SOUTH AFRICA

Baltic Dry Index, Leading Indicator of World Economy, Down 58% in January

A freight ship leaves Southampton docks
A leading indicator of the state of global industry -- whose biggest dips in the past have come just before the world economy fell into recession -- is dropping like a lead anchor. Some savvy market forecasters are saying this should be sounding alarm bells. But what do the experts who actually work in shipping have to say?
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A sculpture showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

Europe Poses Global Recession Threat: IMF

Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.
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Mail Aims to Raise State's Share in Mining Projects

Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
Brittany Kerr

Brittany Kerr, Charlotte Bobcats Dancer: ‘American Idol’ Audition Leads to Crazed Photo Search [PHOTOS]

Beautiful Brittany Kerr, who is a dancer for the Charlotte Bobcats, had no idea what a frenzy her American Idol audition would cause. Kerr, a stunning NBA dancer and singing hopeful who resembles former Idol contestant Carrie Underwood, caused quite the stir after her American Idol audition aired last week on FOX. A massive traffic influx of thousands of fans searching for her photos crashed Kerr's manager's Web site.
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Costa Concordia: Acts of Cowardice and Bravery by Past Captains

The cowardly act of the Costa Concordia's captain, Francesco Schettino, who has been accused of abandoning the sinking ship, leaving more than 4,200 passengers onboard, has added another unsavory chapter to the less reputable parts of maritime history. Fortunately, the seas have examples of bravery as well. If the above cases pointed to instances of cowardice and shame, there are incidents where the heroism of the captains onboard sinking ships has become legendary.
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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.
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.
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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