Business
Zimbabwe 2008 platinum output to rise despite crisis
JOHANNESBURG (Reuters) - Zimbabwe, which has the second largest reserves of platinum after South Africa, is forecast to lift platinum output this year despite a political and economic crisis, a report said on Tuesday.
Vodafone takes control of Vodacom
LONDON - Vodafone, the world's biggest mobile phone group by revenue, will take control of South Africa's largest, Vodacom Group, after announcing on Thursday it had agreed to buy a further 15 percent stake for 22.5 billion rand....
An overbought dollar lurches even higher
NEW YORK (Reuters) - A brutal global crisis has prompted investors around the world to dump their own currencies and seek shelter in the U.S. dollar, a trend many analysts see will carry on for some time....
Usual Suspects Eyeing Zimbabwe for Massive Deregulation
CAPE TOWN, (IPS) - As the global financial crisis unfolds and more questions are asked about excessive deregulation, the World Bank and others are preparing economic policy prescriptions that will throw open Zimbabwe’s economy to the whims of the world markets....
Power bill arrives, Zimbabwe gold mine shuts down
Harare - A Zimbabwean gold mine was this week forced to shut down after failing to settle an electricity bill with the country's state power company, threatening the jobs of 600 workers, an industry official said on Friday....
Global crisis: Zambian hard hit by falling copper prices
LUSAKA (Reuters) - Mineral-producing Zambia fears global economic turmoil will lower copper demand from China and the West and hurt its economic growth, which depends heavily on the metal, the finance minister said on Saturday....
SOUTHERN AFRICA: The economic future may be darker
JOHANNESBURG, (IRIN) - Africa's marginalisation in the global financial system will not spare it the repercussions of the market meltdown affecting the rest of the world, but how hard its economies will be hit is unclear. ...
South African economy looks gloom with cuts in growth forecast and Budget surplus
JOHANNESBURG (Reuters) - South Africa's Finance Minister Trevor Manuel is expected to cut growth forecasts next week as Africa's biggest economy braces for the ripple effects of a global credit crisis and slowing world growth....
Recession fears hammer South African stocks
JOHANNESBURG (Reuters) - South African stocks plunged more than 7 percent to the lowest closing level in more than 2 years on Wednesday as recession fears hammered global equities and bearish comments from Rio Tinto slammed miners....
Oil falls toward $78 on global recession, as demand drops
SINGAPORE - Oil fell on Wednesday but held above $78, as traders' fears of a global recession just about outweighed optimism for an economic recovery spurred by bank rescue schemes....
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