SOUTH AFRICA

IMF Seeks More Funds for Europe Rescue; U.S. Wary

IMF head Christine Lagarde gestures during a news conference at the G20 meeting at the ministry in Paris
The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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IMF Seeks More Funds for Europe

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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Goldplat Pours First Bar of Gold in Kenya

Africa-focused gold producer Goldplat has poured the first bar of gold from its Kilimapesa mine in Kenya, marking the beginning of production in the east African country's first gold project, the company said on Tuesday.
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Analysis: Ditch the assumption developed economies are safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.
Picture illustration shows a one euro coin on a flat screen displaying exchange rates in Rome

Ditch the Assumption that Developed Economies Safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.
Martin Luther King  Kr.

Martin Luther King Jr. Last Speech: 'I've Been to The Mountaintop' [VIDEO & FULL TEXT]

Most people commemorating Martin Luther King Jr. Day turn to his iconic I Have a Dream speech. But King gave another famous speech the night before he died, known as the Promised Land or Mountaintop speech. In it, he alluded to his imminent assassination and the legacy he would leave behind. Listen to the audio file, watch the video, and read the full text of Dr. King's final speech here.
Platinum bar

Lonmin Loses Prospecting Appeal in South Africa

South Africa's Department of Mineral Resources has rejected an appeal by platinum miner Lonmin over a prospecting right on part of its mining area granted to a third party, Keysha Investments.
Avion Gold mine blasting

Gold Climbs to Highest in a Month on Chinese Demand

Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
Higher education

South African Stampede Kills 1 as Thousands Seek Scarce College Seats

A stampede of students desperate for college admission in South Africa has led to the killing of one woman and the injury of several others when the University of Johannesburg opened its gate on Tuesday. The students who were involved in the stamped were all hoping they could secure one of fewer than 1,000 last-minute seats available for the incoming class.
Gold

Gold Hits 4-week High, India Buying Active

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Gold pellets

Gold Rises to 200-Day Moving Average; Platinum Surging

Gold rose towards $1,640 an ounce on Tuesday and other precious metals rallied, with a rebound in the euro versus the dollar making dollar-priced assets more attractive to holders of other currencies, and after bullion breached a key chart level.
ANC supporters dance during the ANC's centenary celebration in Bloemfontein

Mandela's African National Congress Celebrates 100 Years

In a stadium packed with tens of thousands of dancing revelers, South Africa's ruling party, the African National Congress, celebrated its 100th anniversary Sunday, amid accusations that it has not delivered on its promises since taking power in 1994, namely resolving outstanding issues with poverty and unemployment.
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Europe may avoid recession this year, IMF says

Europe as a whole may avoid a recession this year and there were reasons to be more upbeat about prospects for the region, South Africa's Business Day newspaper quoted International Monetary Fund head Christine Lagarde as saying.
Best Tablets Under $299 To Debut in 2012

2012 Trends: 5 Items to Get Cheaper in 2012

The times and trends are always changing, and some benefit consumers while others do not. But the shopping Web site dealnews did a good job in recent days noting things that will be less expensive and more expensive in 2012. Among the items that will get cheaper in 2012, according to dealnews, is wine and homes.
gold and silver

Gold to Average $1,875 This Year: Barclays

Barclays Capital released its 2012 price outlook for precious metals Thursday. Despite short-term hurdles, a clouded macro-economic environment against a backdrop of low interest rates and political uncertainties continue to stoke investor appetite for a more diversified and less riskier portfolio.

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