantashe Says Party is Happy With Finance Minister Gordhan's Budget South Africa’s ruling African
National Congress is “happy” with the national budget outlined
by Finance Minister Pravin Gordhan last month, according to the
party’s secretary general, Gwede Mantashe.
Anglo American Increased CEO Carroll's Performance Bonus by 17% Last Year Anglo American Plc, which reported
a 53 percent fall in underlying profit last year, boosted Chief
Executive Officer Cynthia Carroll’s cash performance bonus 17
percent to 372,000 pounds ($563,000).
Rand Will Rally 10% by July on Soccer World Cup, Growth, RBC Capital Says The rand will rally 10 percent in
the next three months as improving economic growth in South
Africa and hosting the Fifa World Cup boosts sentiment toward
the currency, according to RBC Capital in London.
South African Equities Climb, Led by AngloGold, Harmony, Old Mutual, Sasol South Africa’s FTSE/JSE Africa All
Share Index advanced 271.38, or 1 percent, to 28,182.81 at 2:03
p.m. in Johannesburg. The measure has climbed 1 percent this
week, extending last week’s 4.3 percent rally.
Kenya Stocks Advance to a 16-Month High as Rain Boosts Agricultural Shares Kenyan stocks rose to a 16-month
high as agricultural companies led by tea and avocado grower
Kakuzi Ltd. were buoyed by heavy rains that ended more than
three years of drought.
Nigerian, Ghanaian and Ivorian Stock Exchanges Move Toward Combining The stock markets of Ghana and
Nigeria and a regional bourse based in Ivory Coast said they set
up a committee to discuss integration.
Eaagads Shares in Kenya Rise to a Nine-Month High as Cedarsoc Buys a Stake Eaagads Ltd. rose to a nine-month
high after Cedarsoc, a Mauritian company, said today it would
purchase a 62 percent stake in the Kenyan grower and seller of
coffee products.
ANC Says Attempts to Bar Singing Kill the Boer Song Seek to Erase History South Africa’s ruling African
National Congress won’t ban members from singing a song that’s
been described as an incitement to kill white farmers, arguing
it’s synonymous with the struggle against white minority rule.
Botswana Plans to Lead Appeal Against United Nations Ban on Ivory Trading Botswana and at least three other
southern African nations will appeal to the United Nations next
week to lift a ban on ivory sales, the Environment, Tourism and
Wildlife Minister Kitso Mokaila said.
South Africa's Ruling Alliance Can Find a `Balance,' President Zuma Says South Africa’s ruling alliance,
which includes the African National Congress and the Congress
of South African Trade Unions, “is able to balance” the
interests of labor unions and other members of the group, South
Africa’s President Jacob Zuma said in an interview with the
Johannesburg-based Mail & Guardian newspaper.
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