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UPDATE 1-Barclays in talks to combine African operations

21 August 2012 By admin

* Says combination will boost growth opportunities * Analyst forecasts Africa loan book to grow by 9 pct/year * Barclays shares up 2.5 percent LONDON, Aug 21 (Reuters) - Barclays is in talks about combining its African operations with that of majority-owned subsidiary Absa Group in a move aimed at accelerating expansion on the continent, the British bank said on … [Read more...] about UPDATE 1-Barclays in talks to combine African operations

S.Africa says rising debt, welfare spend sustainable

21 August 2012 By admin

JOHANNESBURG Aug 21 (Reuters) - Despite rising debt levels and increased social spending, South Africa is on a sustainable fiscal path, Deputy Finance Minister Nhlanhla Nene said in a speech sent by email on Tuesday. Social expenditures, which include assistance grants and health and education spending, account for 58 percent of government expenditures, compared to 49 … [Read more...] about S.Africa says rising debt, welfare spend sustainable

UPDATE 1-S.Africa gold miners face lung disease lawsuit

21 August 2012 By admin

(Adds quotes, details) By Wendell Roelf CAPE TOWN Aug 21 (Reuters) - South Africa's leading gold miners are facing a potential lawsuit on behalf of thousands of workers who claim they contracted silicosis, a lung disease, through the companies' negligence. A South African lawyer filed the first papers on Tuesday against AngloGold Ashanti, Gold Fields and Harmony, … [Read more...] about UPDATE 1-S.Africa gold miners face lung disease lawsuit

Cricket-England squad for ODI series v South Africa

21 August 2012 By admin

LONDON Aug 21 (Reuters) - England named the following squad on Tuesday for the five-match one-day international series against South Africa starting in Cardiff on Friday. Squad: Alastair Cook (captain), James Anderson, Jonny Bairstow, Ian Bell, Ravi Bopara, Tim Bresnan, Jade Dernbach, Craig Kieswetter, Samit Patel, Jonathan Trott, Steven Finn, Eoin Morgan, Graeme Swann, … [Read more...] about Cricket-England squad for ODI series v South Africa

S.Africa’s cbank sentiment indicator down in June

21 August 2012 By admin

JOHANNESBURG, Aug 21 (Reuters) - The South African Reserve Bank's monthly leading business cycle indicator continued to decline in June, falling 1.1 percent from May as export prices for commodities deteriorated, a survey showed on Tuesday. The indicator was at its lowest since February 2010 when it hit 127.4 points, the Bank said. The indicator collates data such as … [Read more...] about S.Africa’s cbank sentiment indicator down in June

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