South Africa News
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Top-ranked England will start preparations for the second cricket Test against West Indies tomorrow as it seeks to wrap up a series victory after winning the opening match.
The yen declined against most of its major counterparts on speculation the Bank of Japan will add to stimulus measures this week to support growth and weaken the nation’s foreign-exchange rates. -
South Africa approved 19 wind, solar and hydropower proposals in a second bidding round, increasing the cost of renewable-energy projects given the go-ahead to 73 billion rand ($8.8 billion) as the nation boosts cleaner energy.
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The rand gained for the first time in 10 days as commodities rallied on bets China will focus more on bolstering economic growth, boosting demand from the biggest industrial metals user. Bonds advanced for a fourth day.
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Kenya’s All-Share Index climbed 0.2 percent, a third day of gains, to 64.33 in Nairobi.
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Acciona SA and Aveng Ltd. won two renewable-energy projects in South Africa.
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Ian Bell and Alastair Cook combined for 74 runs to push England to 131-4 at lunch on the final day of the opening cricket Test with West Indies at Lord’s in London.
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Kenya’s shilling retreated, heading for its lowest level in more than four months, after risk-averse investors bought dollars and yields on local debt fell.
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Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, dropped to the lowest level in 19 months.
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