Monday May 12, 2008
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Latest Southern Africa Finance News

  • UPDATE 1-S.Africa's Eqstra Holdings debuts on the JSE 12 May 2008 10:57 GMT
    ... JOHANNESBURG, May 12 (Reuters) - South Africa's leasing and equipment group Eqstra Holdings EQSJ.J ... mining. "A lot of our efforts and investment is going to be construction and the ...

  • On the oil tide 12 May 2008 10:56 GMT
    ... Oil-rich Angola, which survived a quarter century of civil ... civil war to transform itself into an African El Dorado for keen investors, has begun investing profits ... economy, said Basilio Horta, president of Portugal's Investment and Foreign Trade Agency (AICEP). At the ...

  • World Bank and IFC Reward 16 Companies for Innovative Lighting Projects for Africa 12 May 2008 10:56 GMT
    ... By admin - Posted on May 12th, 2008 ACCRA, GHANA, ... innovative products or services tailored to Sub-Saharan Africa’s off-grid lighting market. LED lighting at home ... Ghana: Photo by The World Bank, International Finance Corporation and Lighting Africa The winners will receive ...

  • Inflation: a new worry for emerging markets 12 May 2008 10:56 GMT
    ... and undermining overall growth. China, Brazil, South Africa and India have all raised rates recently, ... hampers growth, is not good news for stocks; high inflation also erodes profit margins. JPMorgan has ... to inflation will squeeze domestic demand and investment. S&P’s Alec Young, noting that years of ...

  • GSMA honours Egypt with Government Leadership Award 12 May 2008 10:55 GMT
    ... steps are enabling Egypt to attract new investment from the private sector and is lowering ... in Egypt is among the highest in Africa. Following the award of 3G licenses in ... country in Africa with the exception of South Africa. In the past 12 months, more than ...

  • Kenya: Let All Arise And Slay the Greed Causing Hunger [opinion] 12 May 2008 10:55 GMT
    ... organisations. Jay Naidoo (no relation), Head of Southern Africa's Development Bank, spoke out on the crisis ... causes of the crisis. A combination of under-investment in sustainable agriculture and unfair trade rules ...

  • Huge potential of fruit and vegetable sector but need to remove impediments: Pawar 12 May 2008 10:43 GMT
    ... in the Philippines, 80 per cent in South Africa and 83 per cent in Malaysia." "Due to ... said, 'there is need to stimulate private investment, particularly in the field of infrastructure, marketing ...

  • Romanian hydrogen plant for Technip 12 May 2008 10:41 GMT
    ... 2008. ' 10 & 11 June 2008, South Africa Technip has been awarded a lumpsum contract by ... plant. The plant, which represents an overall investment of approximately €65m, is scheduled to be ...

  • Community-focused developer launches in Abu Dhabi 12 May 2008 10:39 GMT
    ... real estate development arm of Emirates International Investment Company and National Holding, announces today its ... to Vietnam and from Kazakhstan to South Africa”, says Hani Shammah, Bloom CEO, speaking from the ...

  • Motorite Racing's Team of Champions all revved up for KZN off road race 12 May 2008 10:39 GMT
    ... “We completely stripped and rebuilt the Spec 3 for ... is the motor sport division of Motorite Insurance Administrators, the largest independent mechanical breakdown insurance ... plan service provider and administrator in South Africa. ...

  • Century Casinos Reports Q1 2008 Earnings 12 May 2008 10:37 GMT
    ... The Caledon Hotel, Spa and Casino (Caledon, South Africa) -- Net operating revenue at the Caledon ... of $460,000 of equity earnings from our investment in Casinos Poland. We acquired a 33.3% ...

  • Fitting tech can boost textile and food processing sectors - experts 12 May 2008 10:37 GMT
    ... that are new to the firm. Moreover, investment in and mastery of new machinery and ... level data from five countries –Brazil, Ecuador, South Africa, Tanzania and Bangladesh, they examined knowledge-based determinants ...

  • Emerging markets drawing big capital 12 May 2008 10:36 GMT
    ... financial institutions in a better position to finance small to medium-size deals. As a consequence, private ... added. RREEF Alternative Investments, the global alternative investment subsidiary of parent company Deutsche Bank AG, ... what region. “We're looking at India, South Africa and Australia, which from a private equity ...

  • UAE's Etisalat says eyeing South Africa's MTN 12 May 2008 10:26 GMT
    ... Thomson Reuters is the world's largest international multimedia news ... news, small business news, news alerts, personal finance, stock market, and mutual funds information available on ...

  • BUYINS.NET: JDGRY, QBCRF Have Also Been Added To Naked Short List Today 12 May 2008 10:25 GMT
    ... Limited operated 1 078 stores in southern Africa and Poland. The company was founded in ... and average value of short sales in stocks that have been shorted and naked shorted. This ... a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please ...

