SouthAfrica was the largest emerging market foreign direct investor (FDI) in Africa2006-2008, with average South African company investment of USD 2,61bn a yearover the period and participating in 2,250 projects on the continent in 2009.The share of Africa host countries in the outward stock of FDI rose from under5% pre-2000, to 22% in 2008. South African FDI stock in Africa rose to USD10.8bn by 2008 and addressed sectors like construction, financial services,hospitality, infrastructure, mining, retail, telecommunications and tourism.The 20th edition of the World Investment Report (WIR 2010), which features thisinformation, was released by the UN Conference on Trade and Development.
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