silver miners ( SIL +3.1% ) surge: ABX +5.9% , GG +4.5% , KGC +6.4% , NEM +4.7% , SLW +4% . Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases : AU -0.8
* Wildcat strikes spread to auto industry (Recasts with auto strike)
* Shares down 16 pct (Recasts, adds analyst comment, background)
CAPE TOWN (Reuters) - Car maker Mercedes Benz said on Monday workers at its South African assembly plant had gone on an illegal strike at the end of last week but had agreed to resume operations on Tuesday.
Shares of South African miners sink as the country's mine workers union calls for a 60% pay increase on gold and coal producers. The union says it
JOHANNESBURG, May 20 (Reuters) - Big wage hikes demanded by the government-allied trade union in South Africa 's coal and gold industries helped push the rand to a four year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.
cash to acquire a 48% stake in Newbridge Pharmaceuticals, a start-up specialty pharma firm focused on the Middle East and Africa . Newbridge serves as a regional marketing partner for firms like UCB (Cimzia and Neupro are two of its products), but the
driver in South Africa , however, will ..... contrast to many South African gold deposits where ..... than the average South African gold mine, which ..... In addition to South Africa , Gold Fields' West African operations, which
Kurdistan, Poland, and Indonesia. It also recently acquired interests in Gabon and Kenya, boosting its exploration potential in Africa . However, some of its international exploration acreage is probably a candidate for divestment as Marathon plans to sell
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.