  • Search for inflation targets a fool's errand for bankers 12 May 2008 10:20 GMT
    ... Raising interest rates is a crude method that can ... Czech Republic, Poland, Brazil, Chile, Colombia, South Africa, Thailand, Korea, Mexico, Hungary, Peru, the Philippines, ... which markets typically fail to provide adequate insurance. More than a quarter-century ago, I showed ...

  • New initiative to establish 15 African maths and science centres launched 12 May 2008 10:16 GMT
    ... The African Institute for Mathematical Science (Aims) has announced ... bursary, covering travel, subsistence, accommodation and medical insurance of about $10 000 a year would ... blue-chip companies. In particular, multi-national banking and investment firm Barclays intended sponsoring 20 students to ...

  • BUYINS.NET: BBL, FHN, WSO, ASML, MGPI, PGNX Have Been Removed From Naked Short List Today 12 May 2008 09:55 GMT
    ... bank principally offers retail and commercial banking, mortgage banking, and capital markets services. It provides ... brokerage and full-service brokerage, venture capital, equipment finance, and investment and financial advisory services, as well as ...

  • Energy Projects to Gobble N$10bn 12 May 2008 09:52 GMT
    ... facing a critical energy crisis as South Africa, Namibia’s main power supplier, early this year ... to be Fitch rated. It has an investment grade.” Government in its 2008/9 budget allocated ... pending power purchase agreements with DRC and Botswana. Government targets at least 75 percent self-sufficiency ...

  • Nickel miner Albidon seeks to protect itself from possible takeover bids 12 May 2008 09:38 GMT
    ... Albidon is looking for new acquisitions in Africa to insulate itself from big miners that ... its plans to transform from a resource investment group into a mining company, according to ... may seek to expand its assets in Botswana, where it acquired the Tati nickel project ...

  • Barloworld H1 pretax rises to 973 mln rand; opg performance to remain strong 12 May 2008 09:18 GMT
    ... Barloworld H1 pretax rises to 973 mln rand; ... remain strong LONDON (Thomson Financial) - South African company Barloworld Ltd. said its first-half pretax ... 8 percent. The company added its net finance costs increased by 78 million rand to 316 ...

  • World Media Confident of Successful 2010 12 May 2008 09:17 GMT
    ... Local organising c ommittee (LOC) CEO Danny Jordaan and Deputy Finance Minister Jabu Moleketi yesterday convinced the majority of ... R11bn in improving transport infrastructure. Meanwhile, Southern Africa Development Community tourism ministers said SA has ...

  • South Africa: No Great Surprise As Reports Suggest Vodafone is Making a Play for MTN [column] 12 May 2008 09:16 GMT
    ... privy to the strength of the South African market from the start. It is large ... stage and a bid might not emerge. Investment banks have yet to be called in, ... extent. The sale would also help Vodafone finance the acquisition of MTN and assuage the possible ...

  • Our man in Africa 12 May 2008 08:58 GMT
    ... executive director of Data (Debt Aids Trade Africa), the organisation he set up six years ... President Bush's Millennium Challenge Account and enormous investment in health, primarily for Aids and malaria, ... blonde with a cleavage.' In meetings with finance ministers he knew he had to be the ...

  • An exhibition on Alfred Nobel 12 May 2008 08:56 GMT
    ... "Had he lived, Alfred Nobel would have opened a branch ... We want to take it to South Africa, Latin American and the Arab world. Students ... the hour." — Fareeda Ahmad, accounting and finance, University of London in Dubai "Economics will be ...


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EIN News Columnists

• All in the Family, Or How to Marry a Bush and Move Into the White House [11 May 2008 - 14:37]
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Finance Companies

• The SI Report: InterMune to Present at Bank of America Health Care Conference [12 May 2008 - 09:36]
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Finance Fraud

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Finance Insurance

• Widower fights for new life insurance law [12 May 2008 - 10:20]
• Health insurance bill faces tough road in Jeff. City [12 May 2008 - 09:35]
• Travel insurance could pay off [12 May 2008 - 09:34]
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Finance Investing

• Foreign exchange rates in Singapore [12 May 2008 - 11:12]
• Mutual funds stable [12 May 2008 - 11:11]
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Finance Loans

• Plug Power sues adviser for student loan investments [12 May 2008 - 10:20]
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Finance Magazines

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Finance Management

• Proposed regulations aim to protect credit card users [12 May 2008 - 08:34]
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Finance Miscellaneous

• Software company Gomez files for initial public offering [10 May 2008 - 05:35]
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Finance Organizations

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Finance Taxation

• Stanly voters nix sales tax: Revenue stream would have helped fund capital projects, county schools, infrastructure needs [12 May 2008 - 11:15]
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