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Africa
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Southern Africa
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·South Africa: Civil Servants to Strike
THE Department of Home Affairs would be hardest hit by the public service workers' strike, a union warned yesterday.
·South Africa: Bank Pioneers New Way of Farming
STANDARD Chartered Bank is providing nearly R3bn to fund agricultural production in SA, using an innovative scheme that avoids the conventional approach of asking farmers to provide a physical asset as security.
·Africa: Race On for BP's African Assets
BP Plc is in talks with India's Reliance Industries and Essar Group to sell its African retail assets, including those in Namibia, that could be worth as much as US$500 million, four sources with direct knowledge of the matter told Reuters yesterday.
·Southern Africa: EU Backs Off on EPA
European Union (EU) Trade Commissioner Karel de Gucht has appeased leading European civil society organisations about the negotiations for a Southern African economic partnership agreement (EPA), promising "not to put undue pressure" on countries.
·Zimbabwe: Diamond Researcher Slapped With Fresh Charges
Diamond researcher and human rights activist Farai Maguwu has been slapped with fresh charges, just over two weeks after his release on bail from Harare Remand Prison.
·Malawi: Country Stands Firm on Conditions of Trade Agreement with EU
The Malawian government has again stood firm in the face of calls by the European Union (EU) to sign an economic partnership agreement (EPA) -- even after top-level EU officials visited the southern Africa to convince it to put pen to paper.
·South Africa: Gold One Says It May Hedge Gold to Cover New U.S.$65 Million Debt Facility
GOLD One, which is increasing the Modder East mine near Johannesburg, may have to hedge up to 200 000oz of gold to cover a $65m loan it is finalising.
·South Africa: Phoenix Project Muddies Kumba-Mittal Waters
ARCELORMITTAL appears to be headed for another clash with Kumba Iron Ore, this time over cheap supplies for its steel mills from the Thabazimbi mine.
·South Africa: Khumama Dispute Delays Mvelaphanda Unbundling
THE unbundling of Mvelaphanda Resources (Mvela) has been pushed back from the end of this year to about May next year after an arbitration process with Khumama Platinum failed to reach resolution last week.
·South Africa: Opinions on Nedbank Fraudulent
NEDBANK's battle with Pinnacle Point investors took a twist yesterday when legal opinions were established to be fraudulent.
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