SOUTH AFRICA

S.Africa's rand enjoys slight reprieve but stocks dip

A file picture shows the South African twenty rand note.
South Africa's rand crept higher against the dollar on Wednesday, partly aided by a firmer price for gold, but remains one of the worst emerging market performers so far this year, as the central bank continues to accumulate foreign reserves.

S.Africa's Zuma to focus on cutting unemployment

South Africa's President Jacob Zuma delivers a speech at a Trade and Investment session of the G20 CEO summit in Seoul
South African President Jacob Zuma will use a major policy speech on Thursday to lay out his plans to create jobs in the regional economic power where unemployment has lingered at about 25 percent for years.
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Harmony doubles earnings as gold shines

Harmony, the world's fifth-largest listed gold miner, said October-December headline earnings per share totaled 69 cents, compared with 33 cents in the previous three months, boosted by record gold prices and said it was on track to meet its long-term production targets.
Special Report: Why South African mining's in decline

Harmony doubles Q2 earnings as gold shines

South Africa's Harmony Gold more than doubled its second-quarter earnings on Monday, boosted by record gold prices and said it was on track to meet its long-term production targets.
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Botswana-Namibia coal rail link work to start 2012

Construction of a railway line connecting Botswana's Mmamabula coal field with the Namibian port of Walvis Bay, pegged at up to $9 billion, is expected to start in 18 months, a government official said on Friday.
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Namibia to oppose S.Africa customs shake-up plan

Proposed changes to revenue sharing within the Southern African Customs Union (SACU) are unacceptable because they place an unfair burden on its poorer members, a senior Namibian official said on Friday.
Eskom

S.Africa miners knock back Eskom's coal gripes

South African coal producers on Friday dismissed utility Eskom's criticism of coal quality and the power company's claims that suppliers were favouring exports over deliveries to its electricity generating plants.
A South African child holds a 50 rand note in a file photo

S.African rand, bonds fall; stocks up for 4th day

South Africa's rand weakened to a near six-month low against the dollar on Friday, falling through key support and dragging local bonds down with it before recouping some losses as demand for longer dated paper picked up.
A Haitian man walks next to posters of Haiti's presidential candidate Mirlande Manigat in Port-au-Prince

Haiti, pressured, sets revised presidency runoff

Haiti on Thursday heeded foreign pressure and amended the results of its November first-round elections, setting up a presidential run-off excluding a government-backed candidate hit by fraud allegations.
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South Africa farmers oppose Shell's shale gas plans

Royal Dutch Shell is facing opposition to its plans to seek shale gas in South Africa's semi-desert Karoo region, as farmers fear methods used to extract it will contaminate water and harm the environment.
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S.Africa customs shake-up to hit neighbours

The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.
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Vodafone nudges up year profit outlook

Strong demand in India and improving conditions in Europe helped Vodafone , the world's largest mobile operator by revenue, to post higher third-quarter service revenues and nudge up its profit forecast for the year.
A Haitian man walks next to posters of Haiti's presidential candidate Mirlande Manigat in Port-au-Prince

Haiti awaits vote results, Aristide backers protest

Supporters in Haiti of exiled former President Jean-Bertrand Aristide demonstrated for his return on Wednesday as the country nervously waited to hear who would contest the presidency in a March run-off election.
TPG and GIC to invest in Indonesia's coal firm

S.Africa says coal for power a priority

South African Mining Minister Susan Shabangu said on Wednesday the government would act to ensure sufficient coal supplies for power generation, but urged industry to sort out the supply problem first.
Vodacom

Prepaid users, mobile data lift Vodacom Q3 sales

Vodacom, South Africa's largest mobile phone operator, overcame stiff competition to post a 6 percent rise in third-quarter sales, boosted by a surge in mobile data and strong prepaid growth.

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