SOUTH AFRICA: More Zimbabwean migrants expected in Musina (AlertNet)
Source: IRIN The South African border town of Musina is bracing for an increase in migrants as faith in Zimbabwe’s new unity government wanes and the lure of a new permit system specifically tailored for Zimbabweans makes it easier for them to work and study in South Africa.
South Africa: Premier Ndebele Pays Tribute to Workers (AllAfrica.com)
Pietermaritzburg — KwaZulu-Natal Premier Sibusiso Ndebele has paid tribute to South Africa’s work force ahead of Workers Day on Friday.
South Africa Cuts Benchmark Interest Rate by 1 Point (Update2) (Bloomberg)
April 30 (Bloomberg) — South Africa’s central bank cut its benchmark interest rate by 1 percentage point, the fourth reduction since December, to help spur an economy that may be in its first recession in 17 years.
Emerging Markets Report: South Africa’s central bank cuts rates to 8.5% (Market Watch)
South Africa’s central bank slashes its benchmark interest rate, saying that there are no indications of a quick recovery in the African continent’s biggest economy.
Former South African President, Nobel Laureate F.W. de Klerk to Speak on Changes in South Africa at Press Club Event (PR Newswire via Yahoo! News)
F.W. de Klerk, the former President of South Africa, who earned the Nobel Peace Prize for his role in dismantling apartheid and crafting the new South African constitution, will be guest at a Newsmaker Speakers Event of the National Press Club at 11am Tuesday in the Broadcast Operations Center on the 4th Floor.
South Africa Trade Deficit Narrows to 512 Million Rand (Bloomberg)
April 30 (Bloomberg) — South Africa’s trade gap unexpectedly narrowed to 512 million rand ($60.5 million) in March as mineral exports increased. The deficit eased from 571 million rand in February, the South African Revenue Service said in an e-mail today.
South Africa votes for Mr. Zuma (The Japan Times)
There was never any doubt about who would win parliamentary elections held in South Africa last week. The African National Congress (ANC), which has dominated the country’s politics since the apartheid era ended, was certain to prevail. The only question was the ANC’s margin of victory and whether it would retain the two-thirds majority that would allow it to amend the constitution. It did not. …
South African Stocks: ArcelorMittal South Africa, Exxaro, Sasol (Bloomberg)
April 29 (Bloomberg) — South Africa’s FTSE/JSE Africa All Share Index added 153.50, or 0.8 percent, to 20,434.62 at 12:49 p.m. in Johannesburg, paring yesterday’s 1.9 percent slide.
ArcelorMittal South Africa Cuts Prices as Much as 13% (Update1) (Bloomberg)
April 30 (Bloomberg) — ArcelorMittal South Africa Ltd. , Africa’s biggest steelmaker, will cut prices by as much as 13 percent next month, the company said in a letter to clients today.
