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A year ago, South Africa's biggest gold producer was churning cash, sizing up acquisitions and plotting expansion projects. Today, High costs and labor-intensive operations mean that Sibanye and other South African producers are highly leveraged to one of the world's most volatile major currencies. Sibanye expects to report a first-half loss of at least $ 360 million, compared with a $ 22 million profit a year earlier, the company said on Thursday.
Veteran Zimbabwe leader Robert Mugabe has arrived in South Africa, state media said on Friday, for a regional summit overshadowed by accusations his wife assaulted a 20-year-old model in a Johannesburg hotel room with an electric cable. Zimbabwe's Herald newspaper, the government's main mouthpiece, said 93-year-old Mugabe arrived at a military air base near Pretoria late on Thursday.
Over half a century since the world premiere of the original production of KING KONG – THE MUSICAL, Eric Abraham and the Fugard Theatre bring this legendary and iconic musical 'home' to Johannesburg. The run comes hot off the Cape Town season, which is currently playing to five star reviews, rapturous responses and sold-out houses at the Fugard Theatre until 2 September.
The day after violence in Charlottesville, Va., broke out I visited Soweto, South Africa. South Africans I talked to said they were shocked at the violence in Charlottesville.
News from Africa: