reuters

* South Korea once poorer than many African countries * Its development could serve as model for continent * Battling Asian rivals for African resources By Tosin Sulaiman and Jon Herskovitz JOHANNESBURG, Oct 19 (Reuters) - African leaders have been making pilgrimages to Beijing for years seeking Chinese wisdom on expanding their emerging economies -- but … [Read more...] about AFRICA MONEY-Africa studies ‘made in Korea’ model to push growth

JOHANNESBURG Oct 19 (Reuters) - Gold Fields has issued an ultimatum to striking workers at its KDC East operations to return to work early next week or face dismissal, the company said on Friday. The company said in a statement employees were expected to start returning to work with the night shift on Monday and the morning and afternoon shifts on Tuesday. (Reporting by … [Read more...] about Gold Fields issues ultimatum to KDC East workers

* Gold Fields strike ends; 1,500 workers sacked * Lonmin miners back to work after walkout over arrests * Zuma promises to accelerate infrastructure plans By Sherilee Lakmidas JOHANNESBURG, Oct 19 (Reuters) - Miners ended a strike at South African bullion producer Gold Fields on Friday, while President Jacob Zuma pledged to speed up investment to ease … [Read more...] about UPDATE 3-Gold Fields mine strike ends in South Africa

PERTH, Australia Oct 19 (Reuters) - South African Charl Schwartzel was the biggest casualty of the cut at the Perth International after hitting four over par for his second round on Friday to finish 14 shots behind leader Emilano Grillo. The 2011 U.S. Masters champion had six bogeys in his round of 76, five of which were on the opening nine, before clawing back two birdies … [Read more...] about Golf-Schwartzel misses cut, Grillo leads in Perth

* Nov South African bid at $81/T * Two Dec South African cargoes trade at $83/T LONDON Oct 18 (Reuters) - Prompt physical coal prices were little changed again on Thursday but activity picked up significantly, due partly to the return of many coal market players from the major annual industry conference in Istanbul this week. "Prices haven't really changed but … [Read more...] about Euro Coal-Prices steady, more trades seen