* Nov S.African bid at $79.25/T FOB * Rise in oil, power boosts coal prices marginally LONDON Oct 16 (Reuters) - Prompt physical coal prices rose by around 25 cents on Tuesday after falling to fresh lows on the previous day but the market remained oversupplied, traders and utilities said. Much of the world's coal industry is in Istanbul this week for the biggest … [Read more...] about Euro Coal-Prices tick 25c/T higher, few trades seen
reuters
TEXT-S&P raises Vodacom national scale rating to ‘zaAA+’
Overview -- We lowered the long-term foreign currency sovereign credit rating on the Republic of South Africa to 'BBB' from 'BBB+' and the long-term local currency rating to 'A-' from 'A' on Oct. 12, 2012. -- We subsequently revised our mapping guidelines for our South Africa national credit rating scale. -- We are raising our long-term national scale rating … [Read more...] about TEXT-S&P raises Vodacom national scale rating to ‘zaAA+’
S.Africa central bank sets 14 percent capital ratio
JOHANNESBURG Oct 16 (Reuters) - South Africa's bank regulator said on Tuesday it will require lenders to hold capital ratios of up to 14 percent by 2019, a requirement they will likely meet and above an internationally agreed minimum. Countries around the world are due to begin adopting in January the new Basel III banking regulations that form the world's regulatory … [Read more...] about S.Africa central bank sets 14 percent capital ratio
TEXT-S&P cuts Transnet rating to ‘BBB’, outlook is negative
Overview -- On Oct. 12, 2012, we lowered our foreign currency sovereign ratings on the Republic of South Africa to 'BBB/A-2' from 'BBB+/A-2' and the local currency sovereign ratings to 'A-/A-2' from 'A/A-1'. -- We consider South African infrastructure provider Transnet SOC Ltd. (Transnet) to be a government-related entity (GRE) under our criteria and assess the … [Read more...] about TEXT-S&P cuts Transnet rating to ‘BBB’, outlook is negative
Rand, bonds recover on yield search, improving sentiment
* S.Africa longer bonds gain after auction, R186/R157 spread flattens * Rand firms vs dollar but gains limited by strike worries JOHANNESBURG Oct 16 (Reuters) - Yields on South African government bonds dropped on Tuesday as prices rose after a successful auction boosted investors' sentiment towards Africa's largest economy, with the rand also strengthening for the … [Read more...] about Rand, bonds recover on yield search, improving sentiment
