SOUTH AFRICA

China’s new regulations on rare earth minerals: report.

China to publish new regulations on rare earth minerals

China will soon publish new regulations to increase supervision of the country's rare earth industry in a move that is likely to drastically change the landscape of the sector, the China Securities Journal informed on Wednesday.

S.African police clash with poor protesters

IBTimes Logo
South African police fired rubber bullets, live rounds and tear gas on Tuesday at demonstrators protesting against the government's delivery of basic housing and education.
More news
A shopper leaves a branch of Game supermarket chain in South Africa

S.Africa commission recommends Wal-Mart deal approval

South Africa's Competition Commission has recommended that retail group Wal-Mart's proposed acquisition of 51 percent of equity in Massmart be approved without conditions, the two companies said in a statement on Saturday.
De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
President Zuma delivers his speech as he opens the 2011 session of the South African parliament in Cape Town

S.Africa's Zuma calls for jobs, private sector help

South African President Jacob Zuma called on the government and private sector to create jobs, setting aside billions of dollars to create work in Africa's largest economy, hard-hit by chronic unemployment. We urge every sector and every business entity, regardless of size, to focus on job creation.
coal

Anglo Coal says prices too high for expanding

Anglo American's thermal coal unit is keen to expand its operations in South Africa and beyond, but is waiting for price of acquisitions to come down first, the unit's head said late on Wednesday.
Pick n Pay

S.Africa's December manufacturing output disappoints

Growth in South Africa's manufacturing output slowed to just 0.2 percent on the year in December and was far below analysts forecasts, showing the vital sector still struggling to recover from a recession in 2009.
Mugabe to run in 2011 polls

US says alarmed by Zimbabwe political violence

The United States on Thursday condemned a recent spate of violence in Zimbabwe and blamed President Robert Mugabe's party for the attacks, which are heightening tensions ahead of possible elections this year.
A file picture shows the South African twenty rand note.

S.Africa's rand enjoys slight reprieve but stocks dip

South Africa's rand crept higher against the dollar on Wednesday, partly aided by a firmer price for gold, but remains one of the worst emerging market performers so far this year, as the central bank continues to accumulate foreign reserves.
South Africa's President Jacob Zuma delivers a speech at a Trade and Investment session of the G20 CEO summit in Seoul

S.Africa's Zuma to focus on cutting unemployment

South African President Jacob Zuma will use a major policy speech on Thursday to lay out his plans to create jobs in the regional economic power where unemployment has lingered at about 25 percent for years.
labourer

S.Africa $1.5 bln manganese project on track

An 11 billion rand South African manganese building project, which includes a mine and smelter, was on track with first processed ore expected in July next year, investors said on Tuesday.

S.Africa state coal firm to open in Feb: official

A state-owned South African mining company likely to focus on coal and uranium will be up and running by the end of February, but much of its work will be farmed out to private firms, a senior official said on Tuesday.
Job seekers

S.Africa to unveil R10 bln job fund: Mantashe

South Africa intends to create a 10 billion rand fund to tackle massive unemployment in Africa's biggest economy, the ANC's Secretary General Gwede Mantashe told Reuters on Tuesday.
Susan Shabangu

S.Africa minister sinks mining nationalisation idea

Nationalising South Africa's mines is not the option, mines minister Susan Shabangu said on Tuesday in her strongest comments in a year against an idea that has unnerved investors in Africa's biggest economy.
IBTimes Logo

Harmony doubles earnings as gold shines

Harmony, the world's fifth-largest listed gold miner, said October-December headline earnings per share totaled 69 cents, compared with 33 cents in the previous three months, boosted by record gold prices and said it was on track to meet its long-term production targets.
Special Report: Why South African mining's in decline

Harmony doubles Q2 earnings as gold shines

South Africa's Harmony Gold more than doubled its second-quarter earnings on Monday, boosted by record gold prices and said it was on track to meet its long-term production targets.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.