Africa News
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Sanlam First-Half Profit Rises 30% on Life Sales; Expects Slow Second Half
Sanlam Ltd., the largest South African-based insurer, said first-half profit grew 30 percent after sales of new life insurance policies rose.
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South African Bonds Climb as Analysts Predict Half-Point Interest Rate Cut
South African government bonds rose, pushing yields to a two-week low, as analysts predicted the central bank will today lower its benchmark interest rate.
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ENRC Says Ready to Defend Congo Rights After Warning From First Quantum
Eurasian Natural Resources Corp. , the mining company that last month bought rights to the Democratic Republic of Congo’s Kolwezi project, defended the acquisition after previous owner First Quantum Minerals Ltd. said it may sue the company.
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Rooibos Tea Contributes $69 Million to South Africa GDP, Business Day Says
Rooibos tea, also known as red bush tea, contributed 500 million rand ($69 million) to South Africa’s gross domestic product last year, Business Day reported, citing the South African Rooibos Council.
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