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ABN Business Briefs

Thu, 18 Oct 2012
Rwanda appears likely to win one of five U.N. Security Council seats up for election today. The East African economy is unopposed in its bid for the African seat on the Security Council but still needs approval from two-thirds of the U.N. General Assembly members to secure a two-year term The last time Rwanda was on the council was in 1994. ...read more

Under fire over Congo rebels, Rwanda eyes UN Security Council seat

Thu, 18 Oct 2012
Rwanda appears likely to win one of five U.N. Security Council seats up for election on Thursday, despite accusations by a U.N. expert panel that the country's defense minister is commanding a rebellion in neighboring Democratic Republic of Congo. ...read more

SABMiller Posts First-Half Beer Volumes up 4%

Thu, 18 Oct 2012
SABMiller, the world's second-biggest brewer, posted an expected 4% rise in underlying first half beer volumes after growth across most of its regions, including Europe where sales were boosted by selective price reductions. ...read more

Anglo American Platinum Holds Off on Dismissals

Thu, 18 Oct 2012
Anglo American Platinum, the world's No 1 platinum producer, said on Thursday that it would delay the dismissal process at some of its South African operations. ...read more

Gold Fields Set to Fire 11,000 Strikers in South Africa

Thu, 18 Oct 2012
Striking miners at one of Gold Fields' South African operations returned to work on Thursday, but the bullion producer still looked set to fire more than 11,000 others taking part in the worst wildcat walkout since the end of apartheid. ...read more

Gold Fields Says all Strikers Return to Work at Beatrix Mine

Thu, 18 Oct 2012
Gold Fields, the world's No 4 bullion producer, on Thursday said all striking workers at its Beatrix mine in South Africa had reported for duty. ...read more

South Africa's Clicks Says FY Earnings up 9%

Thu, 18 Oct 2012
South African retailer Clicks Group reported a near 10% rise in full-year profit on Thursday, as relatively low inflation in Africa's top economy helped support consumer spending. ...read more

Bollore Africa Logistics Sees Surge in Abidjan Shipping Traffic

Thu, 18 Oct 2012
Bollore Africa Logistics CI's turnover was up nearly 57 percent at 38.13 billion CFA francs ($76 million) in the first half of the year due to a rebound in shipping traffic at Abidjan's port, which it manages, the company said on Wednesday. ...read more

Angola Launches $5 billion Sovereign Wealth Fund

Wed, 17 Oct 2012
Angola on Wednesday launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets, funnelling the African country's vast oil wealth into infrastructure, hotels and other high-growth projects. ...read more

PetroSA Buys into Ghana's Jubilee Field

Wed, 17 Oct 2012
South African national oil company PetroSA has concluded a deal to buy oil and gas assets in Ghana, a senior official said on Wednesday, giving it access to crude from the huge Jubilee Field. ...read more

Kenyan Shilling Steady, Cushioned by Aid Agency Dollar Sales

Wed, 17 Oct 2012
The Kenyan shilling was stable against the dollar on Wednesday, supported by non-governmental organisations (NGOs) selling the U.S. currency in the market to meet their financial obligations. ...read more