South African President Jacob Zuma said the government must push for increased black ownership of the continent’s biggest economy, signaling his policy focus as he prepares for a second term in office.
Sprawled on a faded black two-seater couch covered with cigarette burns, Eva Matthys, 72, is instructing her 13-year-old granddaughter on how to cook minced lamb -- for 12. That’s how many family members share the government-subsidized house in Brandvlei, a town in South Africa’s Northern Cape province.
Wesizwe Platinum Ltd. is considering the disposal of its minority stake in Platinum Group Metals Ltd.’s Maseve mine as it focuses on developing its Bakubung project, Chief Executive Officer Jianke Gao said.
Barclays Africa Group Ltd. is outperforming its South African peers for the first time in three years after backing out of a chase for market share in unsecured lending helped stem bad loans and boost profit.
Almost half of South Africans say the country is moving in the wrong direction because of concerns about the cost of living and the ability to encourage international investment, according to a survey by research company Ipsos.
Incensed over the lack of electricity, water and houses that endures two decades after apartheid ended in South Africa, shantytown residents near Pretoria rioted, torching a community hall, library and clinic.