Gold fell for a seventh
straight session on Friday, its longest losing streak in four
years, as the dollar rose to the highest since 2008 after some
Federal Reserve officials said the central bank should end its
stimulus for the U.S. economy.
Chinese, South Korean and Spanish
firms are vying to develop a hydropower project likely to cost
between $9 billion and $14 billion on the Congo River, Congolese
officials said on Saturday.
South Africa's Allied Electronics (Altron) said on Friday it had made a firm offer to acquire all of the share capital in Allied Technologies Limited (Altech) it does not already own.
Operating profit increased to R29.7 million (R28.2 million). Profit attributable to owners grew to R20.7 million (R13.6 million). Furthermore, headline earnings per share turned around to 3.1cps (loss of 1.3cps).
It is the group's policy to consider the declaration of a divid
South Africa's rand touched fresh four-year lows against the dollar on Friday and could weaken further towards technical support at 9.5. . .
The leader of South Africa's biggest platinum mining union threatened on Friday to bring Africa's No. 1 economy "to a standstill". . .
By midday on Friday, the JSE All Share had risen 0.34% led by gains in resource shares.. . .
South African stocks posted record closing highs on Thursday on global and domestic hopes of further monetary easing, despite a rout. . .
South Africa sold 3.685 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.04 percent from 5.08 percent last week.. . .
Siemen's South African unit has won the contract to supply 46 wind turbines to power utility Eskom's 100 megawatt Sere wind farm, the German company said on Thursday.. . .
Shares of South Africa's Anglo American Platinum rose more than 2 percent in early trade on Friday after the company said miners had reported for the morning shift, avoiding a threatened. . .
South Africa's rand weakened to 9.40 against the dollar on Friday, its lowest since April 2009, amid concerns about more labour turmoil in the platinum mining sector.. . .
Gold hit a four-week low on
Thursday, declining for a sixth straight day for the first time
in more than four years, as investors spooked by recent price
falls favoured other assets.. . .
Miners at South Africa's Anglo American Platinum will strike from Thursday evening over proposed job cuts, a union official said, driving its shares lower and sending the rand to a four-year. . .
South Africa's Tongaat Hulett said on Thursday it expected headlines earnings per share for the year to rise more than 14 percent, lifted in part by increased sugar production.. . .
South Africa's rand fell more than 1.3 percent to a four year low against the dollar on Thursday, hit by news of more strikes in the mining sector and as prospects. . .
Gains in industrials and other sectors helped to offset losses in gold mining and resource shares, leaving the JSE All Share up 0.49% by midday on Thursday.. . .
Richemont's chairman and
founder will take a year off from September, leaving the world's
No. 2 luxury group in the hands of recently-named joint chief
executives at a time of faltering growth in the. . .
South African cement firm PPC Ltd plans to enter the Democratic Republic of Congo with a $200 million factory, its chief executive said on Thursday, part of its drive to boost. . .
A two-day wildcat strike at Lonmin's South African platinum mines ended on Thursday, but a union official said workers might walk out at larger rival Anglo American Platinum (Amplats) to protest. . .
Anglo American Platinum, the world's largest producer of the precious metal, said on Thursday 169 workers have staged a sit-in at its Tumela mine in South Africa.. . .
Sales for the year ended 31 March 2013 surged to EUR10.2 billion (2012: EUR8.9 billion). Gross profit increased to EUR6.5 billion (2012: EUR5.7 billion), operating profit rose to EUR2.4 billion (2012:. . .
Shares of Lonmin Plc jumped more than 3 percent in Johannesburg on Thursday after the platinum mining company said the bulk of its workers had reported for work, ending a two-day. . .
Revenue for the year increased marginally to R1.27 billion (R1.26 billion). Total comprehensive income for the year rose to R52.5 million (R41.9 million). Furthermore, headline earnings per share grew to 74.5. . .
Revenue was up 8% to R3.8 billion (R3.5 billion). Gross profit rose 5% to R1.24 billion (R1.18 billion), but operating profit declined by 12% to R751 million (R858 million). Net attributable. . .
South African stocks rose for a third-straight session on Wednesday, led by industrials and retailers, while concerns over a fresh wave of violent strikes in the mining sector weighed on resource. . .
The main union at Lonmin's South African platinum shafts told striking miners to return to work on Wednesday, potentially defusing a two-day wildcat action that had raised fears of a fresh. . .
Revenue for the year ended 28 February 2013 increased by 8% to R1.9 billion (2012: R1.8 billion). Gross profit rose by 3% to R783.8 million (2012: R763.1 million), operating profit decreased. . .
Labour strife in South Africa's platinum belt intensified on Wednesday as a wildcat strike across Lonmin's shafts entered a second day, raising fears that further violence could hit the country's credit. . .
Revenue shrunk to USD13.3 million (USD30.7 million). Operating loss worsened to USD11.6 million (loss of USD11.3 million). Net loss attributable to equity shareholders grew to USD10.4 million (USD8.9 million). In addition,. . .
Revived labour unrest in South Africa's mining industry could impact export competitiveness and threaten the credit rating of Africa's top economy, analysts from Moody's said on Wednesday.. . .
Growth in South Africa's retail sales slowed to 2.8 percent year-on-year in March from a revised 3.9 percent in February, Statistics South Africa said on Wednesday.. . .
Shareholders of South Africa's Cipla Medpro overwhelmingly approved a $488 million takeover offer from India's Cipla Ltd on Wednesday, giving the Indian drugmaker a big presence in Africa's biggest economy.. . .
Shares of South African media and e-commerce group Naspers Ltd jumped more than 3 percent on Wednesday after Chinese internet firm Tencent Holdings reported a sharp increase in first-quarter profit.. . .
Though gold mining shares had tumbled 3.54% on Wednesday, gains in other sectors helped the JSE All Share to climb 0.29% by midday.. . .
Dubai-based investment bank Arqaam Capital plans to expand into sub-Saharan Africa by the fourth quarter this year and may look at acquisitions in Saudi Arabia as part of its push into. . .
South African information technology firm Datatec is looking for potential acquisitions in Southeast Asia, where it could spend up to $50 million, its chief executive said on Wednesday.. . .
South Africa will auction 2.35 billion rand worth of its 2023, 2031 and 2041 government bonds on April 21.. . .
Revenue for the year increased to USD5.2 billion (2012: R5.0 billion) and gross profit also grew to USD780.3 million (2012: 704.6 million). Operating profit shrunk to USD141.4 million (2012: USD150.6 million).. . .