(The following statement was released by the rating agency) Aug 16 - China's economic rebalancing from an investment-led to a more consumer-led economy presents serious risks for sub-Saharan African (SSA) countries, but also some opportunities, says Standard Poor's today in the report "For Sub-Saharan Africa, China's Rebalancing Poses Risks And Opportunities". Many … [Read more...] about TEXT-S&P: China rebalancing a risk to Sub-Saharan Africa
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S.Africa’s StanBank sees nearly $5 bln in FY costs
JOHANNESBURG Aug 16 (Reuters) - South Africa's Standard Bank sees full-year costs rising to 39.5 billion rand ($4.80 billion), Africa's biggest bank said in a presentation following its first-half earnings results. Shares of Standard Bank were down nearly 2.9 percent after the lender reported a slim rise in first-half profit and warned it expected a lean second half. ($1 = … [Read more...] about S.Africa’s StanBank sees nearly $5 bln in FY costs
S.Africa police order striking miners to disperse
JOHANNESBURG Aug 16 (Reuters) - South African police ordered thousands of illegally striking miners armed with machetes and sticks to lay down their weapons and leave Lonmin's Marikana platinum mine on Thursday or face an assault by security forces. "Today is unfortunately D-day," police spokesman Dennis Adriao said. "It is an illegal gathering. We've tried to negotiate … [Read more...] about S.Africa police order striking miners to disperse
Cipla CEO suspension won’t impact financials -chairman
CAPE TOWN Aug 16 (Reuters) - Cipla Medpro's suspension of its chief executive was not based on a major monetary wrong-doing, the chairman of the South African drug maker said on Thursday. Cipla said on Wednesday it has suspended Jerome Smith pending an investigation into 'serious allegations'. It has so far declined to identify the allegations, but Chairman Sbu … [Read more...] about Cipla CEO suspension won’t impact financials -chairman
Cricket-South Africa win toss, bat first v England
LONDON Aug 16 (Reuters) - South Africa won the toss and opted to bat first against England in the decisive third and final test at Lord's on Thursday. England must win the match to not only draw the series but also to remain as the world's number one ranked team. Teams: England: Andrew Strauss (captain), Alastair Cook, Jonathan Trott, Jonny Bairstow, Ian Bell, … [Read more...] about Cricket-South Africa win toss, bat first v England
