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Nov. 10 (Bloomberg) -- South Africa’s Economic Development Minister Ebrahim Patel said he never proposed fixing the rand. The Cabinet agrees that a competitive rand is needed and the ministry will host a debate on the exchange rate within two weeks, Patel told reporters in Cape Town today.
Nov. 10 (Bloomberg) -- The biggest labor union at Eskom Holdings Ltd. backed the departing chairman against allegations of racism and called for the chief executive officer to step down, deepening a fight between the ruling African National Congress and its allies over state-owned companies.
Nov. 10 (Bloomberg) -- The rand may slide to weaker than 8 per dollar by year-end as South Africa’s government intervenes to stem a 26 percent rally in the currency this year that has crimped exports, according to Royal Bank of Scotland Plc.
Nov. 10 (Bloomberg) -- Former South African soccer captain Lucas Radebe warned his country’s national team players they risk making the World Cup a “disaster” if they fail to make it through the opening round.
LONDON (AP) — World Cup organizers say there was never an emergency plan to move the 2010 soccer tournament if South Africa were not ready.
Nov. 10 (Bloomberg) -- The rand may slide to weaker than 8 per dollar by year-end as South Africa’s government intervenes to stem the currency’s 26 percent rally this year that has crimped exports, according to Royal Bank of Scotland Plc.
Turkey Bingo in Basalt benefits children of South Africa Aspen Times staff report Aspen, CO Colorado BASALT - The Kids to Kids International Club at Basalt High School will host its annual Turkey Bingo night from 6 to 9 Friday at Basalt High School. Adult tickets are $12, kids are $8, families of four are $30, and a family of five is $35. Dinner and dessert are included. All profits will go ...
Wearing an old-style swimsuit, Michael Phelps missed out on two finals and barely qualified for a third Tuesday at a World Cup short-course meet.
Nov. 10 (Bloomberg) -- The rand snapped a five-day rally against the dollar as the price of gold retreated from yesterday’s all-time high and platinum prices fell, dimming the earnings outlook for South Africa’s biggest exports.
World Cup organizers say there was never an emergency plan to move the 2010 soccer tournament if South Africa were not ready.
Wearing an old-style swimsuit, Michael Phelps missed out on two finals and barely qualified for a third Tuesday at a World Cup short-course meet.
Nov. 9 (Bloomberg) -- Bobby Godsell said he resigned as chairman of Eskom Holdings Ltd., the state-owned company supplying 95 percent of South Africa’s power, because the government didn’t support a plan to oust the chief executive officer.
The Miss World whirlwind whipped into London on Monday, with beauty queens from across the globe gathering to kick off the official countdown to next month's grand final in Johannesburg.
Nov. 10 (Bloomberg) -- Emerging-market stocks are poised to gain 25 percent by the end of next year, for the steepest two- year rally since 1989, as earnings surge and investors boost holdings in the fastest-growing economies, Morgan Stanley said.
In his third season in Major League Soccer, David Beckham has earned a spot in the playoffs and the respect (sometimes grudging) of teammates and fans.
Nov. 10 (Bloomberg) -- Emerging-market stocks are poised to gain 25 percent by the end of next year, for the steepest two- year rally since 1989, as earnings surge and investors boost holdings in the fastest-growing economies, Morgan Stanley said.
Telecommunications company Vodafone Group PLC on Tuesday reported a 15 percent increase in first-half net profit. Results were boosted by favorable currency movements, lower taxes and expansion at its Verizon Wireless venture in the U.S.
Fasten your seat belts and get ready to soar in November for Aviation History Month.
AC Milan midfielder Clarence Seedorf expects David Beckham's return to the club to be a boon for both the Italian giants and the England star.
It is the British empire of the dead.
Nov. 10 (Bloomberg) -- There are tough new regulations on the horizon. There are scandals and arrests. Investors, shaken by the credit crunch, are nervous about taking risks.
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