The rand fell more than 1,7% to a three-week low against the dollar on Wednesday as Europe’s debt problems kept investors wary of risk.
South African blue-chip stocks closed around 1,2% higher on Tuesday as telecoms, mining and banking shares rebounded.
Microsoft South Africa, a unit of the world’s largest software firm, will invest R475-million in four black-owned software firms.
Cellphone operator Vodacom said on Monday first-half earnings rose 38,4% and lifted its interim dividend 64%.
Aveng, Africa’s largest builder by market value, posted an 8% drop in full-year profit, hit by lower demand for construction projects.
Vodacom is teaming up with Nedbank to deliver a phone-based cash transfer service, similar to a successful service operating in Kenya.
The Sports Ministry on Thursday cancelled a press conference at short notice to announce a decision on Caster Semenya’s possible return to action.
The proposed tie-up between cellphone group MTN and India’s Bharti Airtel needs Cabinet level approval in SA, as the deal enters a critical week.
The South African government backs a proposed tie-up between MTN Group and India’s Bharti Airtel.
MTN Group on Thursday reiterated that no decision had been taken with regard to its proposed merger with India’s Bharti Airtel.