South Africa's Vodacom Group said on Friday its proposed acquisition of a 30% stake in fibre network operator Maziv could value the target company at up to 36 billion rand ($2 billion) after agreeing revised terms.

The South African rand firmed on Tuesday after the release of better-than-expected local mining production figures and as U.S. data showed rising inflation in June in the world’s largest economy. At 1311 GMT,

Petrol price recoveries are holding firm, but diesel drivers could be facing even more trouble in the months ahead as global supplies come under pressure.

South Africa's Valterra Platinum expects to report a sharp fall in first half profit by as much as 88% due to lower output and sales as well as one-off costs related to its demerger from Anglo American Plc group,

The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.