×

Business South Africa

  • JOHANNESBURG, Oct 2- Compagnie Financiere Richemont SA:. *Says has acquired 100 percent of manufacturer VVSA. *Says acquisition will nor have impact on the groups profitability for the year.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. JOHANNESBURG- The National Association of Automobile Manufacturers releases September new vehicle sales data. JOHANNESBURG- Reserve Bank Governor Gill Marcus speaks at Nordic-South African Business Association event.

  • NAIROBI, Oct 2- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. *BOTSWANA- Bank of Botswana to auction its 14- day certificate Treasury bill. Brent crude futures steadied near $112 a barrel on Tuesday as investors.

  • JOHANNESBURG, Oct 2- Petra Diamonds said on Tuesday that a "limited number" of workers at its Kimberley Underground mine had gone on strike, although production had not been affected.

  • JOHANNESBURG, Oct 2- Anglo American Platinum. on Tuesday asked workers to stay away from its Rustenburg mining operations in South Africa after the security situation in the area had worsened. It also said that workers at its Union Mine in the northern Limpopo province have refused to go underground.

  • *U.S. prosecutors say expand charges against several former employees of. o'hara and George perez now charged in 33- count indictment. *U.S. prosecutors say defendants to be arraigned on Tuesday, October 2.

  • JOHANNESBURG, Oct 1- Credit agency Moody's on Monday cut its rating on South African power utility Eskom, fixed-line operator Telkom SA and 12 municipalities, following a similar downgrade of Africa's top economy last week. Moody's made a similar cut to Telkom's rating, which was also lowered to Baa3, while 12 local governments had their long-term ratings cut.

  • JOHANNESBURG, Oct 1- Offshore accounts bought more than 3 billion rand worth of local debt but sold 221 million rand in shares last week, data from the Johannesburg Stock Exchange. Below are tables outlining purchases, sales and net purchases for the week, for the same period in 2011, for the year-to-date and the year-to-date in 2011..

  • JOHANNESBURG, Oct 1- South African stocks ended sharply higher on the first day of the fourth quarter on Monday, rising nearly 2 percent as mining companies made a strong recovery from oversold levels following a spate of wildcat strikes.

  • Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.

  • JOHANNESBURG, Oct 1- South African platinum producer Anglo American Platinum said on Monday it would fire all strikers who did not attend disciplinary hearings the following day after only 20 percent of staff showed up for work at its Rustenburg mines.

  • *Platinum firm; unrest in South Africa continues By Amanda Cooper. Spot gold was up 0.9 percent on the day at $1,785.80 an ounce at 1445 GMT, having fallen earlier by as much as 0.4 percent to a low of $1,762.94, before a flurry of fund-related buying saw nearly 4.0 million ounces change hands on the futures market in a matter of moments, traders said.

  • By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.

  • JOHANNESBURG, Oct 1- Atlatsa Resources said on Monday workers have gone on an illegal strike at its Bokoni platinum mine in South Africa, the latest in a wave of wildcat walk-outs hitting the country's mining sector.

  • MARIKANA, South Africa, Oct 1- A retired judge toured the spot where police killed 34 striking platinum miners in August as he opened a judicial inquiry on Monday into South Africa's bloodiest security incident since the end of apartheid.

  • JOHANNESBURG, Oct 1- World No. 3 gold bullion producer AngloGold Ashanti warned on Monday that an illegal strike could lead to cuts in its South African operations earlier than expected and raised the possibility that strikers could be sacked.

  • JOHANNESBURG, Oct 1- Zeder Investments Ltd:.

  • JOHANNESBURG, Oct 1- Anglo American Plc's South African unit will face a hearing next year to determine if it is liable for miners who contracted the lung disease silicosis while working in its gold shafts, lawyers for the plaintiffs said on Monday.

  • Oct 1- Canada's Crocodile Gold Corp said Chief Financial Officer Stephen Woodhead has resigned and will be replaced by Rob Dufour on an interim basis. Dufour has been with Crocodile Gold since July as director, finance.

  • JOHANNESBURG, Oct 1- Anglo American Plc's South African unit will face a hearing next year to determine if it is liable for miners who contracted lung disease silicosis while working in the company's gold shafts, lawyers for the plaintiffs said on Monday.