R/€ = 16.41 Change: -0.02
R/$ = 14.18 Change: -0.02
Au 1225.15 $/oz Change: -4.40
Pt 841.50 $/oz Change: -2.64


SA in talks with Qatar to buy LNG

22nd June 2010 South Africa is in discussions with Qatar to buy liquefied natural gas (LNG) from the Gulf state, the South African ambassador to Qatar said on Tuesday. Talks with state-run LNG giant Qatargas have been ongoing for about a year, Vincent Zulu told Reuters by telephone.  

Namibia diamond output jumps as demand recovers

22nd June 2010 Namibian diamond production for the first five months of 2010 was more than half the entire output in 2009, while the value of sales also rose, signalling a recovery of the industry undermined by recession. Production between January and May 2010 reached 580 000 ct, compared to 929 006 ct for... 

Australia and China sign deals worth over $8,8bn

21st June 2010 Australia and China signed more than $8,8-billion of commercial and mining deals on Monday as a senior Chinese leader urged closer trade ties, in a sign that Australia's mining tax has not deterred investment. China is Australia's largest export market, accounting for 19% of exports worth... 

Union says hopes to reach deal with Eskom

21st June 2010 South Africa's biggest union said it was hopeful fresh wage negotiations on Monday with state-owned power utility Eskom could avert a strike that could disrupt electricity supply during the World Cup. "I hope it won't come to a strike," said Lesiba Seshoka, spokesman of the National Union of... 

Kenya's 2010 economic growth forecast modest

15th June 2010 Kenya could grow more quickly than the government's forecast of 4-5 percent for this year assisted by fiscal stimulus, the governor of the central bank said on Tuesday. Cheaper credit and good rains are also expected to boost east Africa's largest economy, after a bloody post-election crisis in... 

IMF says Botswana should improve fiscal management

15th June 2010 Botswana official revenues are likely to come under pressure due to a fall in mining receipts and the government needs to improve its management of public finance, the International Monetary Fund said. "The outlook for government revenues is set to become more constrained reflecting a trend... 

Africa must launch tough economic reforms – Clinton

15th June 2010 African nations must stop seeking handouts and begin tough structural reforms, especially on trade, if they truly want to improve their economies, US Secretary of State Hillary Clinton on Monday. "Most of the work that needs to be done needs to be done in Africa," Clinton told a forum about US... 

Afghan mineral wealth could top $1-trillion - Pentagon

14th June 2010 Untapped mineral deposits in Afghanistan may be worth more than $1 trillion, a finding that could reshape the country's economy and help U.S. efforts to bolster the war-battered government, a Pentagon spokesman said on Monday. Afghanistan has significant deposits of copper, iron ore, gold,... 

Nigeria's Oando to float local fuel arm by Q3

14th June 2010 Diversified Nigerian energy company Oando Plc hopes to raise $250-million by floating a minority stake in its local fuel retail arm on the Lagos bourse by September. The sale of up to 49% of the country's biggest fuel retailer, valued at $500-million by CEO Wale Tinubu on Monday, is part of... 

Freeworld says may see competing takeover bid

11th June 2010 South Africa's Freeworld Coatings, currently the target of a takeover bid by private equity group Brait SA, said on Friday it could receive a competing takeover bid, sending its shares higher. Brait said in March it offered R1,7-billion for the 81% in Freeworld it does not already own, adding it... 

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