SOUTH AFRICA

S.Africa union wants Wal-Mart to boost supply fund

Shoppers cart their purchases from a Wal-Mart store in Alexandria, Virginia
Wal-Mart and Massmart should increase their planned fund to support South African suppliers to at least 500 million rand from 100 million rand, the country's largest service industry union said on Monday.
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Tutu

S.Africa's Tutu fetes 80th birthday amid controversy

South African peace icon Archbishop Desmond Tutu celebrated his 80th birthday on Friday in the church where he preached against apartheid, just a few days after saying the former liberation movement now in government was in some ways even worse.
A security guard walks past a shipment of copper in a file photo.

Zambia lifts metal exports ban after two days

Zambia has lifted a ban on metal exports, just two days after imposing it to sort out irregularities and increase transparency in Africa's top cooper producer, a minerals ministry official said on Thursday.
Rand

S.Africa bonds edge up, rand volatile against dollar

South Africa's rand fell as much as 1.4 percent against the dollar on Thursday as a survey pointed to a decline in business confidence and in line with a weaker euro, before recouping those losses in volatile trade.
ABSA

Absa merges units in line with Barclays structure

Absa Group, the South African bank majority owned by British lender Barclays, said it would merge its business and retail banking units and has also created a small team of Barclays and Absa executives to lead its expansion across the continent.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks rebound, track global equities

South African share prices rose on Wednesday with investors snapping up stocks they felt had been over-sold and as positive sentiment seeped back into global markets after Europe said it would protect the region's lenders from the euro zone crisis.
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E.Africa gas rush eyed as Anadarko ups Mozambique

U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.
Mineworker

S.Africa, Zambia approve Metorex-Jinchuan deal

South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
50 rand

S.Africa rand stabilises vs dlr, bonds edge higher

South Africa's rand steadied against the rand on Tuesday and government bonds edged higher as tentative calm returned to the market although local assets are still vulnerable to contagion fears over Greece's heavy debt burden.
Turkey"s Prime Minister Tayyip Erdogan (R) and Somalia"s President Sheikh Sharif Ahmed

Turkey spreads its wings into Africa

Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.

Dalai Lama cancels highly charged S.Africa trip

The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.

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