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South African Finance Minister Trevor Manuel says there will be continuity in the government despite the controversial recall of President Thabo Mbeki.
Archbishop Desmond Tutu says the recalling of South African President Thabo Mbeki is a "deeply disturbing" development for South Africa.
South African Finance Minister Trevor Manuel agreed Monday to allow Barclay's Bank to acquire a majority stake in South Africa's biggest retail lender, Absa.
British banker Barclays will offer $5.15 billion for a majority-stake in South Africa's largest consumer bank, Absa.
Barclays, the British bank that left South Africa in 1986 after apartheid protests, may soon resume retail operations in the nation.
They're an odd couple, to be sure, a middle-aged rock star and a silver-haired bureaucrat. But they have the blessing of the international community.
As President Bush prepares to meet with European Council President Jose Maria Aznar and European Commission President Romano Prodi on Thursday, there is mounting concern that a trade war could flare up across the two sides of the Atlantic Ocean.
The Bush administration's proposal to help poorer countries is unlikely to be effective unless the U.S. government actually listens to what recipients of development assistance have to say, South Africa's finance minister said Saturday.
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