Rationale The revision of the outlook to negative reflects a combination of: -- Our view that Anglo American's business risk profile is weakening because of rising South African country risks. Our reassessment of South African country risk follows the recent series of strikes and increased underlying social tensions and inequalities, which translate into a weaker … [Read more...] about TEXT-S&P Anglo American outlook to neg; BBB+/A-2 rtgs afrmd
reuters
EMERGING MARKETS-Stocks hit 12-day high, S.Africa at record
LONDON, Oct 17 (Reuters) - Emerging stocks hit a 12-day high on Wednesday and debt spreads reached their narrowest in over a year as markets cheered a rating affirmation for Spain, while South African retailers helped the Johannesburg index to a record high for a third day in a row. Moody's kept a Baa3 rating on Tuesday, based on the assumption that Madrid will seek help in … [Read more...] about EMERGING MARKETS-Stocks hit 12-day high, S.Africa at record
S.Africa August retail sales up 6.4 pct y/y
JOHANNESBURG Oct 17 (Reuters) - Growth in South Africa's retail sales quickened to 6.4 percent year-on-year in August compared with a revised 2.9 percent in July, Statistics South Africa said on Wednesday. On a month-on-month basis sales were up by 2 percent in August and rose by 6 percent in the three months to August compared with the same period a year ago. … [Read more...] about S.Africa August retail sales up 6.4 pct y/y
S.Africa’s Village Main Reef says workers end strike
JOHANNESBURG Oct 17 (Reuters) - South Africa's Village Main Reef said workers at its Blyvooruitzicht gold mine suspended an illegal strike and returned to work on Wednesday after reaching an agreement with the company. "Most of the Blyvoor employees have honoured the agreement, with 772 employees out of a complement of 941 reporting for the morning shift today," the … [Read more...] about S.Africa’s Village Main Reef says workers end strike
TEXT-S&P afms Lion of Africa ‘BB+’ rtgs; national scale raised to ‘zaA’
Will 2012 see more strong men of Africa leave office?There are many reasons for being angry with Africa ’s strong men, whose autocratic ways have thrust some African countries back into the eye of the storm and threatened to undo the democratic gains in other parts of the continent of the past decades. Blog Operation Somalia: The U.S., Ethiopia and now KenyaEthiopia did it … [Read more...] about TEXT-S&P afms Lion of Africa ‘BB+’ rtgs; national scale raised to ‘zaA’
