PM News Nigeria

Delusion Of Grandeur


By Bayo Onanuga Nigeria recently announced itself on the world stage as Africa’s biggest economy, eclipsing South Africa, which has claimed the diadem for decades. Nigeria’s claim to Africa’s economic leadership is not because we have re-invented the wheel of industrialisation or increased phenomenally the output of whatever we produce. It is anchored on a […]

South Africa: Anti-apartheid hero urges voters to shun ANC

Ronnie Kasrils

One of South Africa’s ruling party stalwarts will launch a campaign urging voters to shun the African National Congress in upcoming polls in protest at rampant corruption in government, media reported on Monday. Ronnie Kasrils and other anti-apartheid struggle veterans will on Tuesday launch a ‘No Vote’ campaign to encourage South Africans not to cast […]

Pistorius killed Steenkamp after argument, says prosecutor

Reeva and Pistorius: Before the shocking murder

Oscar Pistorius argued with his girlfriend shortly before shooting her dead, the prosecution lawyer alleged Monday as his gruelling cross-examination of the sprinter went into a second week. Prosecutor Gerrie Nel accused the 27-year-old of concocting evidence in his defence against the charge of murdering Reeva Steenkamp on Valentines’ Day last year. “It’s the state’s […]

White executives dominate workplaces in South Africa

Jacob Zuma: his country still the white man's

South Africa’s workplaces are still heavily racially skewed 20 years after the fall of apartheid, with only one fifth of top executive positions held by blacks, said a report published Wednesday. “The majority of work places are still ‘lilly white’ at the top and often male over-represented, with a few pockets of black and women […]

South Africa’s Woolworths to buy David Jones

South African retailer Woolworths Holdings Ltd (WHLJ.J) is set to buy Australia’s second-largest department store David Jones (DJS.AX) for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd (MYR.AX) with a hefty premium. The deal, the biggest for Woolworths to date, creates a leading southern hemisphere retailer that will benefit from greater scale […]

IMF trims emerging market growth outlook

Christine Lagarde, IMF Managing Director

Emerging markets face increasing risks, the International Monetary Fund (IMF) has warned as it trimmed its outlook for the countries which have been the main driver of global growth in recent years. Emerging and developing nations, which includes rising economic powerhouses China, India and Brazil, should register 4.9-percent growth in 2014 the IMF said. That […]

Pistorius: Reeva Steenkamp was scared of me

Reeva and Pistorius: Before the shocking murder

Oscar Pistorius, South Africa’s Star Paralympian, returned to the witness box at his murder trial on Tuesday, insisting he and girlfriend Reeva Steenkamp had a loving relationship and saw a future together before he shot her dead on Valentine’s Day. He however also disclosed a text message by her murdered girlfriend, in which she expressed […]

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