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UPDATE 1-S.Africa c/ac widens further in Q2, spending quickens

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JOHANNESBURG, Sept 11 (Reuters) - South Africa's current account recorded its largest shortfall in over three years in the second quarter of 2012 as exports fell because of subdued external demand, while increased government spending on wages pushed gross domestic expenditure up. The Reserve Bank said on Tuesday higher dividend payments to the rest of the world resulting … [Read more...] about UPDATE 1-S.Africa c/ac widens further in Q2, spending quickens

CORRECTED-UPDATE 1-Impala Platinum workers demand second wage hike

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(Corrects to clarify size of wage demand in first paragraph) JOHANNESBURG, Sept 11 (Reuters) - Impala Platinum, the world's No.2 platinum producer, said on Tuesday workers had demanded a second pay hike this year, equal to a pay increase granted in April after a 6-week strike. The demand comes as South African mining companies grapple with a wave of strikes that last … [Read more...] about CORRECTED-UPDATE 1-Impala Platinum workers demand second wage hike

UPDATE 2-India’s Goa halts iron ore mining; Sesa, Sterlite shares hit

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* Goa to set up committee to review mining operations * Inquiry could take a few months to complete -industry * Iron ore exports seen falling if ban stays for long * Sesa Goa, Sterlite fall more than 5 pct after move (Adds quotes, details, analyst comment) By Siddesh Mayenkar MUMBAI, Sept 11 (Reuters) - India's Goa state temporarily halted iron ore mining … [Read more...] about UPDATE 2-India’s Goa halts iron ore mining; Sesa, Sterlite shares hit

S.Africa manufacturing output up 5.8 pct y/y in July

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JOHANNESBURG, Sept 11 (Reuters) - South Africa's manufacturing output grew 5.8 percent year-on-year in volume terms in July, almost in line with market expectations, after a revised 0.9 percent rise in June. The consensus of economists in a Reuters poll was for factory output to come off the low base from the previous month to 6.0 percent growth in July. Statistics … [Read more...] about S.Africa manufacturing output up 5.8 pct y/y in July

UPDATE 2-S.Africa’s FirstRand push for customers pays off

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* FY Headline EPS 226.9 cents vs 179.4 cents * Net interest income R21.9 bln vs R17.4 bln * Shares up 31 pct this year (Adds CEO and analyst quotes, details) By Helen Nyambura-Mwaura JOHANNESBURG, Sept 11 (Reuters) - FirstRand's push to sell high interest loans to lower income customers fuelled a 26 percent rise in annual profit, although South Africa's … [Read more...] about UPDATE 2-S.Africa’s FirstRand push for customers pays off