South Africawill introduce less costly ways to give more land to the black majority, presidentJacob Zuma said, with significant changes to the current land-distributionmodel. A priority is to ensure that land reform is more closely linked to thecreation of livelihoods for the poor, Reuters reported. The countrys largestfarmers group warned that last months proposal to nationalise all farmlandand limit land owned by farmers would seriously harm agricultural investment.The land affairs departments recently published strategic plan for 2010-2013,proposes that either all productive land will become a national asset withfarmers paying taxes to lease land from the state - this may require aconstitutional change - or to limit the amount of land landowners can own. Zumadid not say whether either of these options would be implemented.
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