SOUTH AFRICA

U.S. Treasury's Paulson says economy healthy

IBTimes Logo
U.S. Treasury Secretary Henry Paulson said on Friday Washington was following a strong dollar policy and indicated he expected it to rebound, emphasizing the U.S. economy's long-term strength should help the currency.
IBTimes Logo

Vodafone pleases bulls with raised forecasts

British-based mobile phone giant Vodafone Group Plc raised full-year profit and sales forecasts on Tuesday after a strong set of half-year results topped consensus expectations, sending its shares climbing.
More news
IBTimes Logo

ICBC to buy Standard Bank stake

China's biggest lender ICBC is to buy 20 percent of South Africa's Standard Bank for 36.67 billion rand ($5.6 billion) in cash, in the biggest foreign investment yet in Africa.
IBTimes Logo

Branson's Virgin plans Northern Rock rescue

Virgin Group, controlled by entrepreneur Richard Branson, is leading a consortium that has submitted a rescue plan for British bank Northern Rock that would inject a substantial cash sum, it said on Friday.
IBTimes Logo

Gold hits 28-year peak

A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,407 per ounce, aided by rising bullion prices and worries over supply.
IBTimes Logo

Global stocks hold near record highs after ECB decision

World stocks held just below this week's record high on Thursday while the euro was steady as investors bet the worst of the credit crisis is over and looked to the European Central Bank chief for clues on monetary policy.
IBTimes Logo

Gold rebounds from 2-week lows

Gold rebounded to trade higher on Thursday after hitting two-week lows, as the metal's allure as an alternative investment rose with a drop in the dollar.
IBTimes Logo

The secret billionaire giveaway

He wears a $15 watch, flies economy class and does not own a house or car. For years few guessed that Chuck Feeney was one of the world's biggest philanthropists, secretly giving away his billionaire fortune.
IBTimes Logo

S.Africa unions back Zuma in ANC leadership race

South Africa's most powerful labor group endorsed Jacob Zuma as the next leader of the ruling African National Congress on Thursday, aiming to nudge him into the presidency and the country towards socialism.
IBTimes Logo

APEC leaders urge speedy Doha trade deal

Asia-Pacific leaders said on Sunday they saw real progress in world trade talks now underway in Geneva and pledged flexibility and the political will to forge a deal by the end of 2007.
IBTimes Logo

Abil makes $1.46 billion offer for Ellerines

South Africa's biggest mass-market lender, Abil, has made a firm offer to buy furniture retailer Ellerines in a 10.6 billion rand ($1.46 billion) all-share deal, the groups said on Wednesday.
IBTimes Logo

Gold hits six-week highs on firm demand

Gold hit a six-week high on Tuesday, helped by safe-haven buying and good physical demand, with investors awaiting the release of U.S. economic data that may change bullion's short-term direction.
IBTimes Logo

Zimbabwe parliament to mull nationalization plans

Zimbabwe's parliament meets for a new session on Tuesday that will consider two major pieces of legislation, one to give the president considerable sway in appointing a successor and another to nationalize foreign firms.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.