Mining After Marikana: South Africa Marks First Anniversary Of Deadly Labor Dispute, But Little Has Changed For Workers
Despite dozens of lives that were lost, the South African mining industry is still riven by the same disputes.
South African Banknotes Will Bear Nelson Mandela’s Likeness
Saturday also marked the 22nd anniversary of Mandela’s release from Robben Island prison.
IMF's Lagarde: euro likely to survive 2012
The euro is likely to survive 2012 despite the debt crisis in the euro currency zone, International Monetary Fund Managing Director Christine Lagarde said on Friday.
S.Africa rand steadies, yields down as bonds edge up
South Africa's rand reversed its earlier losses against the dollar on Wednesday and government bond yields pulled back from the previous day's multi-week highs as local assets took a breather from a hammering brought on by global risk aversion.
S.Africa monetary policy to focus on inflation: Marcus
South Africa's monetary policy will maintain its focus on hitting a 3-6 percent inflation target over the medium term but will remain sensitive to the domestic economic situation, Reserve Bank Governor Gill Marcus said on Tuesday.
S.Africa's rand firms, bonds weak on rates outlook
South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.
SAfrica cbank holds rates, targets inflation
South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path.
SAfrica's rand falls 2.8 pct on outlook downgrade, EZ crisis
South African assets fell on Wednesday when investors were spooked by a ratings outlook downgrade of the domestic economy, which added to market fears over the euro zone debt crisis.
S.Africa rand hits 26-month low after dovish c.bank comments
South Africa's rand briefly hit a new 26-month low against the dollar on Thursday, and bonds trimmed losses, after a central bank statement was largely viewed as dovish but the currency stabilised in late trade after two days of hefty losses.
S.Africa holds repo rate flat, rand slides
South Africa's Reserve Bank left its repo rate unchanged on Thursday and struck a dovish note as it balanced its concerns for domestic economic growth with an expected increase in inflation stemming from a sharply weaker rand.
S.Africa's factory output slows, government to buffer economy
South Africa's government would act to shield the local economy against the impact of a new global recession, Finance Minister Pravin Gordhan said on Thursday, as data pointed to a slowdown in factory output in the second quarter.
S.Africa bonds fall on Budget, rand buoyed by c.bank comment
South African government bonds fell to three-month lows on Wednesday but the rand firmed over 1.0 percent after the finance ministry projected a higher- than-expected budget deficit for the 2011/2012 financial year.
S.Africa's rand steady against dollar, stocks gain
South Africa's rand was little changed from last week's closing levels against the dollar on Monday, with central bank intervention helping stem gains in the currency despite support from stronger commodity prices.
S.Africa bonds extend losses, yields at 7-mth highs
South African government bonds sharply extended losses on Friday, a day after the central bank left interest rates unchanged and hinted it might have ended a cutting cycle as inflationary pressures rise.
S.Africa leaves repo rate at 5.5 percent
South Africa's Reserve Bank left its repo rate steady at 5.5 percent as expected on Thursday, citing an improving economic outlook and sustained recovery in domestic consumption.