South Africa-Business | Blouin News

South Africa-Business

Africa and China’s love affair on thin ice

China’s vice foreign minister has acknowledged that the way the country’s ventures in Africa haven’t been all that respectful of the continent following criticism by the governor of the central bank of Nigeria that China’s African businesses were a type of colonialism.

P&G to open a $174M plant in South Africa
The U.S. company expects to start building the manufacturing plant next year.
- Procter & Gamble eyes SA as its African markets hub [BDLive]
- P&G’s vote of confidence in southern Africa’s consumers [FT]

Rand has weakened too much, Central Bank
South Africa's Central Bank Governor Gill Marcus said she expects inflation to come back into target bank after peaking.
- Rand may have weakened too much - Marcus [Reuters]
- Video: Interview with S. Africa's Central Bank [Bloomberg]

South Africa only grows 2.5% last year
Down from 3.5% growth in 2011.
- Business looks to Gordhan's Budget [SouthAfrica.info]
- South African economy stays sluggish [FT]

Gold Fields' Ramphele steps down
Veteran anti-apartheid activist and former World Bank managing director who chaired gold-ming company's board for past two and a half years is expected to enter politics full-time.
- Ramphele's Gold Fields resignation a possible move closer to politics [Mail & Guardian]
- Documents: Gold Fields' announcement

South Africa to stop foreigners owning land
Requirement to lease land instead is part of government's broad land reform proposals.
- Foreign nationals ‘will not own SA land’ [Business Day]
- Land audit urgently required [Mail & Guardian]

South Africa pledges $10M for Mali
African and Western nations promise more than $450 million to fund an African-led military force to fight Islamist extremists in Mali.
- SA donates over R90m to Mali [Fin24]
- Donors pledge $455M for Mali [Independent Online]

South Africa's business improves, remains low
Business confidence rose to a four month high but still not at a convincing level for investors.
- Business confidence up in December [Moneyweb]
- Business Confidence Index - Press Release [Sacci]

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