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Finance
 
POTASH ROYALTIES

Israel Chemicals challenges plan to review royalties

Israel Chemicals, which has an exclusive permit to extract minerals from the Dead Sea, challenged a government proposal on Monday to review state policy on royalties. Eitan Sheshinski, an Israeli economist who played a leading role in revising...
17 Jun 13
 
 
RESOURCES

Resource companies ripping off Africa – AfDB chief

Developed world mining and energy companies operating in Africa should pay more taxes to help the world's poorest continent climb out of poverty, the president of the African Development Bank said on Sunday. "The reality is, Africa is being ripped...
17 Jun 13
 
 
CLIMATE CHANGE

LDCs demand clarity on climate-change mitigation finance from developed States

The United Nations (UN) Least Developed Countries (LDCs) collective has requested that industrialised nations provide detailed information about the finance they are willing to provide to aid vulnerable States in their adaptation to, and...
14 Jun 13
 
 
HYDROPOWER

China revives Uganda's biggest power dam with $500m credit

China has provided credit worth $500-million to Uganda to help pay for the construction of a large Nile River hydropower dam at Karuma, a government document said on Friday, reviving the $2-billion project stalled for years by a lack of money....
14 Jun 13
 
 
Standard Bank

Company Announcement: Standard Bank named Sustainable Bank of the Year PDF Available

Standard Bank has been acknowledged by the Financial Times as the Sustainable Bank of the Year award for Africa and Middle East. The announcement was made at a function in London last night
 
 
Economy

China overtaking African infrastructure development

Traditionally, African countries sought skills from South Africa for infrastructure development, but a gradual shift to employing Chinese services is evident, as the Asian country is establishing multinational trade agreements with African...
14 Jun 13
 
 
Transport

Outdated infrastructure limiting Mozambique’s potential

Advisory law firm Edward Nathan Sonnenbergs Inc (ENS) aims to be continuously involved in infrastructure improvement in Mozambique and continues to play an advisory role in existing and new gas and coal finds in that country. The development and...
14 Jun 13
 
 
ARGENTINA

The big money bails on Argentina - again

More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again. From big Chinese and Brazilian companies like miner Vale, to small-business owners and savers, the fear of a new crisis...
13 Jun 13
 
 
ECONOMY

RMB cuts SA growth forecast as consumer spending slows

Rand Merchant Bank (RMB) has lowered its 2013 economic growth forecast for South Africa to 1.9%, from 2.4%, as the country’s consumer spending slowed. Speaking at an international credit insurer Coface Country Risk conference, in Sandton, on...
12 Jun 13
 
 
EASTERN CAPE

Eastern Cape showing signs of recovery, says ECDC

Development financier the Eastern Cape Development Corporation (ECDC) says the province is showing signs of economic recovery characterised by increased consumption levels, which were last recorded before the 2008 economic slump in the world economy.
07 Jun 13
 
 
EXPLORATION

Aus mineral exploration to get boost

Resources exploration in Australia will be given a boost as analytical methods used to predict stock market movements would be applied to geological data to model the evolution of the Australian continent and pinpoint new mineral deposits. The...
 
 
AUTO INDUSTRY

May new vehicle sales up 7.5%, but outlook less rosy, warns Naamsa

New-vehicle sales in South Africa surged ahead in May, increasing 7.5%, to 53 997 units, compared with the same month last year. Commenting on the statistics, compiled by RGT Smart, the National Association of Automobile Manufacturers of South...
03 Jun 13
 
 
 
 
 
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