South African Reserve Bank (SARB) Governor Tito Mboweni defended the country's inflation targeting framework on Thursday, vowing that the central bank will continue to make decisions based on international best practice.
A wage agreement signed in Kempton Park between the SA Local Government Association (Salga) and the SA Municipal Workers Union (Samwu) on Friday has brought the three-week-long municipal strike to an end.
SOUTH AFRICAN banking group FirstRand has made an offer to acquire troubled Saambou Bank and would not be working with the government in a public-private partnership as originally thought, Saambou's curator said.
South African diversified industrial company Bidvest Group Ltd said it was dropping its offer for British food group Brake Bros Plc after the UK government referred its bid to the Competition Commission.
The precedent of a tourist massacre in Egypt in 1997 suggests Indonesia will suffer a 20% drop in foreign visitors following last month's deadly bombing on the resort island of Bali, the World Bank said in a report published on Wednesday.
The International Monetary Fund has told Malawi's government to sort out some ''pressure points'' in its current budget before lending to the impoverished southern African nation can be resumed, a report said on Wednesday.
Switzerland's generosity and humanitarian tradition will be put to the test next Sunday when voters decide how to use billions of dollars rolling in from selling off part of the country's huge gold reserves.