SOUTH AFRICA

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S.Africa to build new nuclear plants

South African energy minister Dipuo Peters said on Thursday she had signed off on a proposal for new nuclear power plants, likely worth tens of billions of dollars, and said it would be presented to cabinet soon.

S.Africa bonds turn firmer, stocks jump nearly 2 pct

A file picture shows the South African twenty rand note.
South Africa's government bonds reversed losses on Thursday and yields fell as investors drifted back into local debt to snap up bargains following a couple of days of heavy selling when risk aversion hit emerging markets.

S.Africa's Zuma asks for new probe of arms deal

South Africa's President Jacob Zuma gives a statement after meeting with Libyan leader Muammar Gaddafi at Gaddafi's Bab al-Aziziya residence in Tripoli April 10, 2011.
South African President Jacob Zuma will appoint a commission to investigate a multi-billion dollar arms deal, his office said on Thursday, in a new probe into corruption allegations against several companies and top officials including Zuma himself.
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Express Scripts to buy Medco for $29 billion

S.Africa's Aspen earmarks $800 mln for M&A

South Africa's Aspen Pharmacare could spend some $800 million on acquisitions, its deputy CEO said, as Africa's biggest generic drugs maker looks for further targets, particularly in Latin America.
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S.Africa rand steadies after sharp fall, bonds mixed

South Africa's rand steadied against the dollar on Tuesday after falling more than 2.6 percent overnight, while bonds also recouped some losses although local assets remained vulnerable to renewed global risk aversion.
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S.Africa's Malema found guilty of hate speech

South Africa's firebrand ANC Youth League leader Julius Malema was found guilty on Monday of hate speech for singing an apartheid-era song that called for the killing of white farmers.
Julius Malema

Julius Malema: South Africa's Malcolm X

South African politician Julius Malema was found guilty of hate speech charges on Monday, but the crime will do little to stop the controversial leader's rise. Malema is one of South Africa's most polarizing figures, and he may well be the country's future.
Zuma and Mogoeng

South Africa's Zuma Appoints 'Rapist Lenient' Judge

South African President Jacob Zuma appointed evangelical pastor Mogoeng Mogoeng to the Chief Justice position on Thursday. But, the choice of Mogoeng, who will now hear the country's Constitutional Court, has already sparked fury in some South Africans.
Global Competitiveness Index

U.S. Tumbles to 5th in Global Competitiveness Ranking

The Global Competitiveness Index (GCI) published by the World Economic Forum, which ranks the world's most competitive economies, has pushed the U.S. down the list to a No. 5 spot. Escalating government debts and declining faith of the public in its administration were cited as the critical factors that contributed to the plunge of the country which was No. 1 in 2008 and No. 4 last year.

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