SOUTH AFRICA

S.Africa's rand recovers ground, bonds softer

South African rand note
South Africa's rand nudged higher against the dollar in late Johannesburg trade on Thursday as risk appetite received a boost from favourable U.S. data but further weakness still lurks while euro zone debt worries remain, traders said.
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Gill Marcus

S.Africa monetary policy to focus on inflation: Marcus

South Africa's monetary policy will maintain its focus on hitting a 3-6 percent inflation target over the medium term but will remain sensitive to the domestic economic situation, Reserve Bank Governor Gill Marcus said on Tuesday.
Truworths

Mr Price H1 profit up, to enter Nigeria

South Africa's third-biggest listed clothes retailer, Mr Price, reported a 22 percent rise in first-half profit as above-inflation wage increases and decades-low interest rates lift consumer spending in Africa's biggest economy.
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Harmony Gold Gets Offers on Papua New Guinea Assets

Harmony Gold , South Africa's third-largest gold producer, said on Monday it had received a number of enquiries and proposals from parties interested in acquiring its assets in Papua New Guinea, but it was not ready to sell.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks cap volatile week with flat trade

South African stocks capped a volatile week with a sideways close on Friday, as concerns about the outcome for Italy's debt crisis kept investors on the sidelines, although platinum miners and other battered-down shares ticked higher.
A South African child holds a 50 rand note in a file photo.

S.Africa's rand firms, bonds weak on rates outlook

South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.
Mineworkers

Mining policy needs clarity: South Africa's NPC

South Africa needs to adress uncertainties including allocation of mineral rights and ownership which are impeding growth in the mining sector, the National Planning Commission said on Friday.
Workers cut wood during the modernisation work at the Royal Bafokeng Stadium in Rustenberg

S.Africa eyes labour reform, railways to end poverty

South Africa's National Planning Commission unveiled a plan on Friday to reduce unemployment and poverty plaguing Africa's biggest economy, but key elements may be blocked by a powerful union in a governing alliance with the ruling ANC.
The Valero St. Charles oil refinery is seen during a tour of the refinery in Norco, Louisiana

S.Africa seeks audit of oil refineries

South Africa's Energy Minister Dipuo Peters wants an audit of the country's oil refineries to establish their reliability in the face of increasing unplanned refinery shutdowns, the ministry said on Thursday.
coal

Glencore to buy Mercuria stake in coal miner

Commodities giant Glencore has signed a deal to buy energy trader Mercuria's 15 percent stake in South Africa's Optimum Coal Holdings (OCH) in its drive to acquire the whole company worth around $1 billion, sources close to the agreement said.
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Nigeria GDP rebasing may see big upward

Nigeria plans to change the base year for its gross domestic product (GDP) to 2008 from 1990, a move that could lead to a huge jump in the estimated size of Africa's second biggest economy, the national statistics chief said on Thursday.

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