South Africa finance minister sees "new normality" for strike-hit rand

By Reuters UK

South African Finance Minister Pravin Gordhan said on Wednesday labour strikes in the country's mainstay mining sector have hurt the rand and expressed confidence the currency will bounce back. (Oct 10)

MORE TOPICS: GOLD, IMF, SOUTH AFRICA, INTERNATIONAL MONETARY FUND, INVESTMENT

South African Banknotes Will Bear Nelson Mandela’s Likeness

By IBTimes

Saturday also marked the 22nd anniversary of Mandela’s release from Robben Island prison. (Feb 12, 2012)

MORE TOPICS: JACOB ZUMA, NELSON MANDELA, SOUTH AFRICA, SOUTH AFRICAN RESERVE BANK

South African bank notes to bear Mandela's image

By Reuters UK

Nelson Mandela's face will feature on all South Africa's bank notes to honour the former president's role in fighting apartheid, President Jacob Zuma said on Saturday. (Feb 12, 2012)

MORE TOPICS: HUMAN RIGHTS, JACOB ZUMA

IMF's Lagarde: euro likely to survive 2012

By Reuters

The euro is likely to survive 2012 despite the debt crisis in the euro currency zone, International Monetary Fund Managing Director Christine Lagarde said on Friday. (Jan 06, 2012)

MORE TOPICS: IMF, JACOB ZUMA, SOUTH AFRICA, INTERNATIONAL MONETARY FUND, EMERGING MARKETS

S.Africa rand steadies, yields down as bonds edge up

By Reuters

South Africa's rand reversed its earlier losses against the dollar on Wednesday and government bond yields pulled back from the previous day's multi-week highs as local assets took a breather from a hammering brought on by global risk aversion. (Nov 17, 2011)

MORE TOPICS: FIXED-INCOME, RETAIL SALES, RETAIL, MANAGEMENT

S.African Rand Hits a 2-Week Low

By IBTimes Africa

South Africa's government bonds fell sharply on Tuesday and yields surged to six week highs as the market took comments from Governor Gill Marcus that the central bank would maintain its focus on inflation as a sign it might not cut rates further. (Nov 16, 2011)

S.Africa monetary policy to focus on inflation: Marcus

By Reuters

South Africa's monetary policy will maintain its focus on hitting a 3-6 percent inflation target over the medium term but will remain sensitive to the domestic economic situation, Reserve Bank Governor Gill Marcus said on Tuesday. (Nov 16, 2011)

MORE TOPICS: JACOB ZUMA, SOUTH AFRICA

S.Africa's rand firms, bonds weak on rates outlook

By Reuters

South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk. (Nov 12, 2011)

MORE TOPICS: NEDBANK

S.Africa C.bank to manage Anglo/De Beers inflows

By Reuters

The South African Reserve Bank will "manage" any inflows related to a $5.1 billion deal between Anglo American and De Beers to mitigate any impact on the rand currency, it said on Thursday. (Nov 11, 2011)

MORE TOPICS: SOUTH AFRICAN RESERVE BANK, DE BEERS

SAfrica cbank holds rates, targets inflation

By Reuters

South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path. (Nov 11, 2011)

MORE TOPICS: GDP, NEDBANK, EMERGING MARKETS