South Africa’s Foreign Direct Investment takes a knock. Nigeria suspends controversial electricity tariff hike
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· South Africa’s foreign direct investment inflows fell to R17.4billion in the second quarter from R29 billion in the first quarter.
· Nigeria has suspended a controversial electricity tariff hike that has stoked tensions in the country as part of a deal to ward off a general strike by unions.
· Copper miners in Zambia have frozen $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable.
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