JOHANNESBURG, Sept 7 (Reuters) - Rand Merchant Insurance Holdings : * Says FY headline EPS to increase 25 percent to 30 percent from restated 110 cents last year © Thomson Reuters 2012 All rights reserved … [Read more...] about BRIEF-Rand Merchant Insurance FY headline EPS up by 25-30 percent
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UPDATE 3-S.Africa lifts moratorium on shale gas exploration
* Moratorium was in place since April 2011 * SAfrica says study eased safety concerns * Reserves seen among world's biggest of shale gas * Exploitation seen as "game changer" for economy By Wendell Roelf CAPE TOWN, Sept 7 (Reuters) - South Africa has lifted a moratorium on shale gas exploration in the Karoo region, where the extraction technique of … [Read more...] about UPDATE 3-S.Africa lifts moratorium on shale gas exploration
UPDATE 4-Militant S.Africa union snubs Lonmin "peace deal"
* NUM signed agreement but AMCU holds out * NUM hopes for return to work Friday or Monday * Reports of returning workers being intimidated by strikers * Lonmin shares jump 5 pct By Olivia Kumwenda JOHANNESBURG, Sept 6 (Reuters) - South Africa's militant AMCU union refused to sign a "peace deal" with platinum company Lonmin on Thursday, … [Read more...] about UPDATE 4-Militant S.Africa union snubs Lonmin "peace deal"
S.Africa’s rand jumps to two-week high vs dollar
JOHANNESBURG, Sept 6 (Reuters) - The rand gained 1.6 percent against the dollar on Thursday after a highly anticipated European Central Bank policy meeting failed to deliver enough details on plans to end the euro crisis, pushing investors who had shorted the rand back to the unit. The rand broke 8.32 resistance, moving to 8.2805 by 1440 GMT, its firmest level in nearly … [Read more...] about S.Africa’s rand jumps to two-week high vs dollar
Cash crunch forces Zimbabwe to seek regional aid
* Economy remains depressed, Biti says * Appeals for $150 mln from South Africa, Angola * Seeking $350 mln Chinese loan to boost power output By Nelson Banya HARARE, Sept 6 (Reuters) - Zimbabwe is turning to South Africa and Angola for help in plugging a $400 million hole in its budget, Finance Minister Tendai Biti said on Thursday, lamenting a lack of … [Read more...] about Cash crunch forces Zimbabwe to seek regional aid