Business

On one hand, South Africans are unhappy with the electricity price hike announced at the end of February 2010.  On the other, they are relieved that the increase is smaller than demanded by the national electricity supplier, the state-owned company Eskom. ... more

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As it often happens in South Africa, the ANC Youth League leader Julius Maleme started it all. At the beginning of February 2010 he said that the ANCYL committee had a detailed perspective on the nationalisation of the mines and went on to call on government to amend the Minerals Act to include a clause that would compel all mining companies to enter into a partnership with the state before they were granted mining licences. In the meantime, according to him, the government should place a moratorium on the issuing of licences. ... more

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News Café, South Africa’s chain of premium cocktail bars made its first foray outside of the African continent when it opened its first restaurant in New Delhi, India’s capital city, in January 2010. Quite aptly for its origins, the restaurant is situated on Nelson Mandela Road in the affluent residential suburb of Vasant Kunj. ... more

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It comes as no surprise. Like their counterparts all over the world, South African consumers responded to the 2008-2009 global recession by shopping less. ... more

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Black Economic Empowerment (BEE) was an initiative launched by the South African government to cancel out apartheid’s inequalities. Through a 2003 Act, disadvantaged groups collectively called ‘Black’ (black Africans, coloureds, Indians and Chinese who are South African citizens) were given economic opportunities previously denied them.

Apartheid’s legacy ... more