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South Africa

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  • JOHANNESBURG, Oct 17- Finance Minister Nhlanhla Nene will have his work cut out at next week's budget to try and reassure disillusioned South Africans that the government still has gas in its tank to pull the economy out of the doldrums. Twenty years after Nelson Mandela swept the African National Congress to power, pledging to unleash the economy and ensure...

  • *Faltering euro zone economy, slower growth in China pose biggest risks. Indeed, the biggest danger for the world economy in the coming year is deflation or another recession in the euro zone, followed closely by the risk of slower growth in China, according to polls conducted globally over the past week. "Especially, the recent weakening of growth in emerging...

  • Angolan oil output squeezed by LNG plant closure Wednesday, 15 Oct 2014 | 10:14 AM ET

    MILAN/ LONDON, Oct 15- The lengthy shutdown of a liquefied natural gas plant is helping push Angola's crude oil exports to their lowest levels since 2006, having clogged offshore platforms with unwanted gas supplies and forced operators to limit extraction. But a more far-reaching consequence of the constraint on oil output could be to deter investor...

  • JOHANNESBURG, Oct 10- An Ebola victim who travelled to the United States and a case of contagion in Europe have triggered a global frenzy to act. No one can minimise the horror of the daily deaths and suffering in Liberia, Sierra Leone and Guinea, as the silent but aggressive sickness wipes out families and communities, nor the health risk the virus poses to an...

  • *Deal gives Nedbank bigger presence in Africa. JOHANNESBURG, Oct 2- South Africa's Nedbank said on Thursday it will acquire a 20 percent stake in pan-African lender Ecobank Transnational for $493 million in cash, ending months of speculation it could walk away from the deal over governance concerns. "Nedbank will be investing a very substantial amount of their...

  • Ebola vaccine: Why it's taking so long to make one Thursday, 2 Oct 2014 | 10:46 AM ET
    A health worker helps a doctor to fix his protective suit, on October 1, 2014 at MSF's (Doctors Without Borders) Ebola treatment center in Monrovia. Liberia.

    Efforts to develop an Ebola vaccine have been in the works for some time. But experts say it's unlikely to see one available anytime soon.

  • DIARY - Emerging Markets Economic Events to Oct 7 Tuesday, 23 Sep 2014 | 8:02 PM ET

    Sept 24- For other related diaries, please. NEW YORK- India Investment Forum. Indian Finance Minister Arun Jaitley and Finance Secretary Arvind Mayaram to attend.

  • *Russia's Rosatom says signed $10 billion agreement. JOHANNESBURG, Sept 23- South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.

  • JOHANNESBURG, Sept 23- South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.

  • RUSTENBURG, South Africa, Sept 16- South African platinum miner Vincent Nyeleka has just moved up in the world, leaving behind a cramped hovel that he rented for a new, three-bedroom house he can call his own.

  • UPDATE 1-Petra sells rare blue diamond for $27.6 mln Tuesday, 16 Sep 2014 | 3:41 AM ET

    Sept 16- London- listed Petra Diamonds Ltd sold a rare blue diamond found at its mine in South Africa for $27.6 million, falling short of the price some analysts had expected it to fetch.

  • Pistorius to be sentenced for homicide Oct. 13 Friday, 12 Sep 2014 | 7:48 AM ET

    A South African judge on Friday found Olympic and paralympic track star Oscar Pistorius guilty of culpable homicide for the Valentine's Day shooting last year of his model girlfriend Reeva Steenkamp.

  • JOHANNESBURG, Sept 12- After his conviction on Friday for the negligent killing of his girlfriend Reeva Steenkamp on Valentine's Day last year, Olympic track star Oscar Pistorius's next battle will be to stay outside the walls of the notorious Pretoria Central Prison, or C-Max.

  • UPDATE 1-Pistorius found guilty of culpable homicide Friday, 12 Sep 2014 | 4:33 AM ET

    PRETORIA, Sept 12- Oscar Pistorius was convicted of culpable homicide on Friday, having escaped the more serious charge of murder for the killing of his girlfriend, and the Olympic and Paralympic track star could face a lengthy prison sentence.

  • Pistorius found guilty of culpable homicide     Friday, 12 Sep 2014 | 4:22 AM ET

    Paralympian Oscar Pistorius has been found guilty of culpable homicide and illegal use of a firearm in a restaurant on Friday, after being cleared of premeditated murder on Thursday.

  • PRETORIA, Sept 12- Oscar Pistorius returns to court on Friday after being cleared of murdering girlfriend Reeva Steenkamp, but the South African Olympic and Paralympic sprinter could still be convicted of culpable homicide for the "negligent" shooting of the model.

  • SINGAPORE, Sept 12- Gold extended losses to trade near a 7-1/ 2 month low on Friday, poised to post its worst week in more than three months as a stronger dollar and easing tensions in Ukraine curbed appetite for safe-haven bullion.

  • JOHANNESBURG, Sept 11- South Africa- focused bullion producer Sibanye Gold plans to cut up to 2,500 workers at its recently acquired Cooke 4 mine west of Johannesburg, two industry sources told Reuters on Thursday. Job cuts are a thorny issue in South Africa where labor relations in the mining shafts are raw and the unemployment rate is around 25 percent.

  • Oscar Pistorius cleared of murder charges     Thursday, 11 Sep 2014 | 11:20 AM ET

    A South African Judge cleared Oscar Pistorius of murder on Thursday but the Paralympian is "not out of the woods yet", NBC's Duncan Golestani reports.

  • *Trial presented South Africa with awkward realities. PRETORIA, Sept 11- A South African judge cleared Oscar Pistorius of premeditated murder on Thursday, saying prosecutors had failed to prove the Olympic and Paralympic track star explicitly intended to kill his girlfriend on Valentine's Day last year.