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Feb 10 2012 18:19
The rand tumbled against the dollar in late afternoon trade as the local currency tracked a jittery euro.
Feb 10 2012 17:28
President Jacob Zuma will make an announcement "of national importance" on Saturday, says a central bank statement.
Feb 10 2012 14:37
A weak euro has dragged down the rand, causing it to extend losses against the dollar as the eurozone debt crisis affected investor sentiment.
Johannesburg - South Africa's logistics group Transnet said on Tuesday its National Port Authority division was not in talks to build a new coal terminal in the country.
South African industry sources said at a coal conference in Mumbai that a new thermal coal export terminal will be built this year at South Dunes near Richards Bay that could start shipments as early as June.
"I'd like to confirm that Transnet is not in talks with anyone regarding building a coal terminal in Richards Bay," John Dludlu, a Transnet spokesperson said.
- Reuters