RAND News
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Liberty Holdings Ltd., a South African insurer owned by Africa’s largest bank, rose the most in six weeks, leading gains on the FTSE/JSE Africa Life Assurance Index.
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When Sipho Maseko first took on the role of CEO of South Africa's largest fixed-line operator last April Fool's Day, he told me it was a "graveyard assignment."
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GlaxoSmithKline Plc said Aspen Pharmacare Holdings Ltd. made an offer for branded heart medicines Arixtra and Fraxiparine and a related manufacturing site as it seeks to sell older medicines with declining sales.
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Corn in South Africa gained the most in almost two weeks after the rand declined for a third day, making imports of the grain more expensive.
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Platinum companies in South Africa, which has the world’s largest known reserves of the metal, are at risk of losing 145,500 jobs this year and next as more mines operate at a loss, Nomura International Plc said.
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New Foodcorp Holdings (Pty) Ltd., a South African food company, said it failed to attract a single valid offer to redeem its remaining euro-denominated debt to meet the terms of a takeover.
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The rand weakened for a third day before the release of data that may show South Africa’s current- account shortfall widened. Bond yields jumped the most in more than a week.
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Ingersoll-Rand Plc registered to list its commercial and residential security business as a publicly traded company after billionaire investor Nelson Peltz won his push for a spinoff to boost shareholder value.
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Nordex SE, a German turbine maker, won an order to supply a 134.4-megawatt South African wind farm developed by Cennergi (Pty) Ltd., a venture of Tata Power Co.
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Hassan Rohani, who criticized government intervention in Iranian lives and pledged dialogue with the world, won the nation’s presidency with enough backing to avoid a second-round vote.
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