SOUTH AFRICA

Ricky Ponting

Ricky Ponting Retires from ODI; Hopes to Play 2013 Ashes

Ricky Ponting, Australia's most successful one-day cricketer, accepted that his limited overs international career was over on Tuesday but said he wanted to continue in test cricket and hoped to play in the 2013 Ashes. It's a bit hard to say I've retired given I've been dropped but I don't expect to play one-day international cricket anymore, he said.

Gold Prices up on Optimism about Greek Debt Fix

Gold could hit $2,000 in 2012, according to the latest Thomson Reuters GFMS survey
Gold prices rose more than half a percent on Monday as growing optimism that European leaders will sign off on a rescue deal for Greece lifted the euro, and after China's central bank further loosened monetary policy.
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Gold could hit $2,000 in 2012, according to the latest Thomson Reuters GFMS survey

DRDGold's Quarterly Earnings Soar 65%

DRDGold, South Africa's fourth-largest gold producer, said on Tuesday that second-quarter earnings climbed 65 percent as it continued to cash in on the higher gold price.
Gold coins

Barrick Gold to Sell Stake in Russia's Highland Gold

Canada's Barrick Gold, the world's largest gold producer, plans to sell its 20 percent stake in Russia's Highland Gold, pulling out of one of the world's most promising - but also toughest - gold frontiers.
South Africa's President Jacob Zuma gives a statement after meeting with Libyan leader Muammar Gaddafi at Gaddafi's Bab al-Aziziya residence in Tripoli April 10, 2011.

SA's Pres Nixes Mine Nationalization

President Jacob Zuma squashed more than two years of talk on Friday about the nationalisation of South Africa's massive mining sector, saying state control or ownership of the mines in the world's biggest platinum producer could not work.
AngloGold Ashanti gold mine in Ghana

Miners in Africa Facing Soaring Costs

Labour demands in the south, power problems in the east and new tax burdens in the west: wherever you look in Africa, miners face a perfect storm of soaring costs.
Platinum bars

Ivanplats to Produce Platinum at Negative Cost - Report

Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in South Africa, potentially shaking up an industry squeezed by stoppages, rising wages and power charges.
Harmony Gold CEO Graham Briggs

Harmony Gold Cuts Full-Year Production Target

Harmony Gold, South Africa's third-largest bullion miner, cut its full-year production target by 13 percent on Monday, as safety stoppages threatened to crimp a surge in profit from record gold prices.
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Gold Dips 1% on U.S. Jobs Data, Posts Small Weekly Drop

Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging U.S. payrolls data smashed hopes of extra stimulus from the Federal Reserve, which had been priced into bullion's recent rally.
A customer arrives at a Kentucky Fried Chicken restaurant in Shamokin Dam, Pennsylvania, July 13, 2011.

Yum Brands Sees 130 New Africa Stores This Year: Report

U.S. fast-food giant Yum Brands Inc. plans to open 130 new KFC stores in Africa this year, bringing its presence on the continent to 1,000 restaurants, the Business Day newspaper in South Africa said on Friday, citing a senior executive.

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