CAPE TOWN, Sept 7 (Reuters) - South Africa has lifted a moratorium on shale gas exploration in the country's semi-arid Karoo region, where the extraction technique of "fracking" might be deployed, minister in the presidency Collins Chabane said on Friday. "Cabinet endorsed a recommendation of the report on the lifting of the afore-stated moratorium," Chabane told … [Read more...] about S.Africa lifts moratorium on shale gas exploration
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Lonmin says 2 pct of workers show up on Friday
JOHANNESBURG, Sept 7 (Reuters) - Two percent of shift workers at Lonmin Plc's South African operations turned up for work on Friday, the platinum miner said. The world's third-largest platinum miner has been crippled by a four-week strike at its Marikana operations. The company signed a "peace deal" with some of its unions on Thursday. However, that did not include … [Read more...] about Lonmin says 2 pct of workers show up on Friday
EMERGING MARKETS-Extend gains on ECB; forint fails to benefit
LONDON, Sept 7 (Reuters) - Emerging equities leapt 1.7 percent on Friday and sovereign bond yield spreads fell to 14-month lows, extending gains after the ECB's message on bond buying stoked risk appetite. Hungary's forint however languished near five-week lows after Budapest appeared to dash hopes of a speedy loan deal with the International Monetary Fund. Equities, … [Read more...] about EMERGING MARKETS-Extend gains on ECB; forint fails to benefit
S.Africa 3mth T-Bill yield slightly lower at 5.01 pct
JOHANNESBURG, Sept 7 (Reuters) - South Africa sold 2.685 billion rand ($326 million) worth of three-month Treasury Bills on Friday at an average yield of 5.01 percent, slightly lower than last week's 5.05 percent yield. The bid-to-cover ratio rose to 3.5 from 3 previously, Reserve Bank data showed. Auction date: 07-09-2012 Settlement date: 12-09-2012 … [Read more...] about S.Africa 3mth T-Bill yield slightly lower at 5.01 pct
AFRICA MONEY-Franchises target Africa with fashion, food and fitness
By Tosin Sulaiman JOHANNESBURG, Sept 7 (Reuters) - From fried chicken to ice cream and body-building supplements, international franchises are making inroads into Africa, tapping into consumers' hunger for their brands as developed markets stagnate. Hilton Hotels, owned by asset manager Blackstone, Yum Brands' Kentucky Fried Chicken and the fashion retailer Mango are … [Read more...] about AFRICA MONEY-Franchises target Africa with fashion, food and fitness
