South Africa

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South Africa finished 2007 on something of an edgy note, with concerns over long-term political and economic stability being raised at the end of what had generally been a good year for the country.
News headlines in South Africa's media on December 19 all focused on one story, the election the day before of Jacob Zuma as the new president of the ruling African National Congress.
South Africa's wine industry has cause to lift a glass or two after the latest overseas sales figures were released in early December.
The mining industry, one of the pillars of the South African economy, stands on unsafe ground, with the country's Human Rights Commission saying South Africa's mines are the most dangerous in the world.
What could have been the largest takeover in South African corporate history has been shelved, with Telkom South Africa announcing on November 28 it had called off negotiations to sell some or all of its operations to Vodafone Group and mobile service provider MTN Group.
Concerns are mounting regarding the price South Africa will have to pay to stage the 2010 World Cup, the largest sporting extravaganza after the Olympics, with the project already facing massive cost overruns.

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