Africa
South Africa's Brian Molefe Resigns as CEO of the Public Investment Corp. Brian Molefe has resigned as Chief
Executive Officer of South Africa’s Public Investment Corp., the
continent’s biggest pension fund manager, the company said.
U.S. Will Abstain From Voting on Eskom's $3.75 Billion Loan, Minister Says The U.S. will abstain from voting
on a $3.75 billion World Bank loan requested by South Africa’s
state-owned power utility, Public Enterprises Minister Barbara
Hogan said.
South African Gold Production Falls 5.8%, Making It World's Fourth Biggest Gold production in South Africa
fell 5.8 percent in 2009 from a year earlier, making the
nation the fourth-biggest producer after China, Australia and
the U.S., an industry body said.
Nigerian Stocks Head for Biggest Weekly Gain in Seven Months, Led by Banks Nigerian stocks headed for the
biggest weekly increase in seven months, led by banking shares,
as lawmakers moved closer to passing a bill that will enable a
state-owned company to buy toxic debt from failed lenders.
Anglo American Increased CEO Carroll's Performance Bonus by 17% Last Year Anglo American Plc, which reported
a 53 percent fall in underlying profit last year, boosted Chief
Executive Officer Cynthia Carroll’s cash performance bonus 17
percent to 372,000 pounds ($563,000).
Rand Will Rally 10% by July on Soccer World Cup, Growth, RBC Capital Says The rand will rally 10 percent in
the next three months as improving economic growth in South
Africa and hosting the Fifa World Cup boosts sentiment toward
the currency, according to RBC Capital in London.
South African Equities Climb, Led by AngloGold, Harmony, Old Mutual, Sasol South Africa’s FTSE/JSE Africa All
Share Index advanced 271.38, or 1 percent, to 28,182.81 at 2:03
p.m. in Johannesburg. The measure has climbed 1 percent this
week, extending last week’s 4.3 percent rally.
Kenya Stocks Advance to a 16-Month High as Rain Boosts Agricultural Shares Kenyan stocks rose to a 16-month
high as agricultural companies led by tea and avocado grower
Kakuzi Ltd. were buoyed by heavy rains that ended more than
three years of drought.
Nigerian, Ghanaian and Ivorian Stock Exchanges Move Toward Combining The stock markets of Ghana and
Nigeria and a regional bourse based in Ivory Coast said they set
up a committee to discuss integration.
Perenco's Cameroon Unit Signs Oil Production-Sharing Deal With Government Perenco SA’s Cameroonian unit,
which plans to explore the Elombo oil block off the coast of the
Central African nation, signed a production-sharing agreement
with Cameroon’s government
Winnie Madikizela-Mandela Denies Criticizing Her ex-Husband Nelson Mandela Nelson Mandela’s ex-wife denied
giving an interview in which she was reported to have said he
betrayed South Africa’s black majority and that she couldn’t
forgive him for sharing the Nobel Peace Prize with F. W. de
Klerk, the last apartheid ruler.
Botswana Plans to Lead Appeal Against United Nations Ban on Ivory Trading Botswana and at least three other
southern African nations will appeal to the United Nations next
week to lift a ban on ivory sales, the Environment, Tourism and
Wildlife Minister Kitso Mokaila said.
South Africa's Ruling Alliance Can Find a `Balance,' President Zuma Says South Africa’s ruling alliance,
which includes the African National Congress and the Congress
of South African Trade Unions, “is able to balance” the
interests of labor unions and other members of the group, South
Africa’s President Jacob Zuma said in an interview with the
Johannesburg-based Mail & Guardian newspaper.
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