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S.Africa’s July trade deficit widens to 6.7 bln rand

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JOHANNESBURG Aug 31 (Reuters) - South Africa's trade deficit widened to 6.7 billion rand ($789.75 million) in July from a 5.7 billion rand shortfall in June, the South African Revenue Service said on Friday. Exports increased by 2.9 percent month-on-month to 63.5 billion rand in July while imports rose by 4.1 percent to 70.2 billion rand, SARS data showed. Economists … [Read more...] about S.Africa’s July trade deficit widens to 6.7 bln rand

AFRICA MONEY-Africa beer sales surge despite church and mosque

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By Ed Stoddard and Chijioke Ohuocha JOHANNESBURG/LAGOS Aug 31 (Reuters) - Beer sales in Africa are surging because of economic and population growth, a trend rubbing against the grain of another demographic factor defining the region: intense religiosity. By almost any measure, Africa is an exceptionally devout place and the major growth area for Christianity and … [Read more...] about AFRICA MONEY-Africa beer sales surge despite church and mosque

UPDATE 1-S.Africa cuts all Iran crude imports in July

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(Adds details, background) JOHANNESBURG Aug 31 (Reuters) - South Africa imported no crude oil from Iran in July, customs data showed on Friday, a sign Pretoria is avoiding Iranian shipments until it can be certain to avoid European sanctions. In May, imports from Iran stood at 285,524 tonnes, but since June, Africa's biggest economy has replaced shipments from … [Read more...] about UPDATE 1-S.Africa cuts all Iran crude imports in July

UPDATE 1-FirstRand CEO says unsecured lending ‘a concern’

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(Add details) JOHANNESBURG Aug 30 (Reuters) - The recent surge in unsecured lending in South Africa is a concern, particularly among lower-income consumers, the head of FirstRand Ltd said on Thursday. "There has to be concern about the level of growth, particularly in the mass market," Sizwe Nxasana, the chief executive of the country's second-largest bank, said at … [Read more...] about UPDATE 1-FirstRand CEO says unsecured lending ‘a concern’

Euro Coal-Weak on market in surplus

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* 2012 coal import/export surplus to be 6 mln tonnes * Richards Bay Oct. cargo trades at $87.25/mt LONDON Aug 30 (Reuters) - Physical coal prices in Europe remained subdued on Thursday as the Atlantic basin returned to surplus following the end of a strike in Colombia earlier in August. Coal prices have been declining for much of the first half of the year as … [Read more...] about Euro Coal-Weak on market in surplus