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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Johannesburg - President Jacob Zuma has ordered the Treasury
to freeze assets linked to Libyan leader Muammar Gaddafi and his associates, a
local newspaper reported on Friday.
The money is invested through the $5bn Libya Arab Africa
Investment Co (Laaico), through Libya Oil Holdings, Libya African Investment
Portfolio and Libyan Foreign Investment Company (Lafico), Business Day
reported.
In South Africa, it owns Ensemble Hotel Holdings, including
the luxury Michelangelo Hotel in Johannesburg.
Treasury officials were not immediately available for
comment.
Libya holds billions of dollars in assets in Africa through
subsidiaries its $70bn sovereign wealth fund.
The South African presidency said on Wednesday that Gaddafi
called Zuma "to explain his side of the story".
The statement said: "South Africa has openly condemned
the loss of life and attacks on civilians and reported violations of human
rights in Libya."