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.
The leadership of the SA Chamber of Business (Sacob) was confident on Thursday that two days of behind-closed-doors discussions in East London this week would help to refocus the embattled organisation.
The rand reached R9,27 per dollar on Monday - a 17% improvement against the US dollar since the start of this year, and a massive 35% improvement on the record worst level of R13,86 per dollar reached on December 20, 2001.
Gold held under the cloud of a resurgent dollar on Wednesday as funds held back from pushing the precious metal back onto its bull path which had taken gold this month to its highest level in more than two years.
The South African arm of drugs giant Boehringer Ingelheim said on Tuesday it had granted a licence to a South African pharmaceutical firm to allow it to produce, distribute and sell the antiretroviral drug nevirapine.
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.