SA, Russia strengthens trade relations

[Eugene Taviv]

SA, Russia strengthens trade relations
Oct 27, 2009 6:35 PM | By Sapa
Trade and investment opportunities between South Africa and Russia were discussed when the countries' inter-governmental committee on trade and economic co-operation met in Cape Town on Tuesday.

President Jacob Zuma
Photograph by: SHELLEY CHRISTIANS


The meeting, ahead of President Jacob Zuma's state visit to Russia in 2010, looked at ways of ensuring smooth bilateral co-operation, international relations and co-operation department spokeswoman Nomfanelo Kota said in a statement.

"This [meeting] will facilitate economic competitiveness, develop skills, generate sustainable jobs and contribute towards an improvement in the livelihoods of the peoples of South Africa and Russia."

It emphasised the importance of making further progress on the signing and implementation of bilateral agreements.

A SA-Russian Federation business council discussed trade relations and committed to frequently getting together to discuss potential business opportunities, as well as the possible transfers of skills, such as in technology sectors.

The next such meeting would be held in Moscow in 2010.

[Eugene Taviv]

http://www.fin24.com/Companies/Russias- ... t-20100503

Russia's Rencap buys BJM unit

[Eugene Taviv]

Naspers bulks up Russian presence
NASPERS (NPN)
LAST TRADED: R286.00
CHANGE(%): 1.06
CUMULATIVE VOLUME: 139,187
MARKET CAP: R114.87bn
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Johannesburg - Media group Naspers [JSE:NPN] will buy more than a quarter of one of Russia's top internet firms Digital Sky Technologies (DST) in cash and shares as it bulks up its fast-growing internet unit.

Naspers said on Wednesday it will hand over its 39.3% stake in its Russian unit Mail.ru, which it co-owned along with DST for the past three years.

Along with the shares, it will pay a further $388m for a 28.7% stake in DST, which runs instant messaging platforms and social network sites.

Unlike many of its global rivals which have been battered by the drop in traditional advertising revenue, Naspers has been helped by its 30% stake in Tencent Holdings, China's biggest internet firm.

Naspers, which runs pay-TV channels across Africa and has stakes in internet firms in Asia and Europe, told Reuters last month it was looking to acquire more e-commerce firms in emerging markets.

Russian DST will be the sole owner of Mail.ru following the transaction.

- Reuters

[Eugene Taviv]

http://af.reuters.com/article/topNews/i ... dChannel=0

[Eugene Taviv]

Russkaya pressa o YUAR/futbole/sporte

http://www.newsland.ru/News/Detail/id/489455/cat/42/
http://www.newsland.ru/News/Detail/id/541873/cat/94/
http://www.snob.ru/fp/entry/5917