STOCKS NEWS AFRICA-South Africa miners surge on bargain hunting

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1115GMT 05Oct12 - South African miners surge on bargain hunting ------------------------------------------------------------

Shares of Anglo American and other resource companies lead the gainers on the benchmark index as investors chase bargains in a sector battered in recent days by a wave of wildcat strikes.

A weaker rand and higher metal prices add to bullish sentiment as South African mining companies benefit from a weaker rand because they sell commodities for dollars but pay most costs in rand.

Anglo shares rise 3.25 percent to 257.81 rand while shares in platinum producers add more than 2 percent even as labour unrest continues to close operations.

Harmony Gold is 2.3 percent higher at 68.44 rand and AngloGold Ashanti adds 2 percent to 290.54 rand as the weaker rand and higher dollar gold price push bullion priced in rand to record levels.

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