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Business Africa

  • JOHANNESBURG, Oct 4- Merafe Resources Ltd:.

  • SINGAPORE, Oct 4- Prices for iron ore forward swaps rose on Thursday, extending gains from late last week, as buyers banked on expectations for a rebound in spot iron ore prices when top consumer China returns next week from a holiday. traded at $111 a tonne, said a Hong Kong- based trader, up 2 percent from Wednesday's close of $108.75.

  • JOHANNESBURG, Oct 4- Mr Price Group Ltd:.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS JOHANNESBURG- September Reuters Econometer survey.

  • JOHANNESBURG, Oct 4-* Says it has issued suspension notices to illegally striking workers at its.

  • JOHANNESBURG, Oct 4- Gold One International Ltd:.

  • *NIGERIA- Nigeria's cabinet expected to deliver the government's 2013. *ZAMBIA- Bank of Zambia auctions Treasury bills of various maturities. MAURITIUS- Bank of Mauritius auctions 273- day Treasury bills worth a.

  • *Rebel crisis fuels tension in Africa's most volatile region. KIGALI, Oct 4- President Paul Kagame said on Thursday Western governments were "dead wrong" in blaming Rwanda for the rebellion in neighbouring eastern Congo and threatening Kigali with aid cuts, and he pledged to stand firm against his accusers.

  • DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.

  • JOHANNESBURG, Oct 4- South African stocks rose for the first time in three sessions on Thursday with mining shares among the gainers as higher commodity prices and a weaker rand helped offset labour unrest in the nation's mines.

  • *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.

  • By Miranda Maxwell and Denny Thomas. MELBOURNE/ HONG KONG, Oct 4- A private equity firm founded by Chinese billionaire Yu Yong and a fund backed by state-owned China Development Bank have offered to buy Australian-listed copper explorer Discovery Metals Ltd, valung the company at about $850 million.

  • *A $1.70/ share offer at 51 pct premium. MELBOURNE, Oct 4- China's Cathay Fortune Corp, founded by billionaire Yu Yong, has offered $847 million for Australia's Discovery Metals and its Boseto copper project in Botswana, Discovery said on Thursday.

  • SINGAPORE, Oct 4- U.S. crude held near $88 a barrel in Asia on Thursday after plunging more than 4 percent the day before, with data from the euro zone and China heightening worries about economic growth and oil demand. was up 5 cents at $88.19 a barrel by 0013 GMT.

  • By Karen Jacobs Oct 3- Hotel operator Marriott International. A demand recovery in North America and rising room rates in the face of limited supply growth is helping Marriott offset softness in Europe. North America accounts for 75 percent of business at Marriott, whose brands include Ritz-Carlton, Residence Inn and Courtyard.

  • PHILADELPHIA-- Candy maker Hershey is vowing to use only certified cocoa for all of its chocolate products by 2020 and accelerate programs to help eliminate child labor in the cocoa-producing regions of West Africa.

  • STOCKHOLM, Oct 3- Hackers shut down the website of Sweden's central bank on Wednesday and targeted two other official sites after activist group Anonymous was reported to have threatened it would launch a cyber attack in support of Internet file sharers. Several websites in Sweden have come under attack this week and crashed.

  • By Ali Shuaib and Marie-Louise Gumuchian. TRIPOLI, Oct 3- Libyan Prime Minister-elect Mustafa Abushagur nominated his cabinet on Wednesday for approval by the national congress, presenting a line-up that excluded the North African country's leading liberal coalition.

  • WASHINGTON-- A new book says President Barack Obama hoped to put Osama bin Laden on trial, showing the U.S. commitment to due process under law, if the al-Qaida leader had surrendered during a U.S. raid in Pakistan last year. A team of Navy SEALs raided bin Laden's compound in Abbottabad, Pakistan in May 2011 and killed bin Laden.

  • *Kumba Iron Ore says 300 employees involved, limited effect. JOHANNESBURG, Oct 3- A series of wildcat miners' strikes spread to South Africa's iron ore sector on Wednesday and hit another gold firm in an escalation of the labour unrest that is testing President Jacob Zuma's leadership.