* Rand firms after Gordhan spending cap pledge * Bonds weaken on lower revenue fears * Producer inflation lower than expected By Vuyani Ndaba JOHANNESBURG, Oct 25 (Reuters) - South Africa's rand firmed against the dollar on Thursday after Finance Minister Pravin Gordhan promised to keep a tight lid on spending despite having to widen his 2012 budget deficit … [Read more...] about Rand firms, bonds ease after interim S.Africa budget
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S.Africa stocks up as mining firms recover
* Top-40 index up 0.14 percent to 32,806.75 * All-Share up 0.12 percent to 36,995.65 JOHANNESBURG Oct 25 (Reuters) - South African stocks edged higher on Thursday as strike-battered mining companies such as Impala Platinum were lifted by higher commodity prices and signs some of the country's crippling mine stoppages may be coming to an end. Shares of retailers - … [Read more...] about S.Africa stocks up as mining firms recover
UPDATE 1-BHP questions West Africa’s iron ore ambitions
* BHP says Brazil, Australia alone can meet demand * West Africa aiming to break into iron ore market * Vale says reviewing Simandou project in Guinea By Clara Ferreira-Marques LONDON, Oct 25 (Reuters) - BHP Billiton , the world's largest miner, cast doubt on the fate of dozens of West African iron ore projects on Thursday, arguing Australia and Brazil alone … [Read more...] about UPDATE 1-BHP questions West Africa’s iron ore ambitions
UPDATE 2-S.Africa budget deficit widens, prompts spending cap
* Sluggish economic growth hitting revenue * Strikes to hit output in 2012 * Gordhan vows to keep spending in check * Slams credit downgrades as inappropriate By Stella Mapenzauswa CAPE TOWN, Oct 25 (Reuters) - South Africa cut its growth forecasts and predicted a wider budget deficit on Thursday, citing fallout from the worst mining strikes since … [Read more...] about UPDATE 2-S.Africa budget deficit widens, prompts spending cap
UPDATE 3-Anglo braced for full impact of S.African strikes
* Increases volumes in copper, iron ore; platinum flat * Impact of S.African stoppages to be seen in Q4 * Strikes revive criticism of management By Clara Ferreira-Marques LONDON, Oct 25 (Reuters) - Miner Anglo American posted increased production in five of its seven key commodities including copper, as it braces for the full impact of crippling South … [Read more...] about UPDATE 3-Anglo braced for full impact of S.African strikes
