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Mining After Marikana: South Africa Marks First Anniversary Of Deadly Labor Dispute, But Little Has Changed For Workers

Despite dozens of lives that were lost, the South African mining industry is still riven by the same disputes.

South African Banknotes Will Bear Nelson Mandela’s Likeness

Saturday also marked the 22nd anniversary of Mandela’s release from Robben Island prison.

IMF's Lagarde: euro likely to survive 2012

The euro is likely to survive 2012 despite the debt crisis in the euro currency zone, International Monetary Fund Managing Director Christine Lagarde said on Friday.

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.

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S.Africa rand hits 26-month low after dovish c.bank comments

South Africa's rand briefly hit a new 26-month low against the dollar on Thursday, and bonds trimmed losses, after a central bank statement was largely viewed as dovish but the currency stabilised in late trade after two days of hefty losses.

S.Africa holds repo rate flat, rand slides

South Africa's Reserve Bank left its repo rate unchanged on Thursday and struck a dovish note as it balanced its concerns for domestic economic growth with an expected increase in inflation stemming from a sharply weaker rand.

S.Africa's factory output slows, government to buffer economy

South Africa's government would act to shield the local economy against the impact of a new global recession, Finance Minister Pravin Gordhan said on Thursday, as data pointed to a slowdown in factory output in the second quarter.

S.Africa bonds fall on Budget, rand buoyed by c.bank comment

South African government bonds fell to three-month lows on Wednesday but the rand firmed over 1.0 percent after the finance ministry projected a higher- than-expected budget deficit for the 2011/2012 financial year.

A South African child holds a 50 rand note in a file photo.

S.Africa's rand steady against dollar, stocks gain

South Africa's rand was little changed from last week's closing levels against the dollar on Monday, with central bank intervention helping stem gains in the currency despite support from stronger commodity prices.

A file picture shows the South African twenty rand note.

S.Africa bonds extend losses, yields at 7-mth highs

South African government bonds sharply extended losses on Friday, a day after the central bank left interest rates unchanged and hinted it might have ended a cutting cycle as inflationary pressures rise.

S.Africa leaves repo rate at 5.5 percent

South Africa's Reserve Bank left its repo rate steady at 5.5 percent as expected on Thursday, citing an improving economic outlook and sustained recovery in domestic consumption.