News from Cape Verde, Angola & Mozambique

South Africa news update, December 6th

In Uncategorized on December 6, 2009 at 4:22 pm

ECONOMY

Dubai is the nation state as mortgage bubble: hype, leverage, and a lot of concrete mixers. But in Cape Town, Dubai World’s bubble burst a year ago, with the ousting of provincial premier, Ebrahim Rasool, the state-owned investment company’s local champion. Read the full story in the Mail & Guardian.

Land reform in South Africa is lagging behind its schedule. Read the report in The Economist.

More than 2.2m additional foreign tourists will visit South Africa between 2008 and 2015, thanks to next year’s World Cup soccer tournament. Foreign visitors’ spending is alone expected to contribute R14.3bn (News24).