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SAICC News AFRICAN BUSINESS ROUND-UP
Africa and the World:
The high crude oil price and weakening US$ are starting to impact African economies. SABMiller has suffered a setback in China after its plans to buy a stake in the country’s eighth-biggest brewer, Kingway Brewery Holdings, were rejected by the controlling shareholders. Kenya has licensed HSBC to open a representative office. Cameroon has bought French bank Credit Agricole's stake in Societe Camerounaise des Banques. The IMF kept its 2011 GDP growth forecast for sub-Saharan Africa at 5.5%.
Investment and Projects:
ABG Shipyard is in talks with the Nigerian government and private equity investors to build a shipyard in Nigeria. LeapFrog Inv....More»
Grant Thornton/JSE/SAICC : Budget 2011: A Balancing Act
On Wednesday, 23 February 2011, insight was gained on how Minister Gordhan's Budget Speech affects you and your business. This event was held at the JSE. Many thanks to our hosts, JSE and Grant Thornton.....More»
AFRICAN BUSINESS ROUND-UP
Africa and the World:
With the uncertainty in Arab Africa, there is no guarantee projects for the region mentioned in this newsletter will go ahead until things stabilise. Ghana is to sign an Interim Economic Partnership Agreement with the European Union this year following the lack of progress at the ECOWAS level. Massmart shareholders have voted in favour of Walmart's offer to acquire 51% of Massmart. Australian based IRESS Market Technology announced its acquisition of South African firm Peresys. SABMiller has overcome key obstacles which previously prevented it from making a bid for the Fosters Group in Australia. Kenya and South Africa were elected co-Chairs of the African Network for Drug....More»
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The SA Israel Chamber of Commerce promotes business and investment between Israel and South Africa. It is a Business Network, which connects participating small, medium, and large companies and business people across all industries, job functions, and locations throughout South Africa through a common content and interactive platform....it helps to generate sales leads!
