South Africa

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South Africa's government is responding to stubbornly high unemployment figures by announcing a major boost in project spending, though there are warnings the international credit crisis could hamper efforts to create new jobs.
South Africa's policy of Black Economic Empowerment (BEE) received mixed signals in recent weeks, with deals struck to strengthen direct black ownership in the mining and telecommunications industries, while there could be squalls ahead for the country's banking sector.
South Africa's banking system has been given a generally clean bill of health by the country's banking watchdog, though the growing levels of household debt and bad loans are continuing to cause concern for the financial sector.
South Africa's coal industry is booming, with prices at near record highs, increasing demand driven by rising international oil prices, greater use of coal-fired power stations and a growing interest in coal derivatives.
South Africa is facing another round of interest rate hikes as the central bank tries to rein in rising inflation, though the bank's policy of seeking to keep prices in check by curbing demand is increasingly coming under fire.
According to a recent study, South African agriculture's reputation as a competitive producer is threatened by state policies.

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