The company said labour costs fell 194 million rand ($11.8 million) in the last three months of 2015 after it shed 5,077 jobs, or 84.6 percent of its planned reduction in head count.
An eyeball comparison shows that Nigeria’s currency is overvalued at 200/$ and SA is also far behind Egypt, based on the official EGP and spot ZAR rates.
De Abreu has been deputy governor of the Bank of Mozambique since Dec. 2010
Political analyst, Shawn Hagedorn, says people should step back and accept that various sections of the community have legitimate interests.
S&P said South Africa was in danger of missing its fiscal targets.
S.Africa's rand weakened in early trade on Tuesday as an oil price plunge swung global markets away from riskier assets.
Finance Minister Pravin Gordhan has more to do to salvage the country from impending 'potential' ratings downgrade.
The shaft, part of Implat's Rustenburg operations northwest of Johannesburg, remains closed.
How is a weak rand affecting the insurance sector?
South Africa’s currency lost 26% of its value in the six months after turmoil gripped Chinese markets in June 2015.
Stocks were up slightly in early trade, with the broader All-share index and the blue-chip Top-40 each edging up.
The General Manager of the centre, Barry MacColl, says the power utility is researching ways of producing cheaper electricity.
“Investing now means having a head start and being rewarded for being an ‘early initiator’ rather than a ‘late adopter’.”
South Africa's rand was mostly flat against the dollar in early Friday trade.
Chevron has already disposed of several assets in Africa's top crude exporter Nigeria, as oil majors globally looked to cut costs.
The government will increase NSFAS funding by R5 billion ($301 million) this year.
Is S.Africa facing a ratings downgrade?
South African Finance Minister Pravin Gordhan defends controversial investment law.
The SARB governor said the bank was facing a policy dilemma of slow growth and rising inflation ahead of a decision on interest rates.
The United States Consulate hosted a panel discussion focusing on the challenges and opportunities of doing business in South Africa.