The world's second-biggest brewer SABMiller is to sell 10 percent of its South African unit to black investors in a deal worth $750 million to meet the country's affirmative action rules.
Mobile operators seeking the
Anglo American is building its defenses against a 41 billion pound ($67.74 billion) merger approach from Xstrata by plotting talks about a major Chinese investment, the Sunday Telegraph reported.
In the semi final match of the Confederations Cup 2009, Brazil beat South Africa 1-0, scoring the winning goal in the 87th minute.
Being able to use a mobile phone for money transfers, bill payments and even savings would give some of the world's poorest people the chance to become part of the financial system, telecom providers and bankers have said.
Shares in Anglo American Plc, which rejected a $68 billion merger approach from rival Xstrata Plc, edged higher on Tuesday on market talk of a possible bid from Aluminum Corp of China (Chinalco), dealers said.
Anglo American rejected rival mining group Xstrata's merger of equals proposal on Monday, knocking a no-premium marriage and a combination with what it regards as Xstrata's inferior mines.
Top shareholders in Anglo American brushed off rival Xstrata's plan for a merger of equals on Monday and pressed for a big premium to create a giant to compete in a consolidating mining sector.
Shares in Anglo American Plc jumped as much as 12 percent on Monday after rival Xstrata Plc sought talks about a merger of equals to better compete in a consolidating mining sector.
An Iranian exiled professor, Afshin Ellian wrote an open letter to the Supreme leader Ayatollah Khamenei saying that 'your regime is finished'. Here is the full test of his letter digested from the internet.
At New York's Del Posto, diners can share a $130 entree of wild branzino fish with roasted fennel and peperonata concentrato and a $3,600 bottle of Dom Perignon. They cannot share a bottle of Perrier or San Pellegrino water.
South Africa financial and law enforcement agencies are investigating a suspected corporate fraud case, worth up to $1.2 billion, the Financial Intelligence Center, tax authorities and Reserve Bank said in a joint statement on Sunday.
GlaxoSmithKline took another step in building its business in emerging markets on Monday by signing an alliance with Indian generic drugmaker Dr Reddy's Laboratories.
South Africa's National Union of Metal Workers (NUMSA) is taking the local arm of General Motors (GMSA) to court over job losses it says are linked to the parent company's financial woes, the union said on Thursday.
Nineteen leading agricultural exporting nations, including Australia, Brazil and South Africa, kicked off talks in Bali on Sunday aimed at pushing forward troubled world trade negotiations.
President Barack Obama called for a new beginning between the United States and Muslims Thursday, in a speech delivered at Cairo University.
The death toll rose to least 61 on Tuesday from an underground fire that killed illegal miners at a disused gold mine in South Africa, Harmony Gold Mining Co. said.
To 28-year-old Kenyan Mary Wanjiku, her cell phone is not just a cell phone. It is also a cheap, safe and easy way of sending her mother $40.
The global economic downturn has aggravated human rights violations and distracted attention from abuses, Amnesty International said on Thursday.
Four of MTN's top 25 shareholders would reject a tie-up with India's Bharti Airtel based on terms unveiled this week and other big investors are unsure about the deal to create a telecoms giant.
India's Bharti Airtel and South Africa's MTN have revived merger talks to create a $61 billion telecoms giant spanning Africa, Asia and the Middle East a year after their previous attempt foundered over who would control the combined entity.
Japan raised its economic outlook for the first time in three years on Monday, and an important measure of German business sentiment rose in May in further signs the worst of the global recession may be over.