Wednesday, September 19, 2012
Strikes have cost South Africa close to 4.5 billion rand (nearly US$563 million) in lost gold and platinum production, President Jacob Zuma announced Monday as the mine where labor unrest began said it is halting work on shaft construction that will cost 1,200 jobs.
Tuesday, September 18, 2012
South Africa sees no need yet to revise the outlook for its fiscal performance in its 2012 budget plan even if there has been revenue loss due to problems in the mining industry, Finance Minister Pravin Gordhan said on Sunday.
Thursday, September 13, 2012
South Africa's current account recorded its largest deficit in nearly four years in the second quarter of 2012 as exports fell because of subdued external demand that is likely to hit manufacturing throughout the rest of the year.
Monday, September 10, 2012
Iran's currency was on Sunday sliding to a new record low against the dollar, with the central bank saying it was trying to manage the plunge amid an “economic war with the world.”2 Comments
Thursday, September 6, 2012
Congo and China on Tuesday signed accords worth 975 million euros as part of a project to rebuild parts of the capital Brazzaville devastated by a deadly munitions depot blast in early March.
Monday, August 20, 2012
It was the year the world became acquainted with Barack Obama, when “tweet” was labeled a buzzword by Time magazine — and when legislation was introduced to overhaul Africa's biggest oil industry.
Friday, August 17, 2012
Nigeria is likely to be included in JPMorgan's Government Bond Index — Emerging Markets (GBI-EM) from October, potentially bringing up to US$1 billion into one of Africa's most developed debt markets, the bank said on Wednesday.
Sunday, August 12, 2012
Egyptian troops and security forces on Friday detained nine Islamic militants in northern Sinai believed to be behind a surprise attack last weekend that killed 16 Egyptian soldiers, a security official said.
Wednesday, August 8, 2012
A government tribunal fined South Africa's Telkom SA Ltd. US$54.8 million Tuesday over a decade-long case alleging the company used its monopoly to put unfair prices on its competitors.
Tuesday, August 7, 2012
Venezuelan state oil giant PDVSA is in talks with Argentine counterpart YPF to conduct oil and gas exploration around the Falkland Islands, the company's president was quoted as saying Sunday.