Power outages and prices have hobbled South Africa, leading to protests such as those in Johannesburg earlier in May. Power outages and prices have hobbled South Africa, leading to protests such as those in Johannesburg earlier in May. After a decade of impressive growth, Africa is now facing the burden of stagnation in its two biggest economies, dragged down by everything from … [Read more...] about Africa’s growth slows as leading economies face headwinds
Africa’s
South Africa’s Brait buys Britain’s New Look for $1.2 billion
The deal puts Brait, whose top shareholder is South African retail mogul Christo Wiese, in the middle of the crowded British high street, where New Look [NEWOON.UL] vies with Primark, part of AB Foods , giving the retailer an enterprise value of 1.9 billion pounds, which includes 1 billion pounds in debt. New Look had been eyeing a stock market listing when Brait swooped, with … [Read more...] about South Africa’s Brait buys Britain’s New Look for $1.2 billion
Death toll rises to six in S. Africa’s xenophobia violence
A foreigner has died in a xenophobia attack, bringing the death toll to six since violence erupted in late March, authorities said on Friday. The foreigner, whose name and nationality were not given, was attacked and killed after by a mob at his home in KwaZulu-Natal Province, where the latest wave of xenophobia violence first erupted on March 25. “We can now confirm that … [Read more...] about Death toll rises to six in S. Africa’s xenophobia violence
South Africa’s Power Blackouts Generate Frustration, Humor
Driving home through dead traffic lights to a half-cooked dinner is the new normal in South Africa, where rolling power blackouts have become a common drudgery. The government warns that forced outages will continue for years. Read the full article by here: Johannesburg, South Africa News Submit and get free press releases here: MyPR Free Press Release. Click HERE to submit … [Read more...] about South Africa’s Power Blackouts Generate Frustration, Humor
SUMMIT-Mixed fortunes blur idea of Africa’s collective ‘rising’
Falling commodity prices, political upheaval and simmering conflict are exposing the differing fortunes of Africa’s economies, undermining the idea that the continent of a billion people is on one collective ascent. Sub-Saharan Africa has achieved annual growth of more than 5 percent over the last decade, and foreign investment has more than quadrupled over the same … [Read more...] about SUMMIT-Mixed fortunes blur idea of Africa’s collective ‘rising’
