WINDHOEK Oct 30 (Reuters) - Barclays Plc has temporarily suspended its bid for a stake in Namibia's Bank Windhoek until it completes a process to combine its African businesses with those of Absa Group, Barclays said on Tuesday. The British bank announced in August it would be combining its interests in Botswana, Ghana, Kenya, Tanzania, Uganda, Zambia and Indian Ocean … [Read more...] about Barclays suspends bid for Namibia’s Bank Windhoek
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FACTBOX- A look at South African platinum production
Oct 30 (Reuters) - Here is a look at platinum production in South Africa as strike-hit South African miner Lonmin, the world's third-largest platinum producer, plans to raise $800 million from its investors to help slash debt. * Supply and demand - In 2011 supplies of platinum from South Africa were a total of 4.855 million ounces - an increase of 5 percent or some 220,000 … [Read more...] about FACTBOX- A look at South African platinum production
S.Africa’s rand inches up in subdued trading
JOHANNESBURG Oct 30 (Reuters) - South Africa's rand traded within a narrow range on Tuesday as the closure of stock and bond markets in the United States due to the giant storm there dampened activity. The rand was at 8.6400 to the dollar at 1512 GMT, 0.4 percent firmer than Monday's New York close. "We've been fairly rangebound for a few days now," said Nilan Morar, … [Read more...] about S.Africa’s rand inches up in subdued trading
Rugby-Ireland’s O’Driscoll and Best out of November series
Oct 30 (Reuters) - Ireland captain Brian O'Driscoll and hooker Rory Best have been ruled out of the November internationals through injury, the Irish Rugby Football Union said in a statement on Tuesday. O'Driscoll turned his ankle in the first half of his club side Leinster's win over the Cardiff Blues on Saturday and will now require surgery to repair ligament damage, … [Read more...] about Rugby-Ireland’s O’Driscoll and Best out of November series
Mining unrest threatens S.Africa growth
PRETORIA Oct 30 (Reuters) - South Africa's economic growth is likely to take a hit in the second half of this year from the worst mining unrest since apartheid, but the inflation outlook remains evenly balanced, the Reserve Bank said on Tuesday. In its bi-annual monetary policy review, the central bank said the mining strikes, which have hit gold and platinum output since … [Read more...] about Mining unrest threatens S.Africa growth
