South African Reserve Bank head Tito Mboweni said on Wednesday it would not struggle against inflation at all costs in what analysts saw as a sign another interest rate hike could be avoided later this month.
Opec oil producers kept the heat under strong crude prices on Wednesday as ministers arrived in Japan for a meeting that looks likely to keep stiff output limits in place. Opec appears in no mood to make concessions to the industrialised powers that buy its oil, despite concern that high energy costs are stunting global economic recovery.
Once a week, a cargo ship packed with hundreds of luxury German cars, destined for the export market, leaves the East London harbour in South Africa's Eastern Cape province, the heartland of the auto industry.
Winning the guilty plea of an important former Enron Corporation insider, the Justice Department set sights on its biggest target yet in the massive fraud investigation: Enron's former chief financial officer.
South Africa's big mining companies are likely to know next month how they should implement a new charter that aims to give blacks a bigger stake in the white-owned industry, a key negotiator said on Tuesday.