South African economic growth may exceed IMF-estimated 2.6%
South African economic growth mayexceed the IMF-estimated 2.6% and reach nearly 3%, head of regional studies atIMFs African department, Abebe Selassie, said. He doubts the European debtcrisis will have a measurable effect on the rand, although it has weakened by3.4%/dollar this month. March retail sales rose an annual 1% after falling arevised 1.3% in Feb, Pretorias Statistics SA, said. Recent retailer earningsare said to reflect a turnaround in consumer spending, but consumer debt is stillhigh.
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
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