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Business South Africa

  • JOHANNESBURG, Oct 1- World No. 3 bullion producer AngloGold Ashanti on Monday cautioned that a prolonged strike could lead to the early downsizing of its South African operations. Some 35,000 employees, including contractors, at AngloGold's South African mines have been on an illegal strike since September 25.

  • MARIKANA, South Africa-- A judicial panel on Monday investigated the rocky site where South African police killed 34 striking miners in August.

  • *Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold eased on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a U.S. report on employment later this week.

  • 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.

  • *Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold steadied just below one-week highs on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a key U.S. report on employment later this week.

  • LONDON, Oct 1- Robust manufacturing data from Russia pushed its stock market 1 percent higher on Monday, bucking the generally weaker trend in emerging equity markets while central European currencies firmed modestly as the euro recovered from lows.

  • 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.