Africa

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BlackRock Backs South African Bonds Amid US Debt Concerns

South African local-currency government bonds are becoming a top pick for investors seeking an alternative to US Treasuries amid worries about a weaker dollar and rising government debt, according BlackRock Inc.

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South Africa’s $25 Billion Grid Build Draws Adani, Chinese Firms

South Africa’s 440 billion rand ($25 billion) transmission grid expansion program has attracted interest from international developers, including a company owned by Indian billionaire Gautam Adani and Chinese firms.

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