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Apr 29, 2016
South Africa's trade balance swung to a R2.92-billion ($206.10million) surplus in March from a revised R1.27-billion deficit in February, the national revenue agency said on Friday. Exports were up by 6.3% to R96.13-billion on a month-on-month basis, while imports...
Apr 29, 2016
South Africa's rand extended its gains against dollar on Friday to hit a five-month high after a court ruled that a 2009 decision to drop 783 corruption charges against President Jacob Zuma was irrational and should be reviewed. The rand hit a high of 14.1650 per...
Apr 29, 2016
South Africa's High Court on Friday ruled that a 2009 decision to drop 783 corruption charges against President Jacob Zuma should be reviewed, another setback for the scandal-ridden leader, who faces calls for his resignation. The decision to set aside the charges...
Apr 28, 2016
The global iron-ore market is in better condition than expected, with Chinese demand improving, the CEO of Brazil's Vale said on Thursday. Murilo Ferreira told investors on a conference call that he had been positively surprised by the health of the Chinese market...
Apr 28, 2016
Southern Copper's net profit dropped 34.5% to $185.1-million, or $0.24 a share, in the first quarter on slumping metal prices, the company said Thursday. The result was better than the mean market estimate of $139.76-million, according to Thomson Reuters I/B/E/S.
Apr 28, 2016
Mexican miner Penoles on Thursday reported a 65% drop in first-quarter net profit compared to the same period a year earlier, hit by higher financial costs on options it owned. The miner and metals processor which runs the world's largest primary silver producer,...
Apr 28, 2016
Unionised workers at Chilean copper mine El Abra, controlled by Freeport-McMoran, accepted a wage contract offered by the company, union president Juana Mejias said on Thursday. Tensions between the union and Arizona-based Freeport, the world's biggest listed copper...
Apr 28, 2016
African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits. Equity firms sold investments in 44 companies in 2015, compared to 39...
Apr 28, 2016
Nigeria's Dangote Sugar Refinery plans to raise 100-billion naira ($503-million) through a mix of debt and equity by the third quarter, its chief finance officer Babatunde Ajao said on Wednesday. The company, owned by Africa's richest man Aliko Dangote, and supplies...
Apr 28, 2016
Canadian gold producer Goldcorp Inc on Wednesday reported better-than-expected earnings, returning to a profit in the first quarter on the back of higher production and lower costs. Goldcorp, the world's third-biggest gold producer by market value, left its 2016...
 
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