South Africa's rand weakened against the dollar on Tuesday after the government said it was not thinking about using reserves to manipulate its value, while comments that the Treasury will not issue new debt boosted government bonds.
South Africa will see its budget deficit widen a touch this year to support a weak recovery, but aims to constrain expenditure and keep debt in check and over the following three years.
Great Basin Gold Ltd. sold 27 percent less gold sequentially in the third quarter from its operations in Nevada and South Africa.
World no.3 gold producer AngloGold Ashanti Chief Executive Mark Cutifani sees no bubble in gold prices and said prices could easily go higher amid global economic uncertainty.
South Africa's rand turned positive against the dollar in volatile late Monday trade, gaining as much as 2.3 percent to a week's high in what some traders said was a retracement from oversold levels last week.
Fox paid $425 million to win the rights to broadcast the 2018 and 2022 FIFA World Cup in the United States, and Telemundo paid $600 million for Spanish-language U.S. rights, an individual with knowledge of the bidding tells TheWrap.
South Africa's rand ended the week with its biggest loss in a month on Friday but had bounced from two-week lows on hopes that European leaders were close to a deal that will recapitalise banks and stop the debt crisis from spreading.
Platinum production is falling at a South African mine because of a nearly week-long strike, Royal Bafokeng Platinum Ltd. said Friday.
It is the low-income nations in the continent, like Tanzania, which are exhibiting the strongest growth.
This viral video will make you cringe. A dirt biker slams into his unsuspecting friend on the far end of a jump.
South Africa's rand tumbled 2.5 percent to a two week low against the dollar on Thursday, falling quickly in the last hour of trading when stop losses were triggered above the 8.15 level by new complications over Europe's debt problems.
Zambia has suspended the issuance of new mining licences to root out potential corruption and clean up the process, the mines minister in Africa's top copper producer said on Thursday.
Pakistan hopes to win a seat on the U.N. Security Council as a temporary member alongside archrival India when the United Nations holds annual elections to the 15-nation body on Friday.
As Occupy Wall Street has grown to be one-month-old national and international movement, the movement's economic impact has been undeniable - at least in the form of donations.
Aquarius Platinum Ltd. said Wednesday it resumed production at a mine in South Africa that had been briefly closed due to a strike.
South Africa plans to place limits for carbon emissions on top polluters who may face penalties if they do not conform to the new regulations, a climate policy paper showed on Tuesday.
President Jose Eduardo Dos Santos cut Angola's growth forecast for 2011 to 3.7 percent on Tuesday due mainly to lower crude production but the economy should bounce back with a 12 percent expansion next year.
Eight foreigners were killed in a Botswana plane crash when the plane caught fire shortly after takeoff.
Canada-based Eastern Platinum Ltd. said Tuesday production from its flagship Crocodile River mine in South Africa fell nearly a third due mainly to the consequences of labor disputes earlier this year.
South Africa's rand fell more than 1.7 percent against the dollar on Monday, with dealers citing speculation of a cross-border deal between a local company and a Canadian firm as the driver.
Massmart Holdings, the South African retailer majority owned by Wal-Mart Stores, said on Monday first-quarter sales rose nearly 15 percent, and forecast a solid year ahead.
The South African operations of global miner Xstrata were disrupted on Monday after hundreds of workers joined a walk-out in protest over an employee share ownership programme, the company said.
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