Africa
MTN Full-Year Profit Falls 4% as Rand Gains Cuts Income From Other Markets MTN Group Ltd., Africa’s largest
mobile-phone operator, said full-year profit fell after South
Africa’s rand gained, reducing income it earns from abroad when
converted back into the local currency.
Sanlam Full-Year Profit Doubles After South African Stock Market Rebounds Sanlam Ltd., the largest South
African-based insurer, said full-year profit more than doubled
as equities on Johannesburg’s stock exchange rebounded.
South African Stocks, Such as AngloGold, MTN, Sanlam Drop; Investec Gains South Africa’s FTSE/JSE Africa All
Share Index slid 15.59, or 0.1 percent, to 28,072.08 by 10:35
a.m. in Johannesburg, paring yesterday’s 0.7 percent drop.
RMB AM Sells Platinum Holdings, Favors Diversified Miners, McCurrie Says RMB Asset Management sold platinum-
stock holdings over the last two months in favor of shares in
diversified mining companies such as BHP Billiton Ltd., Wayne
McCurrie, an asset manager, said by phone from Johannesburg
today.
Old Mutual Resumes Dividend Payment, Plans to Sell Unprofitable U.S. Unit Old Mutual Plc, the biggest
insurer in Africa, may sell some U.S. assets to reduce debt
after posting a loss for 2009.
Anglo Platinum Names Steve Phiri as Chief Executive of NewCo Joint Venture Anglo Platinum Ltd. named Steve
Phiri as Chief Executive Officer of NewCo, a joint venture with
Royal Bafokeng Holdings Ltd.
Gordhan Says U.K. May Back Eskom's Bid For $3.75 Billion World Bank Loan South African Finance Minister
Pravin Gordhan said the U.K. has indicated it may support Eskom
Holdings Ltd.’s request for a $3.75 billion loan from the World
Bank.
Zambia Granted a $1 Billion Concessional Loan From China For Development Zambia’s government was granted a
$1 billion concessional loan by China for various development
projects, Commerce, Trade and Industry Minister Felix Mutati
said.
Cooperative Bank of Kenya Says Full-Year Pre-Tax Profit Increases by 3.9% Cooperative Bank of Kenya Ltd., the
country’s fourth-biggest lender by assets, posted a 24 percent
increase in full-year profit as its customer base nearly
doubled, Chief Executive Officer Gideon Muriuki said.
Arab League's Moussa Says Abbas Pulling Out of Indirect Talks, Ynet Says Arab League Secretary General Amre
Moussa said that Palestinian Authority President Mahmoud Abbas
would not take part in indirect peace talks with Israel at this
time in reaction to its approval of new building in East
Jerusalem, Ynet said, quoting statements Moussa made last night
in Cairo.
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