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Economic News In south Afica

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Call to control bread priceCall to control bread price
Sunday, 13 January 2008  ::  
The Independent Democrats (ID) have called on the government to regulate bread prices.ID spokesperson Rodney Lentit said on Friday that the rising cost of bread would hurt the poor and the unemployed."Bread is a staple food for the majority of the people of South Africa and we in the ID believe that the time has come for government to ensure the food security of our people by regulating bread prices," said Lentit.This comes after bakeries confirmed this week that bread prices were likely to go up. - Sapa
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    Eskom May Sell Stake in Company, Mail Says Citing Hogan
    Thursday, 19 November 2009

    By Antony Sguazzin

    Nov. 19 (Bloomberg) -- Eskom Holdings Ltd. may sell a stake in the company or in projects to help meet its funding needs, the Johannesburg-based Financial Mail reported, citing Barbara Hogan, the country’s minister of public enterprises.

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    Zimbabwe, China Sign $8 Billion Investment Accord, Herald Says
    Thursday, 19 November 2009

    Nov. 19 (Bloomberg) -- Zimbabwe’s government and a Chinese joint venture signed an $8 billion accord that will result in investment in the southern African country’s mining, energy and housing industries, the Herald reported.

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    Attacks on foreigners again
    Wednesday, 18 November 2009
    JOHANNESBURG, 17 November 2009 (IRIN) - Fearing a resurgence of xenophobic attacks, around 2,500 Zimbabwean migrants have taken refuge in government buildings in De Doorns, a farming town about 140km from Cape Town, South Africa, after some of their shacks in an informal settlement were attacked and demolished, said a police official.
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