Africa still struggles toattract foreign investment although economic growth is expected to average 6%in 2011. WB African chief economist Stantanyanan Devarajan said infrastructureand educational deficits are deterrents and neither result from lack ofcapital. He said greater cooperation and integration rather than trade couldrelieve some of the infrastructural challenges. He also said a WB study showsthat 50% of grade three graduates cannot write a complete sentence in theirmother tongue, teachers were only at school 80% of the time and only 18% ofthose present were actually teaching pupils.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more