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  • JOHANNESBURG/ LONDON, July 1- South Africa's platinum sector is at a crucial juncture as the metal's price, near six-year lows, maintains a steady decline, with analysts now contemplating a move below $1,000 an ounce. Platinum has fallen nearly 10 percent so far this year, and at current prices of less than $1,100 an ounce, many shafts in the world's top producing...

  • JOHANNESBURG, June 29- Packed tightly at a row of graffitied desks in an overcrowded classroom, students at Masiqhakaze Secondary School near Johannesburg shiver as a chilly breeze blows through broken windows. In a 2015 report the World Economic Forum ranked South Africa last in the quality of mathematics and science education and close to last at 139 out of...

  • MARIKANA, South Africa, June 26- Almost three years after South African police shot 34 striking miners dead outside platinum producer Lonmin's Marikana mine, little has changed in this hardscrabble town that has become a symbol of post-apartheid hardship and inequities. A long-awaited probe into the slayings, unveiled on Thursday by President Jacob Zuma,...

  • LONDON, June 26- Shares in London- listed platinum producer Lonmin dropped to their lowest level in 3-1/ 2 months on Friday, after an inquiry into the killing of 34 miners during a 2012 strike put some of the blame on the company. Lonmin, the world's fourth-largest platinum producer by market value, was at the center of the 2012 strike which saw the "Marikana massacre,"...

  • MELBOURNE, June 12- London copper firmed a touch on Friday from near three month lows hit the session before, and was facing its fourth consecutive weekly fall as worsening economic indicators from top consumer China cast a pall over the demand outlook. *The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks on Thursday,...

  • Bailed-out African Bank warns of more losses Thursday, 11 Jun 2015 | 4:03 AM ET

    JOHANNESBURG, June 11- Bailed-out African Bank Ltd plunged to an annual loss of 9.3 billion rand and warned of more pain ahead as it cuts back on the risky lending that forced South Africa to orchestrate a rescue last year. African Bank said it lost 9.3 billion rand in the year ended September 2014 compared with a loss 6 billion a year earlier. The bank made loans...

  • CARLETONVILLE, South Africa, June 7- South Africa's Association of Mineworkers and Construction Union will launch a wildcat strike if its rival union and gold mining companies impose a wage deal on its members, its president said on Sunday. The hardline AMCU union is demanding a more than doubling of wages from gold companies AngloGold Ashanti, Sibanye Gold,...

  • ‘Capital disadvantage’ for giant banks: Bob Diamond Wednesday, 3 Jun 2015 | 12:50 PM ET
    Bob Diamond, former CEO of Barclays.

    Ex-Barclays chief Bob Diamond told CNBC that tougher regulation means large banks were finding it harder to access to capital.

  • JOHANNESBURG, June 2- When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa. Massmart's slow inroads into the rest of the continent, touted as the next big growth area, highlight the challenges of doing business in...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari promised on Friday to eradicate the "mindless, godless" militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari vowed on Friday to eradicate the "mindless, godless" militant group Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • JOHANNESBURG, May 21- South Africa's biggest private hospital group Mediclinic International reported a sharp slowdown in earnings growth on Thursday as regulations squeezed the profit margin of its Swiss unit. Mediclinic said its Hirslanden unit, the largest private hospital network in Switzerland, was hit by an adjustment of the national outpatient...

  • DUBAI, May 20- An $85 million loan taken out by a Ugandan bank this year points to an emerging trend in international capital markets: the rise of the Gulf as a syndicated loan market for Africa and Asia. Stanbic Bank Uganda originally intended to raise $75 million through the 18- month deal in January, but expanded that because of strong interest from banks wanting...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • ABUJA, May 19- Nigeria's central bank kept its benchmark interest rate at 13 percent on Tuesday, stressing the need to preserve foreign exchange reserves that have been depleted in recent months to support a weaker naira. At the bank's first policy meeting since the shock election victory of Muhammadu Buhari, who takes office as president on May 29, Governor...

  • A rock icon takes on the ivory trade Friday, 15 May 2015 | 8:45 AM ET
    Slash performs on May 7, 2015, in New York City.

    Legendary Guns N' Roses guitarist Slash is turning his attention to a new cause beyond rock music—the illegal ivory trade.

  • *Brait's second major deal in a month. The deal, announced on Friday, puts Brait, whose top shareholder is South African retail mogul Christo Wiese, in the middle of the crowded British high street, where New Look vies with Primark, part of AB Foods, Next and H&M. It is the second big deal in a month for Brait, one of Africa's largest investment houses which is also buying...

  • *Brait's second major deal in a month. The deal puts Brait, whose top shareholder is South African retail mogul Christo Wiese, in the middle of the crowded British high street, where New Look vies with Primark, part of AB Foods, Next and H&M. It is the second big deal in a month for Brait, one of Africa's largest investment houses which is also buying fitness chain Virgin...