AFRICAN NATIONAL CONGRESS

Aussie Retail Sector Gets Boost from Global Players

S.Africa growth slows, boosts case for rate cut

South Africa's economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government's job-creation hopes.

Harmony sees no threat from PNG ownership

Gold bullion
The CEO of Harmony Gold, the world's fifth largest gold producer, said reported plans to shift mineral ownership in Papua New Guinea to local communities from the state would complicate negotiations but nationalisation was not being discussed.
Carletonville

S.Africa mine union rejects revised Implats offer

South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's second largest producer of the precious metal and will refer the dispute to arbitration.
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Strikers

S.Africa's municipal workers strike over wages

More than 200,000 South African municipal workers walked off the job on Monday, a trade union said, in a strike which intensifies labour strife that has rocked Africa's biggest economy.
ANCYL

S.Africa's ANC passes on talks to cool fiery Malema

South Africa's ruling ANC put off discussions planned for Monday to bring its Youth League leader Julius Malema to heel after the populist politician angered the party by calling for nationalisation of mines and meddling in foreign affairs.
Striking rail and port workers demanding a 15 percent increase in salary

S.Africa mines union considers new Implats pay offer

South Africa's National Union of Mineworkers said on Thursday Impala Platinum had improved its wage offer in a bid to avert a strike which could impact production at the world's second-largest producer of the precious metal.
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.

S.Africa may reopen arms deal probe, pressuring Zuma

South African police may reopen a corruption probe into a multi-billion dollar arms deal involving several companies and high profile officials including President Jacob Zuma to see if charges can be instituted a decade after the transaction.
An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6, 2011.

S.Africa's Mediator Sees Possible End to Fuel Strike

Striking workers in South Africa's petroleum sector are discussing a revised wage offer to end a three-week-old walkout as stoppages spread to the vital mining sector, threatening supplies of coal and gold.
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S.African police clash with poor protesters

South African police fired rubber bullets, live rounds and tear gas on Tuesday at demonstrators protesting against the government's delivery of basic housing and education.
South Africa's President Jacob Zuma delivers a speech at a Trade and Investment session of the G20 CEO summit in Seoul

S.Africa's Zuma to focus on cutting unemployment

South African President Jacob Zuma will use a major policy speech on Thursday to lay out his plans to create jobs in the regional economic power where unemployment has lingered at about 25 percent for years.

S.Africa state coal firm to open in Feb: official

A state-owned South African mining company likely to focus on coal and uranium will be up and running by the end of February, but much of its work will be farmed out to private firms, a senior official said on Tuesday.
Susan Shabangu

S.Africa minister sinks mining nationalisation idea

Nationalising South Africa's mines is not the option, mines minister Susan Shabangu said on Tuesday in her strongest comments in a year against an idea that has unnerved investors in Africa's biggest economy.
Nelson Mandela

Mandela hospitalized, doctors say for respiratory trouble

Former South African President Nelson Mandela was flown from Cape Town to Milipark Hospital early this week where apparently Routine tests were being conducted but a beeline of his relatives from grandchildren to great-grandchildren raised eye brows about the health of the 92-year-old anti-apartheid hero.

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