SOUTH AFRICA

S.Africa stocks higher, bill keeps investors nervous

An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton
Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.

S.Africa inflation risks skewed to upside: cbank

Central bank Governor Gill Marcus gestures as she addresses businesspeople in Soweto
South Africa's inflation risks are skewed to the upside, with cost-push pressures and the sharp depreciation of the rand posing the primary threats to the outlook, the Reserve Bank said on Tuesday.
South Africa – Sexual Assault

South Africa passes secrets bill, media furious

South Africa's parliament passed a bill on protecting state secrets on Tuesday despite criticism at home and abroad that it harks back to apartheid legislation and makes it easier for corrupt officials to conceal graft.
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220 kg block of gold

Harmony Gold to Restart South African Mine

Harmony Gold said on Saturday a miner who was trapped underground at its Kusasalethu mine in South Africa after a fall of ground has died and that all operations remained suspended pending an investigation.
Ted Forstmann is Honored by Oprah Winfrey in New York

Ted Forstmann: Sportsman, Philanthropist and Ladies' Man, Dies at 71

Theodore J. Forstmann, better known as Ted Forstmann, the co-founder of private equity firm Forstmann Little & Company and Chief Executive Officer (CEO) of the International Management Group (IMG) died on Sunday, of brain cancer. The 71-year-old private equity investor and philanthropist had been battling the illness for six months.
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Pak. Girl Nominated for International Peace Prize for Opposing Taliban

It was not the acclaim of an international prize that motivated a 11-year-old Pakistani girl to oppose the Taliban's decision to ban education for girls in her neighborhood. Malala Yousufzai, now 13, attracted attention from around the world and focused it on the sorry state of affairs in the Swat Valley, which is located close to the Afghan-Pakistan border, simply because she wanted a better life, where nobody would stop her from learning or watching her favorite Indian television series.
South African rand note

S.Africa's rand recovers ground, bonds softer

South Africa's rand nudged higher against the dollar in late Johannesburg trade on Thursday as risk appetite received a boost from favourable U.S. data but further weakness still lurks while euro zone debt worries remain, traders said.
South African rands

S.Africa rand steadies, yields down as bonds edge up

South Africa's rand reversed its earlier losses against the dollar on Wednesday and government bond yields pulled back from the previous day's multi-week highs as local assets took a breather from a hammering brought on by global risk aversion.
Swaziland"s King Mswati III attends the Southern African Development Community

Swaziland cash crunch critical, AIDS spending hit

A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Gill Marcus

S.Africa monetary policy to focus on inflation: Marcus

South Africa's monetary policy will maintain its focus on hitting a 3-6 percent inflation target over the medium term but will remain sensitive to the domestic economic situation, Reserve Bank Governor Gill Marcus said on Tuesday.
Truworths

Mr Price H1 profit up, to enter Nigeria

South Africa's third-biggest listed clothes retailer, Mr Price, reported a 22 percent rise in first-half profit as above-inflation wage increases and decades-low interest rates lift consumer spending in Africa's biggest economy.
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Harmony Gold Gets Offers on Papua New Guinea Assets

Harmony Gold , South Africa's third-largest gold producer, said on Monday it had received a number of enquiries and proposals from parties interested in acquiring its assets in Papua New Guinea, but it was not ready to sell.

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