By Samantha Lee CAPE TOWN Nov 8 (Reuters) - South African opposition parties pushed on Thursday for a no-confidence vote against President Jacob Zuma for alleged corruption and economic bungling, a symbolic move that could nevertheless embarrass him as he seeks re-election as head of the ruling ANC. The request has to get the green light from speaker Max Sisulu, an … [Read more...] about S.Africa opposition push for Zuma no-confidence vote
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Lonmin to price $800 million share offer on Friday
* Set to detail terms of rights issue on Friday * Lifeline key to cutting debt, financing growth * Lonmin expected to post pre-tax loss for year LONDON, Nov 8 (Reuters) - South African miner Lonmin is set to price its rights issue on Friday to raise up to $800 million from investors to help cut debt and finance its recovery after six weeks of deadly strikes at … [Read more...] about Lonmin to price $800 million share offer on Friday
Bleak mining, factory data drags S.Africa’s rand weaker vs dlr
* Rand loses the most amongst its peers * Falls 1.2 pct on local output data, weak euro JOHANNESBURG Nov 8 (Reuters) - The rand fell over one percent against the dollar after weaker-than-expected mining and manufacturing data on Thursday painted a bleak growth picture for Africa's largest economy. South Africa's currency extended the losses in late afternoon … [Read more...] about Bleak mining, factory data drags S.Africa’s rand weaker vs dlr
Rugby-Unusual journey completes Youngs’ family hat-trick
By Mitch Phillips BAGSHOT, England Nov 8 (Reuters) - With two England scrumhalves in the family Tom Youngs was poised for a lifetime of ribbing when he struggled as a Leicester reserve centre but on Saturday, three years after a radical switch to hooker, he will complete the hat-trick against Fiji. Brother Ben, two years younger at 23, will be on the bench having … [Read more...] about Rugby-Unusual journey completes Youngs’ family hat-trick
UPDATE 2-S.African retailers gain as debt fuels more shopping
* Truworths 18-weeks sales up 16 percent * Foschini's H1 sales up 12.6 percent * Shares in both companies up between 2-3 percent (Adds Truworths, updates shares) By Tiisetso Motsoeneng JOHANNESBURG, Nov 8 (Reuters) - South African retailers Foschini and Truworths reported a jump in sales on Thursday, boosting their stock prices further as investors bet … [Read more...] about UPDATE 2-S.African retailers gain as debt fuels more shopping
