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Apr 2, 2013

Lonmin picks Amplats executive to lead turnaround

JOHANNESBURG, April 2 (Reuters) – South African platinum
producer Lonmin PLC appointed Anglo American Platinum
(Amplats) executive Ben Magara as its new chief
executive on Tuesday as it strives to rebound from a wave of
deadly strikes which hammered it last year.

Magara, who will start in July, will be tasked with guiding
Lonmin’s turnaround and improving industrial relations at the
company after illegal strikes last year triggered violence which
killed 46 people, including 34 strikers shot dead by police in a
single day at its Marikana mine.

Apr 1, 2013

South Africa says Mandela’s condition has improved

JOHANNESBURG (Reuters) – The condition of South Africa’s former President Nelson Mandela has improved further, the government said on Sunday, as the 94-year-old anti-apartheid hero spent a fourth day in hospital receiving treatment for pneumonia.

“Nelson Mandela had a restful day,” South Africa’s presidency said in a statement, adding doctors treating him had reported “a further improvement in his condition”.

Mar 30, 2013

Mandela “comfortable”, treated for pneumonia

JOHANNESBURG (Reuters) – South Africa’s anti-apartheid hero Nelson Mandela is comfortable and able to breathe without problems as he continues to respond to treatment in hospital for a recurrence of pneumonia, President Jacob Zuma’s office said on Saturday.

After the revered 94-year-old statesman and former South African president spent a third night in hospital, the presidency said doctors had drained excess fluid from his lungs to tackle the infection.

Mar 30, 2013

Nelson Mandela “comfortable”, treated for pneumonia

JOHANNESBURG (Reuters) – South Africa’s anti-apartheid hero Nelson Mandela is comfortable and able to breathe without problems as he continues to respond to treatment in hospital for a recurrence of pneumonia, President Jacob Zuma’s office said on Saturday.

After the revered 94-year-old statesman and former South African president spent a third night in hospital, the presidency said doctors had drained excess fluid from his lungs to tackle the infection.

Mar 28, 2013

South Africa’s Mandela back in hospital with lung infection

JOHANNESBURG (Reuters) – Former South African President Nelson Mandela has been admitted to hospital with a recurrence of a lung infection, the government said on Thursday, renewing concerns about the health of the revered anti-apartheid leader.

A statement said the 94-year-old Nobel Peace Prize laureate went into hospital shortly before midnight on Wednesday. It gave no further details other than to say he was receiving the “best possible expert medical treatment and comfort”.

Mar 13, 2013

ANC’s love-hate take on business rooted in exile

JOHANNESBURG, March 13 (Reuters) – The love-hate
relationship South Africa’s ruling African National Congress has
with business and capital was formed during its decades in
Cold-War era exile.

A new book sheds light on this period, providing fresh
insight into current policy debates and behavior that often
rattles markets and will continue to perplex investors.

Mar 7, 2013

S.Africa’s militant mine union shows new focus

JOHANNESBURG/MARIKANA, March 7 (Reuters) – The bloody first
round of South Africa’s mine union turf war is over and the
clear winner on the platinum belt is the Association of
Mineworkers and Construction Union (AMCU).

From this position of strength, AMCU is signalling a radical
departure from tactics used last year, when it poached tens of
thousands of disgruntled members from the once-dominant National
Union of Mineworkers (NUM) in a recruitment drive that triggered
lethal violence and shut major mines for months.

Mar 6, 2013

Organized crime behind alarming Africa elephant slaughter: report

JOHANNESBURG (Reuters) – More African elephants are being illegally slaughtered for their ivory than are being born each year with organized criminal gangs cashing in on runaway poaching which could soon threaten populations in some regions, a report said on Wednesday.

Demand for ivory as an ornamental item is soaring in Asia, driven by the rising purchasing power of the region’s newly affluent classes, alongside growing Chinese investment in Africa and demand for its resources.

Feb 12, 2013

Kumba’s Sishen mine still recovering from strikes

JOHANNESBURG, Feb 12 (Reuters) – South Africa’s Kumba Iron
Ore said on Tuesday its flag-ship Sishen mine was not
back to full production months after an illegal strike ended,
underscoring the long-term impact of last year’s mine protests.

The company, a unit of global mining company Anglo American
, said the labour unrest contributed to a 28 percent fall
in headline earnings. Rising costs and lower prices also hit.

Feb 7, 2013

Anglo says threats over mining licenses “out of order”

CAPE TOWN (Reuters) – Threats by South African politicians to review mining licenses are “out of order”, the incoming head of mining group Anglo American said on Thursday, after its plans to cut jobs triggered a fierce response from the government.

Anglo’s struggling platinum business wants to cut 14,000 job cuts as it mothballs two mines and sells another, part of a plan it hopes will restore it to profit amid rising costs, weak demand and workforce unrest.

    • About Ed

      "I cover commodities in southerrn Africa, a region that I have returned to after spending over four years covering religion, politics and the Great Recession in America. I am a Canadian citizen and grew up in Nova Scotia."
      Joined Reuters:
      1995
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