The following piece was written by Pravin Gordhan, South African Minister of Finance and published in Bloomberg Business Week.<br />
The 2010 World Cup soccer tournament that kicks off Friday represents much more than just a sporting spectacular for South Africa.
Venezuelan President Hugo Chavez suspended a national electricity rationing plan, saying that the grid had been strengthened by new investments in thermoelectric plants and heavy rains that filled up reservoirs. He also wants Venezuelans to watch the World Cup in South Africa.
Argentina reaffirmed “exclusive authority” over all hydrocarbons activities in the Islas Malvinas territory and maritime spaces in a strong release to commemorate June 10th, Day of Argentina’s Sovereignty Rights over Malvinas.
UK interest rates have been kept on hold at a record low of 0.5% for the 15th month in a row. The Bank of England also decided on Thursday not to inject any more money into the UK economy under its policy of quantitative easing (QE).
Argentine President Cristina Fernández de Kirchner is scheduled to make an official visit to China and meet with President Hu Jintao next July, announced Foreign Minister Jorge Taiana during his visit to the Argentine pavilion in the Shanghai World Expo.
Argentina ratified this week the adhesion to the South American Nations Union (Unasur) Treaty, following a unanimous vote in the Lower House of Congress. The Senate had already approved the initiative.
The Chilean Museum de la Moda (Fashion) purchased a strapless taffeta dress that Princess Diana wore to one of her first official engagements for more than four times the initial price.
A Venezuelan historian and academic presented the book ‘I saw him cry’ in which he affirms that President Hugo Chavez was crying, fearful and pleading to be sent to Cuba on April 11, 2002 during the coup that had him out of office for several days. He also insists there was no plan to have Chavez shot by a firing squad as the ‘official version” of events has since turned into epic days.
Brazilian president Lula da Silva talked for the first time about the alleged espionage plot against opposition presidential candidate Jose Serra and described the whole operation as an ‘absurd set up’ with electoral purposes.
The widow of (deceased) former Chilean dictator Augusto Pinochet, Lucia Hiriart; the dictator’s private secretary, Monica Ananias; and his executor, Oscar Aitken, were summoned this week to a Santiago criminal court pursuant to a warrant from the Southern District Court of Florida, United States.