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reuters

S.Africa’s rand recoups some losses, bonds also up

10 October 2012 By admin

JOHANNESBURG Oct 9 (Reuters) - South Africa's rand firmed more than 1.4 percent against the dollar on Tuesday, on track for its first daily gain in five trading sessions, as investors responded to news that some of the thousands of striking truckers are returning to work. Government bonds rallied with the rand and yields pulled back from multi-week highs as market players … [Read more...] about S.Africa’s rand recoups some losses, bonds also up

S.Africa union MTWU denies strike suspended

10 October 2012 By admin

JOHANNESBURG Oct 9 (Reuters) - Workers from South Africa's Motor Transport Workers Union have not agreed to suspend strike action as reported earlier by the freight employers association, the group said on Tuesday. A spokeswoman for the association earlier said members of MTWU, the Transport and Allied Workers Union of South Africa (TAWUSA) and the Professional Transport … [Read more...] about S.Africa union MTWU denies strike suspended

UPDATE 4-Some S.African truckers suspend strike, bulk press on

10 October 2012 By admin

* Two smaller unions agree to return to work * Biggest transport union under pressure to follow * Fuel, consumer good, cash deliveries disrupted By Agnieszka Flak and Wendell Roelf JOHANNESBURG, Oct 9 (Reuters) - Some of South Africa's striking truckers have agreed to return to work on Wednesday, easing pressure on Africa's biggest economy where two weeks … [Read more...] about UPDATE 4-Some S.African truckers suspend strike, bulk press on

TEXT-Moody’s new mapping between global, national scale ratings for South Africa

10 October 2012 By admin

Oct 9 - Moody's Investors Service has today announced a change in the mapping between its global scale credit ratings and its national scale ratings for South Africa. The revision takes into consideration Moody's decision on 27 September 2012 to lower South Africa's local currency ceiling to A1 on the global scale. The new mapping enables what is now the highest possible … [Read more...] about TEXT-Moody’s new mapping between global, national scale ratings for South Africa

Gold One fires most workers on wildcat S.Africa strike

9 October 2012 By admin

JOHANNESBURG Oct 9 (Reuters) - Junior miner Gold One said it had dismissed the majority of workers at its Ezulwini operation in South Africa hit by an illegal strike last week, the latest response to a wave of wildcat strikes sweeping through the industry. The company said it had dismissed around 1,435 of Ezulwini's total 1,900 workers. The workers can appeal the … [Read more...] about Gold One fires most workers on wildcat S.Africa strike

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