Africa: Barclays Slashes Stake in South African Unit:
Africa: Barclays Slashes Stake in South African Unit:
Dar es Salaam/London – British banking giant Barclays PLC said yesterday it has further reduced its stake in its South African operations as part of a global strategic re-think unveiled last year. Barclays said in a statement that it had placed a stake of 33.7 per cent in Barclays Africa with institutional investors, raising some 2.224 billion .
Africa: Why No Lift-Off for Africa’s Branch of the Brics Bank?:
The BRICS New Development Bank would open its Africa Regional Centre in Johannesburg in March 2016, South Africa's then finance minister Pravin Gordhan confidently announced in February that year. 'This initiative gives impetus to our role as a financial centre for Africa, and will facilitate access to global finance by African investors and institutions,' he said in his national budget speech.
South Africa: Land, Law and Decades of Devastating Douchebaggery:
The struggle of the black working class majority of Freedom Park, South Africa, is not just for land on which to build housing – although that is obviously a central issue and key demand; nor is it just against the accompanying political and police violence and intimidation. It is a struggle against the injustice, violence and corruption of a system that puts the power, privileges and profits of a few before the lives and wellbeing of the majority.
City of Jo’burg intervenes to have evicted occupiers returned to Prasa-owned land:
The City of Johannesburg has obtained an order from the Johannesburg high court allowing occupiers in Newtown to return to land owned by the Passenger Rail Agency of South Africa after they were violently evicted earlier today . The evictions were carried out by the Red Ants on the basis of a court order by the Johannesburg high court on July 28 2015.
Home talent Pattison to lead Edcon:
South Africa's troubled retailer, Edcon Group, said on Thursday that it would appoint Grant Pattison, the former Massmart boss, as its new chief executive next February in a vote of confidence for home grown talent. South African-born Pattison has been tasked with implementing the group's strategy, revitalising CNA, growing Edcon's cellular business and growing the company in South Africa and the rest of the African continent.
South African opposition leader barred entry to Zambia:
Supporters of Zambian President Edgar Lungu react while supporters of Zambia's opposition leader, Hakainde Hichilema, picket alongside Democratic Alliance members outside the High Commission of Zambia, in Pretoria, South Africa, Friday May 26, 2017. The leader of South Africa's main opposition party on Friday sharply criticized Zambian officials who denied him entry to their country as he tried to show support for a jailed opposition leader.
Will SA be the first African country to pass effective laws to end prostitution?:
“Prostitution helps perpetuate men's violence against women and girls by objectifying women and undermining gender equality.” While it is widely acknowledged that existing laws governing prostitution in South Africa have done little for the well-being of people in prostitution in this country, it has still taken several years for any progress to be made regarding the amendment of laws pertaining to the sex trade.
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