South Africa’s current-account deficit widened to 6.8 percent of gross domestic product in the third quarter, the biggest gap in more than five years, as a weak rand boosted import costs while strikes and subdued global demand hurt exports.
South African arms manufacturer Ivor Ichikowitz donated a military helicopter to help catch rhino poachers in the Kruger National Park, where about 50 of the animals are killed a month for their horns.
South Africa’s main opposition party agreed to support race-based measures to overcome apartheid’s legacy while maintaining its rejection of employment quotas to give black citizens a bigger stake in the economy.
Zimbabwe’s planned sovereign wealth fund may get as much as a quarter of mining royalties and the same share of “special dividends” on state mineral and metal sales. Parliament will also be able to appropriate money to benefit the fund.
The government of Zimbabwe, which has the world’s second-biggest platinum reserves, is planning a new mine law that may compel companies to use exploration concessions or face losing them and will determine how much miners pay to use land.