SOUTH AFRICA

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Santam H1 profit up, claims to hit H2 margins

South Africa's largest property and casualty insurer Santam Ltd expects underwriting margins to remain under pressure in the second half after a rise in high-value property fire claims hit first-half returns.

Sino Gold signals potential takeover

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Sino Gold Mining Ltd will make an announcement on a potential takeover transaction, it said on Wednesday, amid market talk that Canada's Eldorado Gold Corp could be a bidder.

Bharti & MTN work on finalizing deal; issues linger

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India's Bharti Airtel and South Africa's MTN hope to finalize by mid-September a deal that could lead to a full merger, with the Indian firm adding another adviser and getting closer to lining up loans, three sources said.
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Why it’s OK to go to Africa

People who've traveled through Africa almost always say it was an amazing and unforgettable experience, yet most others are still either scared or disinterested.
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What is Caster Semenya's gender? (Photos)

South African athelete, Castor Semenya, is causing much controversy in the world of athletes after she won the women's 800m at the athletics World Championships yesterday with many left wondering about her gender.
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U.K. music academy expands with Oklahoma branch

Britain's Academy of Contemporary Music is opening its first U.S. branch in Oklahoma City, with ambitious plans to enhance touring opportunities in the region, as well as educate students for a career in the music business.
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Distressed sales of global comm. properties rise-RICS

More countries are seeing a rise in distressed sales of commercial properties in the second quarter, with South Africa, the United States and New Zealand faring worst as the market downturn worsens, a report showed.
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Alien action film District 9 tops box office

District 9, a gritty, low-budget space alien movie set in South Africa with a cast of unknowns, opened as Hollywood's No. 1 film, grossing more at the box office its first weekend than it cost to make.
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District 9 Movie Trailer and Review

District 9, a movie filmed in a faux-documentary style, hit cinemas Thursday night and has been attracting great reviews from across the web.
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Mexico beats USA 2-1 at packed Azteca stadium

Mexico's national team retained its never defeated at home by the U.S title on Wednesday beating the American national team 2 to 1 in front of 100,000 at the packed Azteca stadium in Mexico City.
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Clinton to press S. Africa on Zimbabwe's Mugabe

U.S. Secretary of State Hillary Clinton will push South Africa to use its influence with neighbor Zimbabwe, while also seeking closer ties with Pretoria after strained relations with the Bush administration.
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Bharti and MTN extend M&A talks

India's Bharti Airtel and South Africa's MTN Group extended talks to combine their operations to create the world's third-largest mobile operator and analysts said Bharti might need to sweeten its offer to clinch the deal.
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Workers to strike at S.African phone group Telkom

South Africa's Communications Workers Union said scores of its members will strike for two days next week, in the latest industrial action to hit the country and pile pressure on President Jacob Zuma.
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Cory Aquino, Philippine people power heroine, dies

Corazon Aquino of the Philippines, who ousted one of the 20th Century's most corrupt dictators to become a global icon of democracy, died on Saturday after a 16-month battle against colon cancer. She was 76.
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Aquino, heroine of Philippine people power, dies

The Philippines's former President Corazon Aquino, whose people power revolution swept dictator Ferdinand Marcos from power in the Philippines, died on Saturday after a 16-month battle against colon cancer, her family said. She was 76.
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Clinton to meet Somali president in Africa trip

U.S. Secretary of State Hillary Clinton plans to meet the president of Somalia's transitional government during a seven-nation trip to Africa next week, the State Department said on Monday.

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