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Business South Africa

  • JOHANNESBURG-- South Africa's National Union of Mineworkers says one of its officials was seriously injured in a petrol-bomb attack on his house amid ongoing unrest in the country's vital mining industry.

  • 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.

  • JOHANNESBURG, Oct 1- South Africa's seasonally adjusted Purchasing Managers' Index fell into contractionary territory in September, a survey showed on Monday, hitting its lowest level in 14 months and pointing to weak manufacturing production in the third quarter.

  • 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.

  • 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.

  • 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.

  • 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.

  • *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.

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    Investors know what they want, and it isn't the G4 currencies.

  • 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.

  • Lonmin shares are a “buy”, according to John Meyer, head of resources at investment bank Fairfax, despite violence at the company’s South African platinum mines which killed 44 workers.

  • Platinum

    Mining shares looked like those most precious of commodities last week, with the FTSE mining index jumping 18 percent in the week to Friday.

  • Open cast mining for iron ore.

    After a month of unrest, which has effectively shut down South Africa’s platinum sector and led to the deaths of 44 miners, mining companies and the South African Government have increased efforts to bring an end to the unrest.  Police raided hostels at a Lonmin mine and confiscated machetes, spears and other weapons, while Lonmin has said it would adopt a more sensitive approach to the mineworkers.

  • fx_fix_1_200.jpg

    Fed meeting news awaits and Asian central banks stand pat — it's time for your FX Fix.

  • fx_fix_1_200.jpg

    The European Central Bank's bond buying plan is a hit, and nonfarm payrolls await — it's time for your FX Fix.

  • London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.

  • Following the on-going violence at operations of the world’s third-largest platinum producer Lonmin, the South African government wants to bring in external mediation to resolve disputes over pay and conditions of mining workers, Susan Shabangu, mines minister for the country, told CNBC Africa on Tuesday.

  • Platinum

    One of the world’s largest mining groups, Anglo American, could see its platinum production also affected by striking workers, according to trading company Vincom Commodities.

  • The health of the mining sector has come into sharper focus in recent weeks, with deadly disturbances in South Africa and ongoing concerns about commodity prices denting the sector and the cloud hanging over the sector is unlikely to blow away quickly.