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.
Nigerian Stocks Head for Biggest Weekly Gain in Seven Months, Led by Banks Nigerian stocks headed for the
biggest weekly increase in seven months, led by banking shares,
as lawmakers moved closer to passing a bill that will enable a
state-owned company to buy toxic debt from failed lenders.
Anglo American Says Oppenheimer Uses Stake as Security for Loan Facility Anglo American Plc, owner of stakes
in the world’s biggest diamond and platinum producers, said E
Oppenheimer & Son International Ltd. used 27.3 million shares in
the mining company as security for a loan facility.
Rand Snaps Two-Day Slide Versus Dollar as Prices of Precious Metals Gain South Africa’s rand snapped a two-
day decline against the dollar as precious metals prices
advanced, boosting prospects for earnings from the country’s
biggest sources of foreign revenue.
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.
Nigerian Regulator to Act on Stock Market Rule Breaches That Led to Crash The Nigerian Securities and
Exchange Commission will act against people it has identified
who broke market rules and helped cause a stock market crash
last year, Lanre Oloyi, a spokesman for the regulator, said by
phone from Abuja today.
South Africa's Economy Will Make a `Subdued' Recovery, Central Bank Says South Africa’s the economy will
probably make a “relatively subdued” recovery following the
first recession in 17 years, said the central bank’s chief
economist, Monde Mnyande.
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.
Winnie Madikizela-Mandela Denies Criticizing Her ex-Husband Nelson Mandela Nelson Mandela’s ex-wife denied
giving an interview in which she was reported to have said he
betrayed South Africa’s black majority and that she couldn’t
forgive him for sharing the Nobel Peace Prize with F. W. de
Klerk, the last apartheid ruler.
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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