South Africa: Latest News
Dana Sanchez, 4:18 pm
The National Union of Mineworkers demands a 13 percent wage increase, while the company has offered 6 percent, according to the union. Workers are also seeking more leave.
Dana Sanchez, 2:36 pm
Chevron South Africa’s 96,000-square-foot building in Century City, Cape Town, achieved a five star green star design rating. This indicates a shift in mindset towards green business practices from one of the leading refiners and marketers of petroleum products in South Africa, according to a report.
Barbara Bean-Mellinger, 2:03 pm
Partnering with existing businesses made Mahindra’s entry into some new African markets quicker and easier, according to a report. Mahindra operates in 30 African countries with automotive in 25.
Barbara Bean-Mellinger, 12:45 pm
There is a big opportunity to sell cruise travel in South Africa with Durban being home to a burgeoning cruise industry, says KwaZulu-Natal tourism director Ndabo Khoza.
Dana Sanchez, 9:55 am
Selling merchandise outside Mandela’s heart clinic, an entrepreneur said, “The old man is still fighting for us while he is lying there, you know.”
Dana Sanchez, 5:04 pm
Old Mutual, which started in South Africa more than 100 years ago, is building its operations on the continent as emerging markets contribute the bulk of the insurer’s earnings.
Dana Sanchez, 2:54 pm
Malaysia’s Rimbunan Kaseh project is a model community of 100 affordable homes with a creative, closed-loop agricultural system designed to provide food and supplementary income for resident villagers. It would work well in Africa, Iris Corp. says.
Makula Dunbar, 12:13 pm
Sunday June 30 President Obama spoke at the University of Cape Town where he announced the U.S.’s pledge to support power sector stability across Africa.
Dana Sanchez, 10:36 am
Obama talked about the right things and settled questions about his administration’s commitment to Africa, said Tanzanian political columnist Jenerali Ulimwengu. But Ulimwengu cautioned Africans to watch out for their own interests as they accept more investment from the U.S., China and others.
Dana Sanchez, 2:46 pm
The return on investment in Africa is always very high, says Aliko Dangote, Africa’s richest billionaire. “You are talking about 30 percent and above. And I don’t really believe that anybody who is serious about business should miss out.”
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