Mike Cohen News
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Transnet SOC Ltd.’s funding requirements for fiscal 2014 will increase 12 percent as the company invests in new infrastructure and equipment, Chief Executive Officer Brian Molefe said today.
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South Africa’s ruling African National Congress wants the identity of party donors to remain secret amid calls for more disclosure ahead of next year’s vote.
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Nigeria is targeting $10 billion of investment in farming to boost domestic food production by 2015, as Africa’s most-populous nation seeks to reduce a reliance on imports, Agriculture Minister Akinwunmi Adesina said.
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UNI Global Union, which coordinates 20 million workers worldwide, is pushing MTN Group Ltd., Africa’s biggest mobile-phone company, and others operating on the continent to sign accords to respect labor union rights.
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African governments must do more to spread the spoils of a resources boom that threatens to generate jobless growth and widen inequality, according to the Africa Progress Panel, led by former United Nations Secretary-General Kofi Annan.
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A.P. Moeller-Maersk A/S, owner of the world’s largest container line, aims to win more African port contracts after a group to which it belongs was selected to build and run a container terminal in Ivory Coast.
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Former Gold Fields Ltd. Chairwoman Mamphela Ramphele said Agang SA, a political movement she founded three months ago, has attracted 10,000 volunteers and is set on toppling South Africa’s ruling African National Congress in next year’s elections.
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Sliding prices for the commodities that have underpinned Africa’s expansion for more than a decade are threatening to check economic progress in the world’s poorest continent.
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Eighteen South Africa construction companies, including the six biggest, have admitted to price- fixing and collusion, Economic Development Minister Ebrahim Patel said.
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South Africa’s trade gap narrowed more than economists estimated in March as metal exports increased, while mineral imports, which includes oil, fell.
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