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Gold Fields Friday announced a 27 percent rise in quarterly earnings, as its results were lifted by a favourable exchange rate.


Earnings for the quarter increased to R2.605 million or 361 SA cents per share, when compared with the previous quarter.


The company declared a final dividend of 230 cents a share.

South African riot police reportedly fired tear gas, rubber bullets and water cannon on Thursday at hundreds of striking miners who went on the rampage at Impala Platinum's Rustenburg plant.

Implats, the world's single biggest platinum mine, earlier on Thursday...

Suspended youth league president Julius Malema was thrown a lifeline on Thursday when Ronald Lamola, deputy president of the league, said the ANC youth league "will never agree that its leadership is subjected to unfair and unjust (procedures) or banished for narrow political purposes. The leadership has been elected by the 24th national...

Impala Platinum, the world's second-largest platinum producer, Thursday reported a 66 percent jump in first-half earnings after a weaker rand bolstered the price it receives for its product.


Implats CEO David Brown said: “The first half of FY2012 has been characterised by a good operational performance in a difficult operating...

The death toll from Cyclone Giovanna, which hit Madagascar earlier this week, has risen to 16, officials say.

More than 10,000 people have been left homeless after the category 4 storm made landfall on Tuesday, the National Disaster Management Office said.

Some 3,380 homes and 38 schools have been destroyed.

...

Every second teenager in the average South African home drinks alcohol.


The starling statistic was released Tuesday by South African Breweries Limited (SAB) at the launch of a new programme to tackle underage drinking.

South African miner Exxaro Resources has taken a majority share of Perth, Australia-based iron ore explorer African Iron after last-minute acceptances of multi-million dollar offer.


Exxaro's takeover offer was due to expire on Tuesday if it failed to gain acceptance from at least 50 percent of African Iron's share holders.

...

Frenzied attempts across Europe to bailout Greece and save it from a potentially devastating default on its debts were dealt a fresh blow on Tuesday night when a meeting of the finance chiefs of the 17 euro countries to discuss Greece's second multi-billion bailout on Wednesday was called off.


The decision was made after Athens...

DRDGold, South Africa's fourth-largest gold producer, on Tuesday announced that second-quarter earnings climbed 66 percent as it continued to cash in on the higher gold price.

Total gold production was 63 659oz compared with 63 562oz in the previous quarter.

The company, which plans to exit underground mining, aims to...

Anglo American Platinum (Amplats), the world's largest platinum producer, on Monday announced that its earnings for 2011 fell by 29 percent.

It said a government drive to stem the death toll in the South Africa's mines forced it to halt production 81 times for safety reasons, over double the 2010 figure.

"While we agree...

Greek MPs have approved a deeply unpopular austerity bill, demanded by the eurozone and IMF in return for a second bailout and to avoid national bankruptcy.

The altogether vote was carried by 199 in favour to 74 against. 43 deputies from the two parties in the government of Prime Minister Lucas Papademos, the socialists and...

South Africa is to issue a complete set of banknotes bearing the image of its first black president, Nelson Mandela.

The South African Reserve Bank announced that it was “in the process of producing” the notes on Saturday

Zambia is celebrating winning a first Africa Cup of Nations title after beating tournament favourites Ivory Coast 8-7 on penalties on Sunday.

Zambia have been runners-up twice and have been inspired throughout the tournament by the loss of the 1993 Chipolopolo team after a plane crash close to the venue of the final in Libreville....

The South African Reserve Bank (SARB) on Friday afternoon scheduled a press conference for Saturday to make an announcement of “national importance”.

A media advisory said: “The Presidency of the Republic of South Africa, the Ministry of Finance and the SARB will make an announcement of national importance. The President, Mr Jacob...

Jacob Zuma’s latest State of the Nation address was full of promise and he’s pledged to boost the economy, skills and jobs with a massive infrastructure development drive.

Nothing new there, you might think: Government has been pushing infrastructure as a means of kick-starting the economy and reducing unemployment since at least...

South African President Jacob Zuma has unveiled a R1 billion fund for low-income earners who struggle to obtain home loans from banks.

Under the plans, people earning between R5000 and R15,000 will be granted an R83,000 subsidy from provincial governments to make it easier for banks to approve their loan applications.

...

The South African government has announced plans to set up a R1.6 billion plant to manufacture active pharmaceutical ingredients for antiretroviral medicines (ARVs) used in the treatment of HIV and Aids.

The plant, dubbed Ketlaphela, which will be built near Pelindaba in Gauteng, is a joint venture between the SA government, through...

The world's top diamond producer De Beers announced an "exceptional year” in 2011 in a results statement on Friday.

Profits were up 72 percent on surging consumer demand, while total sales rose 26 percent, even though production slipped down five percent from 2010.

"Our total sales for 2011, our second highest since...

President Jacob Zuma has squashed more than two years of talk about the nationalisation of South Africa's mining sector, saying state control or ownership would not work.

Asked during a televised breakfast briefing on Friday if the government planned to nationalise mines, Zuma said: "We're very clear. It is not our policy. We've...

Mining production in South Africa rose by 0.3 percent in the fourth quarter of 2011 compared with the third quarter of 2011 after two quarterly declines, Statistics South Africa (Stats SA) reported on Thursday.

Eight of the 12 mineral groups and minerals contributed positively to the 0.3 percent increase, with coal being the main...