Govt backs South Africa's auto sector
The government views South Africa's vehicle manufacturing industry as "strategic" and will continue supporting it, while steering it more towards the manufacture of components and commercial vehicles, says Trade and Industry Minister Rob Davies.
SABMiller in R6bn empowerment deal
Global brewing giant SABMiller has unveiled black economic empowerment deal that will see approximately 10% in South African Breweries, worth approximately US$750-million (about R6-billion), being transferred to its employees, black owned retailers and major customers, and the SAB Foundation.
MTN buys into European teleco
Pan-African cellular operator MTN and Belgacom ICS are to combine their international carrier services business, resulting in MTN holding an equity stake in the Belgium-based company, which will become the leading international wholesale operator in Africa.
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