Business Africa

  • COPENHAGEN, Oct 1- Danish freight forwarder DSV. has agreed to buy Dubai- based Swift Freight, it said on Monday, with the aim of expanding in the Middle East and Africa.

  • NAIROBI, Oct 1- The Kenyan shilling. So more liquidity in the market, more spending, more importing, more pressure on the shilling, "said Peter Mutuku, a trader at Bank of Africa. GDP figures show that the economy is slowing down, so you will probably see the MPC trying to give some impetus to the economy, "said Chris Muiga, a trader at Kenya Commercial Bank.

  • NAIROBI, Oct 1- Kenya's central bank sought to absorb 12 billion shillings in excess liquidity through repurchase agreements, it said on Monday.

  • 0848 GMT 01 Oct12- Coal of Africa jumps on offer from China group. Johannesburg- listed shares of Coal of Africa jump 16 percent after a unit of Beijing Haohua Energy Resource Co Ltd offers to inject $100 million into the junior coal producer to help expedite the development of some of its projects.

  • *If successful, would be Tullow's second oil discovery in Kenya. NAIROBI, Oct 1- British explorer Tullow Oil Plc and its Canadian partner Africa Oil Corp started drilling a third well in Kenya, extending a campaign to discover more reserves after finding oil in the east African country earlier this year.

  • LONDON-- The board of Anglo-Swiss mining company Xstrata PLC said Monday it is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues of around $175 billion. Xstrata said in a statement it was supporting the offer of 3.05 Glencore shares for each Xstrata share.

  • PORT LOUIS, Oct 1- The unemployment rate in Mauritius rose to 8.2 percent in the second quarter, its highest level since early 2011 and up from 8.0 percent in the first three months of this year, official data showed on Monday. A weak global economy has reduced demand for tourism on the Indianc Ocean island as well as its exports.

  • *Japan's business sentiment worsens- tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.

  • JOHANNESBURG, Oct 1- South African industrial group Famous Brands on Monday said it expected its first half earnings to be as much as 20 percent higher.

  • *Japan's business sentiment worsens- Tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. COMPANIES Spur Corp Ex-dividend MMI Holdings Ex-dividend Kagiso Media Ex-dividend Kap International Ex-dividend Cipla Medpro Ex-dividend Clover Ex-dividend Mpact Ltd Ex-dividend Super Group Shareholder meeting SOUTH AFRICAN MARKETS.

  • Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.

  • *NAIROBI- Industry regulator Tea Board of Kenya releases performance report. global growth, with data from Japan to China underscoring sluggish business. weakness in China and Japan as well as persistent worries about the.

  • JOHANNESBURG, Oct 1- Top global platinum producer Anglo American Platinum said on Monday it would fire all strikers who did not attend disciplinary hearings the following day as an illegal strike continued at 4 of its South African mines.

  • NAIROBI, Oct 1- Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said.

  • UNITED NATIONS, Oct 1- Syria accused the United States, France, Qatar, Saudi Arabia and Turkey on Monday of hijacking the country's 18- month conflict between government forces and pro-democracy rebel groups by supporting "terrorism" with arms, money and foreign fighters.

  • *Qua Iboe valued at dated plus $2.30- $2.60. GENEVA, Oct 1- Nigeria's largest crude stream, Qua Iboe, showed signs of stalling on Monday after a flurry of deals last week that boosted differentials to six-month highs.

  • *India, Middle East, Africa to lead high-tech product demand. have more disposable income and a heavy appetite for technology products like cell phones, tablets and laptops, " Ken Rankin, high-tech marketing director at UPS in Atlanta, said in a Friday interview with Reuters.

  • Zimbabwe's Indigenization Policy Is Flexible: Minister

    Tapiwa Mashakada, Zimbabwe's Minister of Economic Planning & Investment Promotion says his country's foreign investment laws encourage local partnerships. He says the thresholds can be revised if needed.

  • Striking miners listen to a speaker after they secured a 22 percent pay hike from London-listed Lonmin platinum mine in Marikana on September 18, 2012.

    A murky political climate, an angry, strike-prone workforce and an economy unable to generate jobs for a quarter of its adults.  A recipe for a Greek-style financial tragedy?  Not in South Africa.