Founded in 1845 in Cape Town, Old Mutual is now a FTSE100-listed international savings group and insurer. David Marshall, strategy director for the firm, says the company's core focus remains on the continent and believes risks are often exaggerated.» Read More
CARLTONVILLE, South Africa, Oct 2- Two thousand striking miners evicted from company housing at a Gold Fields. The protesting workers at Gold Fields' KDC West mine, 50 kms west of Johannesburg, said they would not leave the rocky outcrop near the mine entrance until they received a hefty pay increase to 12,500 rand a month.
*Gold hovers around 2012 highs* ETF options highlight caution ahead of US jobs data* Platinum eases, S. Africa strikes continue By Amanda Cooper and Clare Hutchison. LONDON, Oct 2- Gold was broadly steady on Tuesday, a day after touching its highest level of the year, helped by a stronger euro and by caution ahead of the release of U.S. employment data this week.
JOHANNESBURG, Oct 2- South Africa has agreed to guarantee $600 million in loans for troubled state airline South African Airways over the next two years, a move that could put further pressure on the government's strained budget.
JOHANNESBURG, Oct 2- South Africa has approved a two-year 5 billion rand loan guarantee to keep troubled state airline South African Airways operating, the public works department said on Tuesday.
JOHANNESBURG, Oct 2- Canadian mining company Atlatsa Resources has obtained a court order to prevent wildcat strikers from protesting at its Bakoni mine in South Africa, it said on Tuesday. The strike at firm's platinum mine, which it co-owns with Anglo American Platinum, started on Monday.
JOHANNESBURG, Oct 2- South African paper firm Mondi Group has sold its 50 percent stake in its money-losing UK newsprint business to private equity firm Martland Holdings, and would likely see a loss of 71 million euros on the deal.
*Jse: whl- completion of acquisition of witchery by country road.
JOHANNESBURG, Oct 2- Village Main Reef Ltd:. *Jse: vil- update on unprotected industrial action. *Says may issue an ultimatum to striking employees depending on the outcome of.
*Jse: mnd- mnp- Mondi Group divests its interest in aylesford newsprint. *Mondi group sold stake interest in the jointly owned aylesford newsprint. holdings limited to the martland holdings.
JOHANNESBURG, Oct 2- Workers at junior South African gold producer Gold One International's Ezulwini mine embarked on an illegal strike in defiance of a wage agreement signed in July, the company said on Tuesday.
Spot gold was up 0.2 percent on the day at $1,777.00 an ounce by 1137 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.
JOHANNESBURG, Oct 2- South Africa's fuel suppliers are starting to feel the pinch as a strike by more than 20,000 truck drivers enters its second week, with deliveries to pumps delayed and stations running out of certain types of fuel, an industry body said on Tuesday.
Spot gold was up 0.3 percent on the day at $1,778.89 an ounce by 0945 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.
LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.
--Commissioner Street No. 5 Ltd. TopDrive Funding's series 2012 issuance is a repackaged pass-through security, whereby all cash flows are derived from the underlying loan to BMW Financial Services Proprietary Ltd. with an unconditional guarantee from BMW AG.
JOHANNESBURG, Oct 2- South Africa's total new vehicle sales increased by 1.4 percent year-on-year to 55,097 units in September, the National Association of Automobile Manufacturers said on Tuesday.
JOHANNESBURG, Oct 2- South Africa's total new vehicle sales rose just 1.4 percent year-on-year in September to 55,097 units, the National Association of Automobile Manufacturers said on Tuesday. Export sales rose 2.7 percent compared to September last year.
JOHANNESBURG, Oct 2- Sanlam Ltd:. *Says investing further 2 billion rand in Indian financial services group. *Says Sanlam Emerging Markets effectively owns of 26 percent of Shriram.
JOHANNESBURG, Oct 2- Datacentrix Holdings Ltd:. *Says H1 headline earnings per share decreased by 28 percent. *Says declares interim cash dividend of 11.25 cents per share.
NAIROBI, Oct 2- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. *UGANDA- Bank of Uganda releases its decision on the benchmark lending rate. *BOTSWANA- Bank of Botswana to auction its 14- day certificate Treasury bill.