BRUSSELS Aug 30 (Reuters) - South African paper maker Mondi Group secured European Union regulatory approval on Thursday for its $782 million purchase of German packaging company Nordenia that will boost its presence in consumer packaging. Mondi has said the deal would result in 15 million euros in annual pre-tax cost synergies. The seller is private equity firm Oaktree … [Read more...] about S.Africa Mondi’s buy of Oaktree asset approved in EU
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UPDATE 1-Fewer than 7 pct of Lonmin workers reports for duty
* Talks resume to get workers back next week * Mines minister says unrest could hit investment By Ed Stoddard JOHANNESBURG, Aug 30 (Reuters) - Fewer than 7 percent of Lonmin's 28,000-strong South African workforce reported for duty on Thursday, as the platinum producer held talks with warring unions aimed at cooling tensions and bringing people back to work. … [Read more...] about UPDATE 1-Fewer than 7 pct of Lonmin workers reports for duty
FACTBOX-A look at Lonmin talks in South Africa
Aug 30 (Reuters) - Here is a look at the negotiations between South African company Lonmin and the unions after 44 people died in violence reminiscent of the apartheid regime: * Fewer than 10 percent the 28,000 workforce have shown up in the last few days, down from the 33 percent that Lonmin said turned up the week before, at the Marikana mine, about 100 km (60 … [Read more...] about FACTBOX-A look at Lonmin talks in South Africa
S.Africa’s Telkom to appeal $55 mln competition fine
JOHANNESBURG Aug 30 (Reuters) - South African fixed-line operator Telkom SA said on Thursday it would appeal a $55 million regulatory fine imposed for using its dominant market position to stifle potential competitors. South Africa's competition regulator this month slapped Telkom with a lighter-than-expected fine of 449 million rand ($55 million) over a longstanding … [Read more...] about S.Africa’s Telkom to appeal $55 mln competition fine
S.Africa’s Nampak eyes $482 mln in Africa investment
By Tiisetso Motsoeneng JOHANNESBURG Aug 30 (Reuters) - South African packaging company Nampak could spend $482 million on expansion in Africa outside its home country over the next three to five years, an executive said on Thursday. "It's not an approved capital expenditure, it is the value of identified projects that we could invest in over the next three to five … [Read more...] about S.Africa’s Nampak eyes $482 mln in Africa investment
