South Africa: Oxford buys stake in NKC

UK-BASED economic advisory firm Oxford Economics would take a majority stake in South African consultancy NKC Independent Economists, the two companies said yesterday. NKC, founded in 2002, will be renamed NKC African Economics, they said. The move is part of Oxford Economics’ strategy to boost its coverage of emerging markets and meet client demand for analysis and forecasts of Africa’s major economies, the joint statement said. – Reuters