×

Business South Africa

  • *Kumba Iron Ore says 300 employees involved, limited effect. JOHANNESBURG, Oct 3- A series of wildcat miners' strikes in South Africa spread to a new sector, iron ore, on Wednesday and hit another gold firm in an escalation of the labour unrest that is testing President Jacob Zuma's leadership.

  • Harmony falls 1.5 percent as the gold producer says workers at its Kusasalethu mine near Johannesburg have downed tools in the latest illegal strike to hit South Africa's mining sector. Brasher, who will start in February 2013, will take over the retailer as it fights to defend market share from domestic rivals, including the local unit of U.S. retailer Wal-Mart.

  • named the former head of Tesco's UK business as its new chief executive on Wednesday, as the country's No.2 grocer struggles to regain market share and fend off competition from U.S. giant Wal-Mart. Brasher will take charge of a retailer that has lost market share to domestic rivals and is now facing further pressure from Wal-Mart Stores Inc.

  • Shares in miner Anglo American fall more than 2 percent as wildcat strikes in South Africa's mines spread to iron ore, with some 300 workers at the mining group's Kumba Iron Ore subsidiary downing tools.

  • JOHANNESBURG-- South Africa will host the second richest tournament in golf in 2013, but it won't have the World Golf Championship status initially promised by the country's national tour. Organizers say the Tournament of Hope, with total prize money of $8.5 million, will be staged in South Africa for 10 years.

  • Kusasalethu mine near Johannesburg have downed tools in the latest illegal strike to hit South Africa's mining sector, the company said on Wednesday.

  • *Glencore bidding for shares in Xstrata not already owned. BRUSSELS/ LONDON, Oct 3- EU antitrust regulators have set a Nov. 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe.

  • *Kumba Iron Ore says 300 employees involved, limited effect. JOHANNESBURG, Oct 3- A spate of wildcat miners' strikes spread to Africa's top iron ore producer on Wednesday, escalating the labour unrest that has become a major headache for South African President Jacob Zuma.

  • Brasher, who will start in February 2013, will take over the retailer as it fights to defend market share from domestic rivals, including the local unit of U.S. retailer Wal-Mart. Shares of Kumba Iron Ore fall more than 2 percent after a union says that workers at the company's Sishen mine in South Africa's Northern Cape province have gone on an illegal strike.

  • China's official services PMI slowed to 53.7 percent in September from 56.3 in August, highlighting the economy's seventh straight quarter of slowdown, while Australia posted weak export data.

  • JOHANNESBURG, Oct 3- Richard Brasher, the former UK head of Tesco, has been appointed chief executive of South Africa's No.2 grocer Pick n Pay as the retailer looks for ways to regain domestic market share and fend off encroachment from U.S. giant Wal-Mart.

  • JOHANNESBURG, Oct 3- Kumba Iron Ore Ltd:.

  • JOHANNESBURG, Oct 3- South African miners went on a wildcat strike at Kumba Iron Ore's Sishen mine on Wednesday, a fresh sign of escalating labour unrest in Africa's largest economy.

  • STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0843 GMT 02 Oct12- Kumba falls as workers join illegal strikes-------------------------------------------------------------. Shares of Kumba Iron Ore fall more than 2 percent after a union says that workers at the company's Sishen mine in South Africa's Northern Cape province have gone on an illegal strike.

  • JOHANNESBURG, Oct 3- Workers have gone on an illegal strike at Kumba Iron Ore's Sishen mine in South Africa's Northern Cape province, the latest wildcat action to roil the country's mining sector.

  • JOHANNESBURG, Oct 3- Pick' n Pay Stores Ltd:.

  • JOHANNESBURG, Oct 3- Anglo American Platinum Ltd:.

  • Oct 3- McNally Bharat Engg Co Ltd:.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. The dollar firmed and most riskier assets fell on Wednesday as data from China and Australia added to gloom about the global economic outlook, which already was deepened by uncertainty about the timing of Spain's request for a bailout.

  • *TANZANIA- Bank of Tanzania to auction a 10- year fixed rate Treasury bond. *KENYA- The Nairobi Securities Exchange and FTSE International launch the. *KENYA- Central Bank of Kenya auctions 364- day and 182- day Treasury bills.