SOUTH AFRICA

In a Close-knit World, Frontier Debt Loses Out

President of Belarus Alexander Lukashenko
The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.
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British police investigating climate email hackers

British police will examine a batch of email exchanges between climate scientists which appeared on the Internet Tuesday as part of an inquiry into the hacking of the private documents, police said Wednesday.
South African Rand

S.Africa's rand hits 30-mth low, bonds weaken

South Africa's rand tumbled to its weakest level since May 2009 against the dollar on Wednesday, with market players seeing further losses as investors dump risky assets on worries that euro zone leaders are not getting to grips with the debt crisis in their region.
South African Deputy President Kgalema Motlanthe

S.Africa direct exposure to euro zone crisis low: Motlanthe

South Africa's direct economic exposure to countries at the epicentre of the euro zone debt problems is low, but the risk of increased trade protectionism as a result of the crisis could harm local exports, Deputy President Kgalema Motlanthe said on Wednesday.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks higher, bill keeps investors nervous

Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.
Central bank Governor Gill Marcus gestures as she addresses businesspeople in Soweto

S.Africa inflation risks skewed to upside: cbank

South Africa's inflation risks are skewed to the upside, with cost-push pressures and the sharp depreciation of the rand posing the primary threats to the outlook, the Reserve Bank said on Tuesday.
South Africa – Sexual Assault

South Africa passes secrets bill, media furious

South Africa's parliament passed a bill on protecting state secrets on Tuesday despite criticism at home and abroad that it harks back to apartheid legislation and makes it easier for corrupt officials to conceal graft.
Ghana Project

AngloGold Ashanti Sees Gold Output up 27% by '15

African, Australian and Colombian prospects will play a key role in boosting AngloGold Ashanti Ltd.'s gold output to 5.5 million ounces by 2015, the world's third-largest gold mining company said Tuesday.

Greenhouse Gas Emissions Reach Record High: U.N.

The United Nation's weather agency, the World Meteorological Organization (WMO), has released a report that suggests the amount of greenhouse gases in the atmosphere reached a record high in 2010. The report particularly noted the levels of nitrous oxide.
220 kg block of gold

Harmony Gold to Restart South African Mine

Harmony Gold said on Saturday a miner who was trapped underground at its Kusasalethu mine in South Africa after a fall of ground has died and that all operations remained suspended pending an investigation.
Ted Forstmann is Honored by Oprah Winfrey in New York

Ted Forstmann: Sportsman, Philanthropist and Ladies' Man, Dies at 71

Theodore J. Forstmann, better known as Ted Forstmann, the co-founder of private equity firm Forstmann Little & Company and Chief Executive Officer (CEO) of the International Management Group (IMG) died on Sunday, of brain cancer. The 71-year-old private equity investor and philanthropist had been battling the illness for six months.
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Pak. Girl Nominated for International Peace Prize for Opposing Taliban

It was not the acclaim of an international prize that motivated a 11-year-old Pakistani girl to oppose the Taliban's decision to ban education for girls in her neighborhood. Malala Yousufzai, now 13, attracted attention from around the world and focused it on the sorry state of affairs in the Swat Valley, which is located close to the Afghan-Pakistan border, simply because she wanted a better life, where nobody would stop her from learning or watching her favorite Indian television series.

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