Madonna's failed bid to open a school for poor girls in Malawi shows that running a successful charity requires not just good will but also a solid business plan, philanthropy experts say.
Financial regulators have clarified that banks can provide services to foreign diplomatic missions and still comply with anti-money laundering laws after several major banks moved to close embassy accounts.
[Investors] don't believe in the gold story anymore, declared Kevin Norrish of Barclays Capital on Wednesday, announcing the bank's latest commodity investment survey of institutional players. Not one single respondent chose Gold Bullion as the likely best performer in 2011, Norrish said.
The Gold Price rose sharply against all major currencies on Wednesday, touching near-two-week highs against the Dollar even as the US currency rose amid fresh European debt and budget concerns.
The president of Uganda, Yoweri Museveni, has written a lengthy a column in The New Vision newspaper of Uganda in which he condemned the western alliance’s military strikes on Libya. He also proposes a resolution to the Libyan crisis through the auspices of the African Union.
Some prominent African leaders have expressed their condemnation of western air strikes on Libya.
Prices to Buy Gold rose above $1418 per ounce Friday lunchtime in London, reversing this week's earlier 2.4% drop as crude oil fell and world stock markets rose further after news of an immediate cease-fire by the Gaddafi regime in Libya, prompted by the United Nations' no fly zone agreement.
The Gold Price ticked higher in London trade on Wednesday, holding above yesterday's 4-week lows to reach $1400 per ounce, as a rally in Japanese shares failed to prevent further losses in global stock markets.
The president of South Africa, Jacob Zuma, has urged Moammar Qaddafi to immediately cease all acts of violence against his people, according to S.A. Foreign Minister Maite Nkoana-Mashabane said.
Google funds a digitized tribute to one of democracy's greatest leaders.
A sharp rebound in mine exploration spending shows no sign of slowing this year, but miners seeking fresh supplies are keenly aware of risks and not every country with rich mineral deposits is a winner.
The slideshow contains the Top 14 most workaholic countries, according to survey by Ipsos Global and Reuters. Japan, Australia, South Africa top the list.
South Africa's Sasol on Monday posted a 22 percent rise in first-half profit, boosted by cost cuts and higher oil and product prices, and said it expects better full-year operational performance.
South Africa's rand retreated against the dollar on Thursday after jumping nearly two percent the previous day, while market anticipation of increased supply weighed on government bonds.
When crude prices fall, oil companies tend to pass on the reductions -- albeit grudgingly -- to motorists. In most of Africa, the same cannot be said of interest rates.
South African investment firm Brait will raise up to $864 million in a rights issue for its latest round of acquisitions, as it jettisons its private equity model in favour of public capital markets.
London Commodity Brokers (LCB) aims to sell 2 million tonnes of South African thermal coal a year for Strategic Natural Resources (SNR) PLC, using the port of East London rather than the highly congested Richards Bay.
Copper output in Zambia, Africa's leading producer of the metal, increased by 60 percent in January as mining companies boosted production due to favourable prices, the central bank said on Wednesday.
A powerful member of South Africa's ruling party on Wednesday accused the new government spokesman of making racially insensitive comments that echoed the injustices of the apartheid era.
Jimmy Manyi, the spokesperson for the government of South Africa, has come under fire for perceived racialist comments he has made about the country’s mixed race people and about Indian immigrants.
China, the world's biggest greenhouse gas emitter, wants rich nations to vow bigger cuts to emissions as part of a new international deal on fighting global warming, Beijing's top climate negotiator said on Tuesday.
South Africa's new energy resource plan, which will determine the country's electricity mix over the next 20 years, will be passed into law by the start of April, a government official said on Tuesday.
