SOUTH AFRICA

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De Beers gets $500 million loan to weather hard times

The world's largest diamond group, De Beers, said its three shareholders have agreed to loan the company $500 million to help it weather the economic downturn, following muted sales in 2008. De Beers Managing Director Gareth Penny said on Friday the global economic crisis was having a negative impact on sales of retail diamond jewelry, liquidity and demand for rough diamonds, which had hurt the ...

Zimbabwe's MDC undecided on response to arrest

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MUTARE, Zimbabwe (Reuters) - Zimbabwe's MDC may be reluctant to quit the new unity government formed to lead the country out of economic crisis, despite the arrest of one of its senior officials, a top party official said on Monday.
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Cell phone demand to stay strong despite downturn: U.N.

GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday. With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
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No deal reached in Zimbabwe talks

On Monday Zimbabwe President Robert Mugabe and his rival Morgan Tsvangirai met and held talks about a power-sharing agreement but failed to reach consensus.
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World's Top 25 Hotels

Who says there aren?t any surprises anymore?Sure, the 25 best hotels on the T+L 500?the annual list of the world?s top 500 properties, as chosen by Travel + Leisure readers?include many familiar names: Four Seasons, Oberoi, Ritz-Carlton, and Taj. There are also familiar places: former maharajah?s palaces in India, swanky city hotels in the U.S., and opulent game reserves in South Africa all score....
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Tsvangirai ready to 'deal with' Mugabe

In a new bid to bring peace to Zimbabwe, regional heads from South Africa and neighboring Mozambique will meet Robert Mugabe and the country's opposition leader on Monday.
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Zuma set to return to South African courts

On Monday a decision was taken to uphold the National Prosecuting Authority's appeal against a High Court ruling halting the prosecution of the African National Congress president, Jacob Zuma.
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South Africa's Mbeki visit Mugabe Ahead of Election

Just two weeks ahead of Zimbabwe's run-off election, President Thabo Mbeki of South Africa met with President Robert Mugabe in what appeared to be a last-minute effort to avoid any tampering to the ballot in an election already marred by violence and intimidation.
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Why Gold is a religion for many people

By Jon NadlerA mild recovery in prices on the back of $117+ oil and a once again declining dollar overnight helped bring gold back to the $920 area after last Friday's rout.
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Ford Fiesta Unveiled in China

Ford Motor Co. unveiled the new Ford Fiesta at the Auto China 2008 event at the New China International Exhibition Centre in Beijing on Saturday.As part of its plan to roll out models globally in a...
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Gold run dollar gyrations crude oil price tick

By Jon Nadler After scaling up to $953.90 on the back of a new record of $115.50 in crude oil, gold prices turned back to the low $940's as the US dollar climbed to near 71.70 on the index....
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Platinum supply deficit to remain in 2008

By Jon A Nones SEATTLE (ResourceInvestor.com): The VM Group reported on Tuesday that the platinum market will remain in a deficit of 360,800 ounces in 2008, although down from 412,400 ounces...
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China Likely to Outpace US by 2025

World's largest tax advisory, audit and consultancy services provider, PricewaterhouseCoopers (PwC) has suggested that the emerging markets like India and China is fast becoming the hub of global economic activity with China likely to outpace the US by 2025.
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AGC takes 29.04% stake in Aflease Gold

Commodity Online JOHANNES BURG: African Global Capital on Sunday announced its first investment by taking stakes of nearly 30 percent in Aflease Gold, according to South Africa s Business D...
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Gold's surge continues as dollar falls

Commodity Online TOKYO: Gold prices continued to gain on oil s surge along with a weak US dollar as banks investors and speculators began to purchase the yellow metal heavily.Gold futures...
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No global warming: Charcoal fuels 80% of Africa

Commodity Online It is 21st century and do you know what is the main fuel for several African nations now? It is charcoal.Maybe, a shocking news for environmentalists and people who are b...
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Gold platinum surge ahead of US report

Commodity Online NEW YORK: Gold prices also went up ahead of a US employment report and recorded well above $ 900 an ounce in New York on Wednesday.The precious yellow metal rose to $US90...
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Gold on the roll platinum gains

Commodity Online NEW YORK: Gold bounced back to the top and extended gains on Tuesday as investors began shifting some money back into it.
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Two concepts of 'inflation'

By David GallandWhile almost everyone sees price inflation when it happens, few people notice the monetary inflation that is causing it.

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