The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South Africa in other countries, with future ore discoveries expected to be far below the surface.
South African assets fell on Wednesday when investors were spooked by a ratings outlook downgrade of the domestic economy, which added to market fears over the euro zone debt crisis.
South Africa's ruling ANC will announce on Thursday the verdict of a disciplinary hearing that could derail the political career of its outspoken youth leader Julius Malema.
The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South Africa in other countries, with future ore discoveries expected to be far below the surface.
Africa could have its first commercial long-term evolution or 4G network as early as next year, as wireless phone operators gear up to meet growing data demand from smartphone users, an Ericsson executive said on Wednesday.
Tencent Holdings Ltd, China's biggest Internet company by revenue, reported its slowest profit growth in four years, missing analysts' estimates on softer growth in its casual games and lower margins due to increased investments.
Junior South African miner Village Main Reef has expressed interest in buying DRDGold's interest in its troubled Blyvoor mine for 150 million rand, the two companies said on Tuesday.
Africa's biggest hospital group by value, Mediclinic International, reported 10.7 percent rise in first-half profit as strong demand and favourable currency swings helped offset the dilutive effect of a rights offer.
Nairobi Securities Exchange has launched two stock indexes in conjunction with FTSE Group, and said on Tuesday it planned to start one for Treasury bonds next year.
The rand reversed earlier losses against the dollar on Tuesday and looked set to close stronger in New York for the first time in three days as optimism that countries in the euro zone are dealing with their debt problems boosted overall risk sentiment.
Toyota has withdrawn its profit and sales forecasts for the full fiscal year given the continuing uncertainties posed by the Thai flooding.
Junior South African miner Village Main Reef has expressed interest in buying DRDGold's interest in its troubled Blyvoor mine for 150 million rand ($18.8 million), the two companies said on Tuesday.
The roughly dozen activists are protesting the construction of one of the largest coal-powered power plant in that country.
t the closing of the deal, Anglo-American will have an 85 percent in stake in De Beers, the largest diamond distributor in the world.
China should await workable plans from Europe before Beijing puts money into any bailout package, an adviser to the Chinese central bank said on Friday, adding that China should insist on certain controls over how the money will be used.
Johnson & Johnson, the U.S. healthcare giant, Thursday denied reports that its baby shampoo products contained cancer-causing chemicals.
Europa, a suspense drama about astronauts from different countries who head to the frigid glacial moon of Jupiter, has found a warm reception at this year's American Film Market, selling in 12 territories so far.
South Africa's rand firmed against the dollar on Thursday as Greek government plans for a referendum on a sovereign bailout appeared to unravel with the expected collapse of the government.
Chinese mining companies in Zambia, Africa's biggest copper producer, are routinely flouting laws designed to protect workers' safety and the right to organise, Human Rights Watch (HRW) said on Thursday.
South African stocks ended a see-saw session flat on Thursday as an upbeat mood in Europe was offset by a sharply stronger currency at home.
South Africa on Thursday said it signed an agreement with 12 other countries to combat cross-border tax evasion.
Abuse of Zambian workers is widespread in mines owned by Chinese companies, according to a new report from Human Rights Watch.
