Last Updated Sunday 5th September 2010



Boks coach Peter de Villiers on shaky ground

Thursday, September 2nd, 2010

Speculation is growing in South Africa that Springboks coach Peter de Villiers could be sacked as early as Sunday.

Local media are reporting the outspoken de Villiers will be hauled over the coals after comments he made about supporting accused murderer and Bulls prop Bees Roux “100 per cent”.

Some reports say the consequence is likely to be the removal of the first black man to coach the Boks, regardless of the result in the team’s Tri-Nations Test against Australia in Bloemfontein on Saturday (0100 Sunday AEST). Full story

South Africa, Sports | View Comments

China and South Africa Relationship

Monday, August 30th, 2010

China and South Africa signed a series of documents aimed at strengthening ties and expanding areas of cooperation in Beijing during South African President Jacob Zuma’s recent visit.

It was Zuma’s first state visit to China since he became the president of South Africa in May 2009. The highlight of the trip was the signing of a declaration upgrading bilateral relations to a “comprehensive strategic partnership.”

This expanded partnership focuses on issues such as benefaction and value addition to resources, infrastructure, market access and trade to the Southern African Development Community region and Africa as a whole, Zuma said at an August 25 press conference.

The “comprehensive strategic partnership” will guide the China-South Africa relationship for the next 10 to 15 years, he added.

China is South Africa’s largest trading partner, while South Africa is China’s second largest African trading partner. Bilateral trade reached $10.81 billion from January to June of this year, up 56.1 percent over the same period last year.

“China is indeed a key strategic partner for South Africa,” Zuma said. “China has become a major investor in key sectors of our economy, such as mining and financial services.”

South Africa is open for business, and encourages more exchanges between the two nations’ business sectors, he said. Full story

Economy, Editorial | View Comments

HSBC eyes South Africa’s Nedbank

Wednesday, August 25th, 2010

HSBC is set to make its first acquisition since the credit crunch and break into the South African banking market.

HSBC is in exclusive discussions to buy 52 per cent of Nedbank, the country’s fourth-biggest lender, from Old Mutual. It wants to own 70 per cent of the lender.

The $US6.8 billion ($7.6bn) deal will allow HSBC to break into the South African market and give it a presence alongside Barclays, which owns 51 per cent of the market leader Absa, and ICBC of China, which has a 20 per cent holding in the number two lender, Standard Bank.

While HSBC could finance the deal without raising money, some believe the banking giant will go to its shareholders to raise a bit more than is necessary for the deal to further bolster its capital and to allow it to snap up other acqusitions.

The Nedbank deal underlines HSBC’s increasing interest in Africa as a complementary source of growth to its Asian operations. HSBC is keen to provide finance to the growing number of companies that trade between Asia and Africa.
Full story

Business, Economy, South Africa, Top Stories | View Comments

ANC government uses police, army and courts against strikers

Monday, August 23rd, 2010

Strikers at Chris Hani Baragwanath Hospital in Soweto and Helen Joseph Hospital in Johannesburg were attacked by South African police using water cannon and rubber bullets last week. On Saturday, the government won an injunction banning the strike by civil servants and insisting they return to work immediately. The government says that it will impose a settlement on the civil servants if they refuse. Military personnel have been drafted into the hospitals.

The strike by more than a million South African civil servants, including hospital workers, teachers, customs officials, government clerical officers, court staff, police and prison staff, has brought workers into direct collision with the government and their own trade unions, which are part of the tripartite alliance with the African National Congress and the South African Communist Party. Union leaders delayed the civil servants’ annual pay claim until after the World Cup in deference to the wishes of the government. Now that the international spotlight is off South Africa, the civil servants have been subjected to state violence, even though their 8.6 percent pay claim is comparable to that which other sectors have already won.

Media reports have vilified the strikers, and government ministers have used deliberately inflammatory language. Health Minister Aaron Motsoaledi accused the strikers of “murder”. He asked, “We have demonstrated our humanity during the World Cup. Why now are people losing their humanity and prepared to murder?” Full story

Economy, South Africa, Top Stories | View Comments

Headlines

Breaking news as it happens around Africa.

September 2, 2010
India Show inaugurated by President Zuma in Johannesburg

The India-South Africa business partnership turned a new leaf with the unveiling of The India Show in Johannesburg by President Jacob Zuma Full Story

Vuvuzela silenced by Europe’s football body

The vuvuzela, the instrument behind the cacophonic signature of the World Cup in South Africa, have been given the red card by Full Story

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Vuvuzela silenced by Europe’s football body

The vuvuzela, the instrument behind the cacophonic signature of the World Cup in South Africa, have been given the red card by Full Story

4 days ago
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Loving to search your beloved Hollywood stars on Google? That might be quite dangerous! McAfee, a famed U.S. security advice center, has Full Story

17 days ago
Strike – budget under pressure

AS UNIONS canvassed their members on whether to accept the government’s latest wage offer to end a crippling public service strike, analysts Full Story

4 days ago
Boks coach Peter de Villiers on shaky ground

Speculation is growing in South Africa that Springboks coach Peter de Villiers could be sacked as early as Sunday. Local media are Full Story

4 days ago
Vuvuzela silenced by Europe’s football body

The vuvuzela, the instrument behind the cacophonic signature of the World Cup in South Africa, have been given the red card by Full Story

4 days ago

 


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