SOUTH AFRICA

Sprint shares soar on T-Mobile USA tie-up talk

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Sprint Nextel Corp shares jumped 14 percent on speculation that the No. 3 U.S. mobile service might be bought by Deutsche Telekom even as many analysts said such a deal would be very difficult to pull off.

Caster Semenya magazine cover (Photo)

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South African gold medalist, Caster Semenya, made headlines in August after breaking world record in women's 800m and subsequently faced accusations of being a man.
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EU offers climate aid

The European Union outlined a scaled-back offer to help poor nations combat global warming on Thursday as some nations expressed gloom about prospects of a new U.N. climate deal in Copenhagen in December.
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S.Africa's Treasury looking at MTN, Bharti application

South Africa's Treasury said it was processing an exchange control application from MTN for a proposed tie-up with India's Bharti Airtel, in the clearest indication yet that the deal is proceeding despite some shareholder opposition.
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Gmail suffers widespread outrages

A majority of Google mail users were unable to access the service Tuesday afternoon, in a rare widespread outage of the popular Gmail service.
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Muse poised for global

A lead single about a proletarian revolt against the global banking crisis. A teaser campaign involving a worldwide musical treasure hunt. And an album that ends with a three-part, fully orchestrated symphony about an alternative theory of the creation of mankind. Is Muse the only young, stadium-filling rock band that could get away with this?
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Top forestry firms see market stability

Demand in the ailing forestry sector has stabilised after a grim start to 2009 but controlling costs will remain a major focus for the foreseeable future, paper company executives said on Tuesday.
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Lead-laden paint still widely sold around the world

Even as the US lowers the lead levels allowed in paint dramatically, paint with dangerously high lead levels is still being sold for household use worldwide, putting hundreds of millions of young children at risk of permanent brain damage,
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Santam H1 profit up, claims to hit H2 margins

South Africa's largest property and casualty insurer Santam Ltd expects underwriting margins to remain under pressure in the second half after a rise in high-value property fire claims hit first-half returns.
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Sino Gold signals potential takeover

Sino Gold Mining Ltd will make an announcement on a potential takeover transaction, it said on Wednesday, amid market talk that Canada's Eldorado Gold Corp could be a bidder.
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Bharti & MTN work on finalizing deal; issues linger

India's Bharti Airtel and South Africa's MTN hope to finalize by mid-September a deal that could lead to a full merger, with the Indian firm adding another adviser and getting closer to lining up loans, three sources said.
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Why it’s OK to go to Africa

People who've traveled through Africa almost always say it was an amazing and unforgettable experience, yet most others are still either scared or disinterested.
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MTN sees adj H1 headline EPS up to 13.6 pct lower

South Africa's MTN Group said half-year adjusted headline earnings per share could fall by between 8.6 and 13.6 percent for the six months to the end of June, worse than market forecasts, it said on Tuesday.
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Gold steady above $950/oz, eyes on dollar

Gold was steady above $950 an ounce on Monday, pausing after touching a one-week high near $960 in the previous session, with investors keeping an eye on the currency market for clues on bullion's direction.
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MTN talks extension weakens deal chances-UBS

The extension of exclusive talks that could lead to a merger of India's Bharti Airtel and South Africa's MTN Group weakens the probability of the deal closing, UBS said in a research note.
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What is Caster Semenya's gender? (Photos)

South African athelete, Castor Semenya, is causing much controversy in the world of athletes after she won the women's 800m at the athletics World Championships yesterday with many left wondering about her gender.
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U.K. music academy expands with Oklahoma branch

Britain's Academy of Contemporary Music is opening its first U.S. branch in Oklahoma City, with ambitious plans to enhance touring opportunities in the region, as well as educate students for a career in the music business.
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Distressed sales of global comm. properties rise-RICS

More countries are seeing a rise in distressed sales of commercial properties in the second quarter, with South Africa, the United States and New Zealand faring worst as the market downturn worsens, a report showed.

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