Tag: April

S.Africa April retail sales growth slows to 1 pct y/y

| June 13, 2012 | 0 Comments

JOHANNESBURG, June 13 | Wed Jun 13, 2012 7:11am EDT JOHANNESBURG, June 13 (Reuters) – Growth in South Africa’s retail sales braked sharply to 1.0 percent on a year-on-year basis at constant prices in April, compared with a revised 6.7 percent in March, Statistics South Africa said on Wednesday. Stats S.A. said the year-on-year figure [...]

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Africa’s Second Female President Delivers

| June 11, 2012 | 0 Comments
Africa’s Second Female President Delivers

Pool photo by WpaPresident Joyce Banda of Malawi with Queen Elizabeth II on June 6 in London. ACCRA, Ghana — Well, that didn’t take too long. Just weeks after Malawi’s new president, Joyce Banda, began her charm offensive to the West, the International Monetary Fund is about to hand her a $157 million check. This [...]

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Factbox: Major explosions in Nigeria in 2012

| June 10, 2012 | 0 Comments

ABUJA, Jun 10 (Xinhua) — A self-murder bomber killed himself and during slightest 3 others in a uninformed blast on Sunday in a church in Jos, collateral of north-central Nigeria’s Plateau State. At slightest 41 people were wounded, internal military said. Deadly bombings are not singular in a African republic this year. The following are [...]

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Marcus Says South Africa Will Act Without Fear on Rate

| June 8, 2012 | 0 Comments

South African Reserve Bank Governor Gill Marcus said policy makers will act without “fear or favor” on interest rates as it comes under pressure to reduce borrowing costs to boost economic growth. Monetary policy is limited in what it can do to stimulate the economy and low interest rates alone aren’t enough to spur growth, [...]

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South Africa Manufacturing Rebounds; Confidence Slumps

| June 7, 2012 | 0 Comments

South African manufacturing production increased 1.2 percent in April from a year earlier, rebounding from a contraction in the previous month, the statistics office said. Factory output rose after shrinking a revised 2.9 percent in March, Pretoria-based Statistics South Africa said on its website today. The median estimate in a Bloomberg survey of 11 economists [...]

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Nigeria recalls about 800 fired doctors

| June 1, 2012 | 0 Comments
Nigeria recalls about 800 fired doctors

2012-06-01 10:24 Lagos – Authorities in Nigeria’s economic capital Lagos said on Thursday they had recalled all 788 doctors who were dismissed after they went on strike over pay. The doctors, including consultants and specialists, were fired on 07 May after going on strike on 16 April. Authorities said the strike was illegal. But Lagos [...]

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S.Africa crude imports from Iran down 43 pct in April

| May 31, 2012 | 0 Comments

JOHANNESBURG (Reuters) – South Africa‘s crude oil imports from Iran fell 43 percent to 286,072 tonnes in April from the previous month, customs data showed on Thursday, indicating Pretoria could be cutting shipments to avoid looming U.S. sanctions. South Africa has come under Western pressure to cut Iranian crude imports as part of sanctions designed [...]

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Callixte Nzabonimana Convicted and Sentenced to Life Imprisonment

| May 31, 2012 | 0 Comments
Callixte Nzabonimana Convicted and Sentenced to Life Imprisonment

Callixte Nzabonimana Convicted and Sentenced to Life Imprisonment The Trial Chamber convicted Nzabonimana of Genocide, Conspiracy to Commit Genocide, Direct and Public Incitement to Commit Genocide and Extermination as a Crime Against Humanity ARUSHA, Tanzania, May 31, 2012/African Press Organization (APO)/ – Trial Chamber III of the International Criminal Tribunal for Rwanda (http://www.ictr.org), composed of [...]

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S.Africa April crude imports from Iran down 43 pct

| May 31, 2012 | 0 Comments

JOHANNESBURG | Thu May 31, 2012 1:07pm BST JOHANNESBURG May 31 (Reuters) – South Africa’s crude oil imports from Iran fell 43 percent to 286,072 tonnes in April from the previous month, customs data showed on Thursday, indicating Pretoria could be cutting shipments to avoid looming U.S. sanctions. South Africa has come under Western pressure [...]

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New N. Korea constitution proclaims nuclear status

| May 31, 2012 | 0 Comments
New N. Korea constitution proclaims nuclear status

North Korea's new constitution proclaims its status as a nuclear-armed nationNorth Korea's new constitution proclaims its status as a nuclear-armed nation, complicating international efforts to persuade Pyongyang to abandon atomic weapons, analysts said Thursday.


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S.Africa’s April credit growth slows 7.33 pct y/y

| May 30, 2012 | 0 Comments

JOHANNESBURG | Wed May 30, 2012 2:08am EDT JOHANNESBURG May 30 (Reuters) – Growth in credit demand by South Africa’s private sector braked more than expected to 7.33 percent year-on-year in April compared with a 9.16 percent rise in March, central bank data showed on Wednesday. Growth in the M3 measure of money supply, also [...]

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South Africa’s Credit Growth Slows as Spending Eases

| May 30, 2012 | 0 Comments

South African credit growth slowed more than expected in April as consumer spending eased and a series of public holidays curtailed loan applications. Borrowing by households and businesses rose 7.3 percent, down from 9.2 percent in March, the Pretoria-based Reserve Bank said on its website today. The median estimate in a Bloomberg survey of 13 [...]

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Cashew Market Cracks in African Turmoil

| May 23, 2012 | 0 Comments

By DREW HINSHAW And LIAM PLEVEN DAKAR, Senegal—A military revolt in the tiny African nation of Guinea-Bissau is unsettling the market for prized cashew nuts. Some of the world’s tastiest cashews are rotting in roadside piles on rural byways leading to and from the capital of the wetland nation, where a recent military uprising has [...]

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