South Africa is looking to resume oil imports from Iran, once its biggest supplier of crude, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said.
The South African government plans to raise at least $500 million in its first issue of Islamic bonds, a Treasury official indicated.
"South Africa is looking to issue a benchmark-size sukuk and the tenor will be in line with
The Republic of South Africa will begin marketing its debut sukuk from September 8.
The roadshow will begin in London, before heading to Dubai and Abu Dhabi on September 9, Riyadh on September 10 and Qatar on the following day.
Etihad Airways, the national airline of the UAE, has announced changes to its schedule between Abu Dhabi and Johannesburg in South Africa.
The change in the flight schedule, effective October 26, will provide travellers with improved op
US motor company Ford has suspended production at one of its South African plants and Japanese car-maker Toyota plans to follow suit as a manufacturing workers' strike hits suppliers of car components.
The two-week-old strike
South Africa's Tsogo Sun group has opened its new Southern Sun Abu Dhabi hotel, offering 353 rooms designed within a stylish contemporary architectural setting.
The hotel offers a strong line-up of leisure facilities, includin
US-based Marriott International has acquired South Africa-based 116-hotel Protea Hospitality Group (PHG), making it the largest hotel company in Africa.
With the acquisition, Marriott nearly doubled its presence in its Middle East
Dubai-listed logistics group Aramex expects double-digit 2013 net profit and revenue growth and is eyeing acquisitions in South Africa and east Africa in the second half of this year, its vice-chairman said on Wednesday.
South Africa held a state funeral for Nelson Mandela on Sunday, closing one chapter in its tortured history and opening another in which the multi-racial democracy he founded will have to discover if it can thrive without its central pillar.
South African anti-apartheid hero Nelson Mandela died peacefully at home at the age of 95 on Thursday after months fighting a lung infection, leaving his nation and the world in mourning for a man revered as a moral giant.