May 31, 2013.
From Creamer Media in Johannesburg, I’m Motshabi Hoaeane.
Making headlines:

The African Development Bank says its African infrastructure investment fund 'could reach $50-billion.'

President Jacob Zuma draws the line on wildcat strikes.

And, Guinea’s government launches a campaign for a disputed June legislative election.

The African Development Bank (or AfDB) said on Thursday the fund it hopes to create to finance infrastructure investment on the continent could be as big as $50-billion.

Chief economist and vice-president of the bank, Mthuli Ncube, said the Bank had explained its plan to build the continent's infrastructures and estimated the potential to be $50-billion.

The Bank estimates the continent needs $100-billion a year spent on infrastructure this decade. It hopes to draw in investment to its fund from sovereign wealth funds, pension funds and the African diaspora.

The AfDB said in a report that Africa's economy is projected to grow by 4.8% in 2013 and 5.3% in 2014.

President Jacob Zuma on Thursday drew the line on wildcat strikes, implicitly declaring unequivocal zero tolerance on future industrial action that is outside of the law.

Announcing a new programme of action for the troubled South African mining sector, he said that Deputy President Kgalema Motlanthe and three Cabinet Ministers had been tasked with restoring stability and certainty to the mining sector, which he described as an essential “cornerstone of the South African economy”.

President Zuma was emphatic that all future strikes needed to be undertaken within what he described as South Africa’s "excellent" legal framework and the Constitution. He explained that government appreciated that AMCU was a new and inexperienced union which is why government was engaging with them. He added, however, that the approach of the government was to remain neutral during the current period of union rivalry.

Against the background of the National Development Plan and New Growth Path calling for 3.5%-plus growth a year to put the economy on the right footing, Zuma promised that government would redouble its support efforts. He also urged business, labour and government to continue to engage constructively.

Guinea's government on Thursday officially declared open campaigning for a disputed June 30 legislative election. This is despite an unyielding stance by opposition parties that have demanded the date of the vote to be annulled.

The government's decision to go ahead with the election is likely to set it on a collision course with the opposition and escalate violent protests that have rocked the world's top bauxite producing nation since March, where 50 people were killed and 350 more injured.

Guinea's opposition accuses the government of trying to rig the vote and says it wasn’t consulted before the government announced the date for the election and that voter lists are being revised in favour of President Alpha Conde's allies. The opposition is calling for the company contracted by the government, South African firm Waymark, to revise voter lists and be replaced, while also demanding that Guineans abroad be allowed to vote.

Campaigning for the election began at midnight and will end on June 28, according to Guinea's state radio on Thursday.

Also making headlines

Gauteng MEC for Roads and Public Transport Ismail Vadi says his department will focus its attention on the City Deep freight terminal and further planning for the Tambo Springs inland port.

Nigerian lawmakers pass an anti-gay bill.

And, the draft Minerals and Petroleum Resources Development Act Amendment Bill heads to Parliament.

That's a roundup of news making headlines today.