Pravin Gordhan, finance minister of South Africa, says he is "proud" of what the country has achieved in 20 years.» Read More
*Separatist unrest spreads in Ukraine, boosting gold. NEW YORK/ LONDON, April 14- Gold rose to a three-week high on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/ 2 year peak.
LONDON, April 14- Gold jumped to a three-week high on Monday as mounting tensions in Ukraine curbed investor appetite for risk, sending equities lower and boosting bullion's appeal as an insurance asset.
NEW YORK/ LONDON, April 11- Palladium prices shot through $800 an ounce for the first time in almost three years on Friday after a burst of heavy early buying triggered light buy stops as investors bet on tightening supplies from top exporter Russia and strong automotive demand.
DAKAR/ JOHANNESBURG, April 11- For centuries, colonial era merchants tussled for access to Africa's raw materials, and huge swathes of Africa's geography became synonymous with the main commodity they exported: Gold Coast, Ivory Coast, the Spice Island of Zanzibar.
LONDON- Global equities slip to a two-week low, with an escalating selloff on Wall Street led by technology and biotech shares on concerns of stretched valuations spreading to Asia and Europe. Co-op Bank confident of raising funds to secure future.
*Policy makers play down QE tapering, China slowdown impact. From Senegal to Nigeria and Rwanda, officials play down the impact on investment and capital inflows from the U.S.
*Need to focus on GDP per capita, World Bank says. *Nigeria needs to improve infrastructure, beware inequality. Nigeria's 2013 GDP was rebased up to an estimated nearly $510 billion- a "pie" one and half times the size of South Africa's, but feeding more than three times as many people.
JOHANNESBURG, April 9- South Africa's National Union of Mineworkers is winning back members on the platinum belt from rival AMCU and is poised to regain recognition status at one of Anglo American Platinum's mines, its general secretary said on Wednesday.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy struggling Australian department store operater David Jones for $2 billion after trumping an offer from Myer Holdings Ltd, it was announced on Wednesday.
DAKAR, April 9- South Africa should be able to snatch back the top spot in global ferrochrome production from China within five years thanks to cost-cutting, says one of Africa's biggest producers, International Ferro Metals.
LUANDA, April 8- Angola's Banco BIC, backed by the billionaire daughter of the country's president and a Portuguese cork tycoon, plans to ramp up its branch network at home while also expanding overseas to operate in four continents, its chief executive said.
*BancABC just acquired by Bob Diamond's Atlas Mara. JOHANNESBURG, April 8- BancABC, the Botswana lender that Bob Diamond's investment company Atlas Mara is seeking to take over, is lining up lines of credit worth $100- $300 million this year, its chief executive said.
SINGAPORE, April 8- Gold ticked higher on Tuesday to within a whisker of the $1,300- an-ounce level, regaining ground from overnight losses as weaker equities increased its safe-haven appeal. *BlackRock said that gold ETPs had experienced a "momentum shift" in the first quarter with interest rates holding steady and higher prices.
*Palladium falls on forced liquidation, profit taking. NEW YORK/ LONDON, April 7- Gold fell in quiet trade on Monday, weighed down by lack of investment interest after Friday's short-covering rally by bullion investors who had feared U.S. job gains would sharply exceed Wall Street's expectations.
LONDON, April 7- Gold inched lower on Monday, easing below $1,300 an ounce, as investors cashed in gains following its biggest one-day jump in three weeks, after a soft monthly jobs report last week allayed worries about an early rise in U.S. interest rates. Gold futures for April delivery lost 0.3 percent to $1,299.60 an ounce.
LONDON, April 7- Holdings of the world's largest platinum-backed exchange-traded fund, Johannesburg's NewPlat ETF, breached 1 million ounces for the first time last week, data from the fund showed, as a strike in the South African platinum sector prompted new buying.
*S.Africa, Nigeria vying to be' voice' of Africa. ABUJA, April 6- Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled its gross domestic product to more than $500 billion, data from the statistics office showed on Sunday.
WESTONARIA, South Africa— For those who grumble about their daily commute, imagine this ride to work: clamber into an elevator cage and plummet 2.4 kilometers into the earth, so fast that ears pop from the changing air pressure.
MARIKANA, South Africa, April 4- Shad Mohammed's electronics and household store in South Africa's platinum belt has survived a series of mining strikes over the 14 years it has been serving customers in the dusty town of Marikana.
*Nigeria set to rebase GDP on Sunday. *Move seen as positive for investment in Nigeria. LAGOS, April 4- Nigeria will rebase its GDP on Sunday, the statistics office said, in a move that will boost its estimated size by anything from around 40 to 70 percent and is almost certain to push it ahead of South Africa to become Africa's biggest economy.