SOUTH AFRICA

Rand

S.Africa bonds edge up, rand volatile against dollar

South Africa's rand fell as much as 1.4 percent against the dollar on Thursday as a survey pointed to a decline in business confidence and in line with a weaker euro, before recouping those losses in volatile trade.

Absa merges units in line with Barclays structure

ABSA
Absa Group, the South African bank majority owned by British lender Barclays, said it would merge its business and retail banking units and has also created a small team of Barclays and Absa executives to lead its expansion across the continent.
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Mineworker

S.Africa, Zambia approve Metorex-Jinchuan deal

South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
50 rand

S.Africa rand stabilises vs dlr, bonds edge higher

South Africa's rand steadied against the rand on Tuesday and government bonds edged higher as tentative calm returned to the market although local assets are still vulnerable to contagion fears over Greece's heavy debt burden.
Turkey"s Prime Minister Tayyip Erdogan (R) and Somalia"s President Sheikh Sharif Ahmed

Turkey spreads its wings into Africa

Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.

Dalai Lama cancels highly charged S.Africa trip

The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.
A man (L) walks past a branch of South African retailer Pick n Pay in Johannesburg

S.Africa's PMI edges up to 50.7 in September

South Africa's Purchasing Managers' Index edged up to 50.7 in September from 46.7 in August, the second consecutive monthly rise and pushing above contractionary territory for the first time since June, sponsor Kagiso Securities said on Monday.
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U.N. Aviation Body Meeting Opposes EU Carbon Plan - India

European Union (EU) plans to put a charge on carbon emissions from airlines are discriminatory and inconsistent with global laws, a meeting of a UN aviation body and non-EU member nations has agreed, an Indian government statement said on Friday.
Johannesburg stock exchange

S.African stocks book worst quarter since Q2 2010

South African stock prices edged lower on Friday, concluding the worst quarterly performance for over a year, as concerns about the euro zone debt crisis weighed on resource companies and others sensitive to global demand.
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Zambia's New Govt Wants More of Foreign Miners' Revenue

New Zambian President Michael Sata fired his respected central bank governor on Thursday and his new mines minister floated plans to boost tax receipts from mining companies, rattling investors in Africa's biggest copper producer.

Developing Nations Also Eye Space as China Launches First Space Lab

China has embarked on a plan to launch a new space lab on Thursday beginning with the lift off of its 8.5-ton Tiangong-1 space module. Developing nations across the world are launching space and science research that could put them on the path to charting their own future.

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