(The following statement was released by the rating agency) Overview -- On Oct. 12, 2012, we lowered our foreign currency long-term credit rating on the Republic of South Africa to 'BBB' from 'BBB+' to reflect the deterioration in the social and economic environment. The outlook remains negative. -- The ratings on South Africa's largest oil and chemicals company … [Read more...] about TEXT-S&P cuts Sasol Ltd ratings
reuters
Nigeria to award fixed telecom licences early next year
By Matt Smith DUBAI Oct 16 (Reuters) - Nigeria will award new licences to provide fixed-line internet services early next year as Africa's most populous country aims to transform its underdeveloped and unreliable network. Nigeria is forecast to have 120 million mobile subscribers by 2013-end, out of a population of 170 million, but its internet network is undeveloped. … [Read more...] about Nigeria to award fixed telecom licences early next year
S.African pop star guilty of drag-race child murders
JOHANNESBURG Oct 16 (Reuters) - One of South Africa's foremost hip hop musicians was convicted on Tuesday of murdering four school children while street racing, drunk and on drugs, through Soweto, bringing an end to a trial that has gripped the country for more than two years. The court found Molemo "Jub Jub" Maarohanye and his friend, Themba Tshabalala, guilty on four … [Read more...] about S.African pop star guilty of drag-race child murders
Zambia says to lift ban on new mobile phone firms
LUSAKA Oct 16 (Reuters) - Zambia plans to lift a ban on the entry of new mobile phone companies to increase competition and improve cellular service, a minister said on Tuesday. The southern African country of over 13 million people in 2009 banned additional mobile phone providers from entering until 2015, citing concerns of drawing too many players into a small market. … [Read more...] about Zambia says to lift ban on new mobile phone firms
UPDATE 1-Petropavlovsk says on track to meet gold target
* Petropavlovsk Q3 gold output rises 39 percent q-on-q * On track to produce at least 700,000 ounces in 2012 * Shares up 3 pct, outperforms FTSE 350 Mining index LONDON, Oct 16 (Reuters) - Russia-focused gold miner Petropavlovsk is on track to meet its full-year output target while keeping its costs flat, the company said on Tuesday, sending its shares up. … [Read more...] about UPDATE 1-Petropavlovsk says on track to meet gold target
