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Business Africa

  • CARLETONVILLE, South Africa-- Carrying a piece of paper threatening him with eviction from a workers' hostel, Robert Asanda pointed to thousands of fellow striking miners who had gathered atop a hill in a symbolic act of defiance against their gold-mining employers in South Africa.

  • *Toyota's Durban plant hit by four-day walkout. *Kumba Iron Ore stops output at giant Sishen pit. CAPE TOWN, Oct 4- Toyota Motor Corp.

  • ABIDJAN, Oct 4- French industrial conglomerate Bollore plans to spend up to $79 million by 2015 to double capacity at the container terminal it manages at Ivory Coast's main port of Abidjan, the head of the group's Africa division said. We plan to invest 35 to 40 billion CFA francs, " Dominique Lafont told journalists in Abidjan on Thursday.

  • BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.

  • *Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.

  • *Toyota's Durban plant hit by four-day walkout. *Kumba Iron Ore stops output at giant Sishen pit. CAPE TOWN, Oct 4- Toyota Motor Corp.

  • JOHANNESBURG, Oct 4- South African police fired tear gas at striking miners near the Rustenburg operations of the world's top platinum producer Anglo American Platinum, Talk Radio 702 reported on Thursday, as seven weeks of labour unrest show little sign of abating.

  • NAIROBI, Oct 4- Kenya's stock market inched up on Thursday, driven by a jump in shares of Equity Bank. Equity Bank, Kenya's biggest bank in terms of the number of account holders and one of the most frequently traded shares on the bourse, rose 2.2 percent to finish at 23 shillings per share, after the bank named a new chief operating officer and a group finance director.

  • JOHANNESBURG, Oct 4- South Africa exported 5.24 million tonnes of coal from the Richards Bay Coal Terminal in September, down from 5.9 million tonnes the previous month, data showed on Thursday.

  • JOHANNESBURG, Oct 4- Illegal strikes have spread to three more South African mines run by world no. 1 platinum producer Anglo American Platinum, a trade union said on Thursday, the latest round of wildcat action to hit the country's mining sector.

  • NAIROBI, Oct 4- The weighted average yield on benchmark Kenyan 91- day Treasury bills rose to 8.439 percent at an undersubscribed auction on Thursday from 8.093 percent last week, the central bank said. The central bank received 2.5 billion shillings in bids for the 4 billion shillings worth of three-month paper on offer and accepted 2.03 billion shillings.

  • JOHANNESBURG, Oct 4- Malawi's central bank said it would keep its benchmark interest rate at 21 percent as it balanced a lower growth outlook for 2012 and rising inflation.

  • LONDON, Oct 4- Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry.

  • *Toyota's Durban plant hit by four-day walkout. *Kumba Iron Ore stops output at giant Sishen pit. CAPE TOWN, Oct 4- Toyota Motor Corp.

  • JOHANNESBURG, Oct 4- Thirty-one former South African miners launched a case against world no. 3 bullion producer AngloGold Ashanti on Thursday in the Johannesburg High Court, saying they contracted the lung disease silicosis while working in its shafts.

  • LAGOS, Oct 4- Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said. The sale of 3.1 billion shares on the Nigerian Stock Exchange was done at 9.50 naira per share, after regulators' approval last month.

  • *HSBC to focus Islamic business on Malaysia, Saudi Arabia and Indonesia. *Some job cuts at Amanah unit, rest to be merged into HSBC By David French. DUBAI, Oct 4- HSBC Holdings is to significantly scale back its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.

  • LAGOS, Oct 4- Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.

  • DUBAI, Oct 4- HSBC Holdings is to significantly scale back the presence of its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.

  • JOHANNESBURG, Oct 4- Kumba Iron Ore suspended production at its Sishen mine in South Africa after employees who embarked on an illegal strike blocked access to the pit, the company said on Thursday.