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- EBRD backs €1 bn fund for 'Arab democracies'
 The European Bank for Reconstruction and Development on Saturday approved investment of 1.0 billion euros for expansion into north Africa and the Middle East under its first British president.
- Presidential penis portrait riles S.Africa's ANC
JOHANNESBURG (Reuters) - South Africa's ruling ANC threatened to take legal action against a Johannesburg gallery for displaying art which lampoons President Jacob Zuma and accuses the party of corruption. The African National Congress wants the Goodman Gallery to remove a painting of Zuma called "The Spear", which depicts the president with his genitals exposed, and another work that has a "For Sale" sign superimposed over the party logo. The picture of Zuma is a facsimile of a famous poster of communist revolutionary Vladimir Lenin. ...
- S.Africa central bank seen on pause to help economy
JOHANNESBURG (Reuters) - South Africa's central bank is expected to keep its main policy rate unchanged for the ninth meeting in a row next week, hoping the economy will start to show some signs of oomph before it hikes the rate to curb high inflation next year. All 31 economists in a Reuters poll this week forecast that the repo - the rate at which the Reserve Bank (SARB) lends to commercial banks - will stay at 5.5 percent when the Monetary Policy Committee concludes three days of meetings on May 24. ...
- S.Africa plans to regulate fees lawyers can charge
JOHANNESBURG (Reuters) - South Africa's government has sent legislation to parliament to set limits on how much lawyers can charge their clients in a bid to lower fees and increase access to legal services for the bulk of the population, an official said on Friday. The Legal Practice Bill calls for setting up a 21-member board that includes attorneys, academics and Justice Ministry appointees to draw up regulations and fee structures. The ruling African National Congress holds a strong majority in parliament and can easily push through its high-priority legislation. ...
- ANC to sue over painting of Zuma
A painting showing President Jacob Zuma with his genitals hanging out sparks the anger of South Africa's ANC, which says it will go to court.
- S.Africa growth uneven, inflation subdued: Gordhan
 CAPE TOWN (Reuters) - South Africa's economic expansion remains weak and uneven while inflation pressures are subdued for now, Finance Minister Pravin Gordhan said in parliament on Friday. "Growth in and output in our economy is uneven and slow, but consumption spending remains buoyant although last month was not that good," Gordhan said during his budget vote speech to the legislature.
- Mbeki to pressure Sudan on talks
Former South African President Thabo Mbeki arrives in Sudan to try to restart talks between Sudan and South Sudan after heavy fighting last month.
- De Klerk's 'separate but equal' flap
Under fire for his comments on apartheid, former South African President F.W. de Klerk clarified his position again Wednesday, saying that he repudiates the system of racial segregation as unacceptable.
- S.Africa "confident" of solution to Iran oil ban
 CAPE TOWN (Reuters) - South Africa, which receives a quarter of its crude from Iran, is holding almost daily discussions with the United States, EU Union and Iran about reducing its purchases and is "confident" a deal can be struck to avert U.S. sanctions, a senior energy official said on Thursday. Washington, which with the EU is putting pressure on Iran to end activities that they believe may be a front for nuclear weapons research, has threatened to penalise the banks of countries that do not significantly cut oil imports from Iran. ...
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