South African stocks that do business in emerging markets, including BHP Billiton Plc and Kumba Iron Ore Ltd. , will rise 10 percent to 15 percent annually over the next three years, Sasfin Holdings Ltd. said.
Wachtell, Lipton, Rosen & Katz advised PVH Corp., the owner of the Tommy Hilfiger brand, in its agreement to buy Warnaco Group in a $2.9 billion transaction, creating a company with $8 billion in sales and bringing all Calvin Klein-branded apparel under one roof. Skadden Arps Slate Meagher & Flom LLP advised Warnaco. Kirkland & Ellis LLP represents the Peter J. Solomon Company, financial adviser to PVH Corp.
South Africa’s broadest stocks index fell to a seven-week low as protesters in Egypt tried to topple President Hosni Mubarak , causing Moody’s Investors Service to lower the nation’s rating and curbing demand for riskier assets.
South Africa’s gold stocks fell to the lowest level in two months after central bank governor Gill Marcus said growth is likely to remain low and on concern that little progress is being made in U.S. budget talks.