SOUTH AFRICA

A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.

Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.

The former vice president and environmental campaigner, Al Gore gave a clue about the launch of the new iPhones when he said that they will be coming in October.

A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.

The president of Brazil, Dilma Rousseff, on Wednesday told the United Nations that fast-growing emerging economies can play a vital role to help stem the global economic crisis, marking the latest move by developing countries to become the equals of the world's traditional powers.

South Africa's Gold Fields Ltd. could invest up to $2 billion to develop a gold and copper prospect in the Philippines, a government official said on Wednesday, although the company said it was far too early for such estimates.

Several hundred South African former miners have launched court proceedings against Anglo American Plc in London, the latest in a wave of lawsuits and compensation claims over lung disease that could cost the gold industry billions.

Gold Fields, the world's fourth largest gold miner, said on Wednesday it had made a non-refundable down payment of $66 million for an option to acquire a 60 percent interest in an undeveloped gold-copper deposit in the Philippines.

Libya will likely name a new government within 10 days, interim Prime Minister Mahmoud Jibril said, raising hopes of political progress in the fractured country weeks after the overthrow of Muammar Gaddafi.

The African Union officially recognized the National Transitional Council as the legitimate government of Libya. South African President Jacob Zuma made the announcement on Tuesday.

The number of people employed in South Africa's formal sector increased slightly in the second quarter, with the mining and retail sectors among those that added jobs.

South Africa's rand briefly ploughed a fresh 14-month low against the dollar on Tuesday before wiping out most of those losses as comments that Italy is not likely to default on its debt helped ease some of the risk aversion that has beset emerging markets.

Gold Fields, the world's fourth largest gold producer, has upgraded the mineral resource estimate for its Chucapaca joint-venture project in Peru by 35 percent to 7.6 million ounces.

The new BCCI president N. Srinivasan on Monday ruled out any formal inquiry into the team's abysmal performance on their tour of England.

Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.

South Africa's ruling African National Congress (ANC) delayed presenting to parliament a widely criticised state-secrecy bill that makes the jailing of whistleblowers legal, lawmakers said on Monday.

Madagascar will arrest exiled former president Marc Ravalomanana if he returns to the Indian Ocean island, a senior cabinet minister said a day after signing a road map aimed at holding elections within a year.

The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.

The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.

Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key U.S. market and robust demand in China and India, the head of the company's distribution arm said.

South Africa's main mine workers union said on Friday separate wage talks with Exxaro Resources and Impala Platinum , the world's second-largest platinum producer, had deadlocked but strike action was not imminent.