South Africa's rand weakened more than 1.7 percent to near six-month lows against the greenback on Thursday, pushing through its long-term moving average as offshore hedge funds drained dollars off the market.
The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.
Strong demand from emerging markets and from smartphone users helped cellphone operators Vodafone and TeliaSonera lift sales last year and give cause for confident outlooks for 2011.
Strong demand in India and improving conditions in Europe helped Vodafone , the world's largest mobile operator by revenue, to post higher third-quarter service revenues and nudge up its profit forecast for the year.
Supporters in Haiti of exiled former President Jean-Bertrand Aristide demonstrated for his return on Wednesday as the country nervously waited to hear who would contest the presidency in a March run-off election.
South African Mining Minister Susan Shabangu said on Wednesday the government would act to ensure sufficient coal supplies for power generation, but urged industry to sort out the supply problem first.
Vodacom, South Africa's largest mobile phone operator, overcame stiff competition to post a 6 percent rise in third-quarter sales, boosted by a surge in mobile data and strong prepaid growth.
South Africa's trade union Solidarity said on Wednesday workers at diversified miner Exxaro (EXXJ.J) could strike before mid-2011 over benefits and planned retrenchments.
South Africa's Hernic Ferrochrome, a unit of Japan's Mitsubishi Corporation, said on Tuesday it was unaffected by a wage dispute between a union and one of its contractors.
South African maize futures ended mixed on Tuesday, while the most active wheat future closed lower, in line with international prices.
Former South African President Nelson Mandela is recovering well from a respiratory infection that led to his hospitalisation last week but doctors are worried there may be too many people trying to visit him.
Shares in Rwandan brewer Bralirwa jumped 62 percent on their market debut as the country's stock exchange opened for business on Monday.
South Africa's trade account recorded a 10.3 billion rand surplus in December compared with an 8.4 billion rand surplus in November, the South African Revenue Service (SARS) said on Monday.
Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery.
Morocco will stage the 2015 African Nations Cup and the 2017 edition will be hosted by South Africa, the Confederation of African Football said on Saturday.
A grenade attack killed two people and wounded at least 28 in Rwanda's capital Kigali during the Friday evening rush hour, the police said on Saturday.
The African Union said on Friday it would form a panel of heads of state to solve the leadership crisis in Ivory Coast which would come up with a legally binding settlement within one month.
China will ramp up conventional fuel imports and production to power its economy in 2011 despite accelerating efforts to develop clean, renewable and alternative energy.
South Africa has taken measures to counter capital inflows but the rand is still overvalued, the country's finance minister said on Friday.
South Africa's Deputy President Kgalema Motlanthe said on Friday that hospitalized former president Nelson Mandela's health was improving and that there was no need to panic over his health, rubbishing speculation that the legendary leader was nearing his end.
Average annual base pay for the Class of 2010 in the US fell by just 0.7% from 2009, compared to a 3.6% fall in Canada and a 5.2% rise in Australia.
African economic growth is heading back to pre-crisis growth levels, propelled by strong demand for its resources and increased South-South investment, notably from China.
