(The following statement was released by the rating agency) Aug 29 - Standard Poor's Ratings Services has reviewed the banking sector of the Republic of South Africa (foreign currency BBB+/Negative/A-2; local currency A/Negative/A-1; South African national scale zaAAA/zaA-1) under our updated Banking Industry Country Risk Assessment (BICRA) methodology. We place South … [Read more...] about TEXT-S&P publishes BICRA report on South Africa
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S.Africa seeks mine peace, wage deal may be elusive
* Striking workers' resolve stiffened by killings * NUM having trouble using its weight * Lonmin can sack workers but has held off By Agnieszka Flak RUSTENBURG, South Africa, Aug 29 (Reuters) - Feuding South African unions, platinum producer Lonmin and government officials tried on Wednesday to broker a peace accord at a mine where 44 people were killed in … [Read more...] about S.Africa seeks mine peace, wage deal may be elusive
Rugby-Under-fire Meyer recalls Louw to Springboks squad
By Ken Borland JOHANNESBURG, Aug 29 - South Africa coach Heyneke Meyer on Wednesday recalled flanker Francois Louw and named uncapped number eight Duane Vermeulen and flyhalf Johan Goosen in his squad for Rugby Championship matches in Australia and New Zealand. South Africa opened their Rugby Championship campaign against debutants Argentina, winning 27-6 in Cape Town … [Read more...] about Rugby-Under-fire Meyer recalls Louw to Springboks squad
OFFICIAL TEXT-Fitch:No rating impact from new South African money market fund regulation
(Agency corrects the version published on 9 July 2012 to clarify the maximum individual and aggregate exposure limits for listed and unlisted ABCP conduits in the penultimate paragraph.) (The following statement was released by the rating agency) Aug 29 - Fitch Ratings says that there are no rating implications following the implementation of new regulations for … [Read more...] about OFFICIAL TEXT-Fitch:No rating impact from new South African money market fund regulation
CORRECTED-BRIEF-Santam says H1 earnings fall 29 pct
(Corrects headline to 29 pct from 40 pct) JOHANNESBURG Aug 29 (Reuters) - JOHANNESBURG, Aug 29 (Reuters) - Santam Ltd : * Says diluted headline earnings per share (cents) 415 versus 584 * Says interim dividend of 230 cents per share, up 15% * Says weaker rand is also expected to apply upward pressure on claims cost * Says underwriting margin for the second half of the … [Read more...] about CORRECTED-BRIEF-Santam says H1 earnings fall 29 pct
