Africa News

South African President Jacob Zuma may have little room to pledge new money to meet job targets in his state-of-the-nation speech today as economic growth slows, hindering his bid to be re-elected party leader this year.

Sappi Ltd., the world’s largest producer of fine-coated paper, dropped the most in two months after Chief Executive Officer Ralph Boettger said the company will consider resuming dividends once its debt has been cut.

The Egyptian government’s decision to press criminal charges against American pro-democracy workers is creating the deepest rift between the two nations in almost four decades and underscoring the shrinking U.S. influence in a rapidly changing Middle East.