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S.Africa to sell 2023, 2031 and 2048 govt bonds

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JOHANNESBURG Aug 8 (Reuters) - South Africa will auction 2.1 billion rand ($256 million) in total of its 2023, 2031 and 2048 government bonds next Tuesday. Details of the invitation are on page ($1 = 8.19 South African rand) (Reporting By Tshepo Tshabalala) © Thomson Reuters 2012 All rights reserved … [Read more...] about S.Africa to sell 2023, 2031 and 2048 govt bonds

UPDATE 2-Old Mutual profit rises on S.African bank strength

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* H1 pretax op. profit 791 mln pounds vs. 776 mln consensus * Repays 603 mln pounds debt in year to date * Eyeing move into Nigerian non-life insurance * Shares down 0.9 pct, underperforming sector LONDON, Aug 8 (Reuters) - Insurer Old Mutual reported a better-than-expected 12 percent rise in half-year profit, helped by a strong performance at its South … [Read more...] about UPDATE 2-Old Mutual profit rises on S.African bank strength

South Africa mine output up in June

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JOHANNESBURG Aug 8 (Reuters) - South Africa's gold output fell by 4 percent by volume in June, while total mineral production rose 4.2 percent compared with the same month last year, data showed on Wednesday. Production of non-gold minerals was 5.3 percent higher, Statistics South Africa said. Production of platinum group metals rose 4.8 percent in June, a sign that … [Read more...] about South Africa mine output up in June

S.African coal prices rebound to highest level since Jun

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LONDON Aug 8 (Reuters) - South African physical coal prices rebounded on Wednesday to the highest level since the short-lived rally in June with a trade at $91.05 a tonne for a September cargo on globalCOAL. Prompt cargo values were bid strongly higher earlier this week but no trades were reported. Buyers in India, the single largest market for South African coal, … [Read more...] about S.African coal prices rebound to highest level since Jun

EMERGING MARKETS-Stocks hover near 3-mth highs

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LONDON Aug 8 (Reuters) - Emerging stocks were steady on Wednesday near three-month highs, as gains in Asia on optimism for further global economic stimulus were offset by weakness in emerging Europe. The emerging European equities index dipped 0.4 percent, reflecting investor caution due to uncertainty over the euro zone's next moves to tackle its debt crisis, whereas big … [Read more...] about EMERGING MARKETS-Stocks hover near 3-mth highs