Current Africa News Today

S.Africa's ANC says turning to China, India
JOHANNESBURG (Reuters) - Western investors have to realise South Africa does not need their money since it can turn increasingly to fellow BRICS members India and China to fund its economic development, the Secretary-General of its ruling ANC said on Tuesday. "There is a dynamic that Western investors must wake up to," Gwede Mantashe, day-to-day head of the African National Congress, told ...

Tue, 22 May 2012 10:00:28 -0700

South Africa Department of Energy Awards Additional Large-Scale Solar Project to Consortium of SolarReserve, Kensani ...
PRETORIA, South Africa, May 23, 2012 /PRNewswire/ -- The South Africa Department of Energy (DOE) awarded an additional 88 megawatt (MWDC) photovoltaic (PV) project with preferred bidder status to the consortium ...

Wed, 23 May 2012 00:00:00 -0700

S.Africa's Sasol launches new $423 mln coal shaft
TRICHARDT, South Africa (Reuters) - Petrochemicals group Sasol, the world's top maker of motor fuel from coal, on Tuesday launched a new 3.5 billion rand shaft at its Twistdraai colliery in South Africa to extend the life of the mine beyond 2039. The new shaft, Thubelisha, in South Africa's eastern Mpumalanga province, will produce up to 10.6 million tonnes of coal per year when it reaches full ...

Tue, 22 May 2012 06:28:25 -0700

S.Africa's Mr Price FY posts in-line FY profit
JOHANNESBURG, MAY 23 - South Africa's third-largest listed clothes retailer Mr Price Group Ltd booked an expected 19 percent rise in full-year profit on Wednesday, as above-inflation wage increases and decades-low interest rates lift consumer spending. Mr Price, which caters for lower-income shoppers in Africa's top economy, said diluted headline earnings per share totalled 464.5 cents in the ...

Wed, 23 May 2012 06:18:08 -0700

Africa's Rainbow Nation troubled by racist time warp
The trial of a man found guilty of murdering white supremacist Eugene Terre'blanche saw far-right groups demonstrating across from anti-apartheid campaigners.

Wed, 23 May 2012 06:43:22 -0700