AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, withheld a dividend for the second half of 2013 even as it increased annual production for the first time in nine years and lowered costs.
South Africa’s first interest-rate increase in five years is persuading traders that central bank Governor Gill Marcus will be unmoved by slowing economic growth and rising political pressure in her quest to conquer inflation.
Former South African central bank Governor Tito Mboweni will join Goldman Sachs Group Inc. as an international adviser on June 1. Mboweni will be based at Goldman’s Johannesburg office and provide strategic advice to the U.S. bank on business development opportunities, with a focus on South Africa and sub- Saharan Africa, the New York-based company said today in an e- mailed statement.
AngloGold Ashanti Ltd. Chief Executive Officer Srinivasan Venkatakrishnan, appointed yesterday, is tasked with boosting value for investors in the world’s third- biggest producer of the metal, Chairman Tito Mboweni said.