South Africa


  • JOHANNESBURG, March 27- South Africa's Reserve Bank left interest rates unchanged on Thursday to give the ailing economy some relief, but hinted strongly at increases soon to rein in inflation.

  • *Lonmin asks workers to take leave, sees protracted stoppage. JOHANNESBURG, March 26- South Africa's government mediator met with the striking Association of Mineworkers and Construction Union on Wednesday to restart talks aimed at ending a crippling platinum strike now entering its tenth week.

  • LONDON, March 25- Gold fell to its lowest in more than five weeks on Tuesday, as the dollar edged higher on after a top Federal Reserve official reinforced the likelihood of higher U.S. interest rates in the first half of 2015..

  • LONDON, March 25- Gold edged higher on Tuesday on doubts about global growth and geopolitical tensions, but was still within reach of a one-month low hit in the prior session as the dollar steadied on expectations of higher U.S. interest rates.

  • JOHANNESBURG, March 25- Platinum producers Anglo American Platinum, Impala Platinum and Lonmin said on Tuesday a strike now in its ninth week at their South African mines was causing irreparable damage to the sector and local economy.

  • NEW YORK/ LONDON, March 24- Gold prices tumbled about 2 percent on Monday, the biggest one-day drop in nearly two months, as hedge funds dumped the precious metal on fears that rising U.S. interest rates could spark a further retreat from last week's six-month high.

  • NEW YORK/ LONDON, March 24- Gold prices tumbled almost 2 percent to a one-month low on Monday as lingering fears that U.S. interest rates could rise in early 2015 prompted bullion investors to cash in gains made during the metal's recent rally to six-month highs.

  • LONDON, March 24- The palladium-backed exchange-traded fund due to be launched in Johannesburg by Absa Capital on Thursday has already amassed 8,600 ounces of metal to back its shares, Absa's head of exchange-traded products said on Monday.

  • *Palladium hits 2-1/ 2 year high on supply worries, new ETFs. LONDON, March 24- Gold prices tumbled to a one-month low on Monday as expectations that U.S. interest rates could rise in early 2015 supported the dollar and prompted investors to cash in gains made during the metal's recent rally to six-month highs.

  • LONDON, March 24- Gold fell 1 percent on Monday as expectations that U.S. interest rates could rise in early 2015 supported the dollar and prompted investors to cash in gains made during gold's recent rally to six-month highs.

  • *Gold gives up gain earlier in week as tensions ease. NEW YORK/ LONDON, March 21- Gold rose on Friday on bargain hunting, though the market posted its biggest weekly drop since November following the Federal Reserve's latest indication that an interest rate hike could come in early 2015..

  • *Launch of two palladium ETFs in South Africa lifts metal. LONDON, March 21- The price of autocatalyst metal palladium hit its highest since August 2011 on Friday as a miners' strike in South Africa ground on and concerns grew that the standoff between major producer Russia and the West over Ukraine could escalate.

  • NEW YORK, March 21- It only took a look at the financial statements of the world's largest maker of spirits to convince Larry Seruma that Africa was the place to go. While African alcohol consumption lagged Europe or the Americas, Diageo's rapid expansion on the continent was such that, by 2013, the region accounted for 13 percent of global revenue.

  • RUSTENBURG, South Africa, March 20- As South Africa's biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected are having to sell their most prized possessions to make ends meet.

  • DIARY - Emerging Markets Economic Events to April 1 Wednesday, 19 Mar 2014 | 8:02 PM ET

    Mar 20- For other related diaries, please. MUMBAI, India- The Reserve Bank of India Deputy Governor Kamalesh Chandra Chakrabarty will give a keynote address at an industry event- 0330 GMT. SANTIAGO- Chile Central Bank President Rodrigo Vergara Montes and Finance Minister Alberto Arenas will give presentations at a business forum- 1230 GMT.

  • UPDATE 2-U.S., Ethiopia, PNG to join anti-corruption drive Wednesday, 19 Mar 2014 | 11:57 AM ET

    OSLO/ ADDIS ABABA, March 19- Ethiopia, the United States and Papua New Guinea are on course to join the leading world initiative to combat corruption in the energy and mining industries.

  • *Jambojet owned by listed airline Kenya Airways. Willem Hondius told Reuters that Jambojet, wholly owned by Kenya Airways, faced red tape, poor infrastructure and protectionist policies, but still promised fares low enough to attract bus travellers into the air for the first time.

  • JOHANNESBURG, March 18- Nearly a decade after Nelson Mandela and anti-poverty activists Bono and Bob Geldof persuaded the rich world to forgive Africa's crushing debts, many countries' debt levels are creeping up again, which could undermine the region's growth boom.

  • JOHANNESBURG, March 17- With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.

  • NAIROBI, March 10- Kenya will push ahead with a debut Eurobond even though market conditions have deteriorated and it is not clear what yield it will have to pay, Finance Minister Henry Rotich said on Monday.

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