UPDATE 1-South African stocks lifted by global markets, gold gains

Rescue workers in South Africa trying to free 17 miners trapped underground following a fire at a gold mine west of Johannesburg.

South African Gold Shipments to London Have Been Cut Off  BloombergView Full coverage on Google News

Asian Markets Enjoy Second Straight Day of Gains  Voice of America

Gold futures on the COMEX division of the New York Mercantile Exchange extended losses on Thursday as US dollar continued to strengthen while US stocks went up.

Revenue gained from gold sales last year has nose-dived by 14.8 per cent from $2,232.3 million in 2011/12 to $1,901.2 million at the end of December last year, shows the economic report for the Lake Zone.

S&P 500 futures slide as Gold gains on virus concerns  FXStreet

Gold prices consolidate gains to sub-$1,650 area amid risk reset  FXStreetSea Of Red In Asia As Coronavirus Concerns Crush V-Shaped Optimism  Investing.comWhy the coronavirus is pushing gold up—and oil and other commodities down  FortuneGold Is Taking on $1,700 amid Rising Coronavirus Fears  FXStreetGold prices sharply up, at 7-yr. high, amid coronavirus pandemic fears  Kitco NEWSView Full coverage on Google News

“Africa will only succeed when all public and private sector stakeholders will join their efforts” – AU Commissioner

 Top global and African Chief Executive Officers today launched a Continental Business Network (CBN) to fast-track high-level private sector investment into Africa’s regional infrastructure. 

The launch of the CBN on the side-lines of the World Economic Forum on Africa in Cape Town, South Africa, is the mandated follow-up and implementation of recommendations emanating from...

Stocks rose around the world as data showing strength in the American consumer boosted confidence in the US economy, while signs of stabilisation in China sent industrial metals and oil higher as the worst commodities rout since the financial crisis eased.