Business

Sun,11Dec2016

Business

South Africa's Sibanye Gold to buy Stillwater Mining for $2.2bn

Sibanye Gold's chief executive officer Neal Froneman, left, and chairman Sello Moloko, centre, ring the closing bell at the New York Stock Exchange. Photo: Mary Altaffer/AP/SIPA

South Africa's Sibanye Gold took a major step outside its home market on Friday with a $2.2bn cash bid for Stillwater Mining, the only US miner of platinum and palladium.

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Egypt central bank governor says intervention in currency market is "history"

Egyptians walk past a poster showing a US dollar outside an exchange office in Cairo, Egypt, 3 Nov, 2016. Photo: Amr Nabil/AP/SIPAEgyptian Central Bank Governor Tarek Amer has said nothing would prompt him to intervene to prop up the pound after floating the currency in a dramatic move last month, calling those policies "history".

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Djibouti sees economy growing 7% next year

Locomotives for the new Ethiopia to Djibouti electric railway system queue outside a train station in Addis Ababa, September 2016. Photo: Elias Meseret/AP/SIPADjibouti's economy is expected to grow 7% in 2017 from a projected 6.5% this year, helped by investment in ports, telecommunications and airports, its budget minister said.

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Tanzania haggles with Nigeria's Dangote Cement over price of natural gas

In this photo taken February 2013, Aliko Dangote attends a function in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPATanzania is in talks with Nigeria's Dangote Cement on the supply of natural gas to a manufacturing plant for the building material, but negotiations are currently held up over prices, said a government body in the East African country.

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Cameroon: Staying power

Cameroon President Paul Biya waves after casting his vote during the 2011 presidential elections. Photo by Sunday Alamba/AP/SIPA

Some of 83-year-old President Biya’s supporters want him to continue in office for another term in 2018 while others are calling for an early vote. With the government intimidating the opposition, there is little chance of Biya’s critics being able to push back against it

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South Africa's FirstRand closed Gupta accounts on money-laundering fears

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPASouth African lender FirstRand said on Monday suspicions of money-laundering lay behind its decision to cut ties with a business family linked to allegations of influence-peddling in President Jacob Zuma's government.

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Kenya Airways says some flights delayed after technicians skip work

Kenyan Airways pilots walk past a Kenya Airways plane, Saturday, May 5, 2007 at Jomo Kenyatta airport in Nairobi. Photo: Karel Prinsloo/AP/SIPA Kenya Airways said on Monday it was experiencing some disruptions to its flight schedules after an undisclosed number of technicians failed to show up for work, the latest in a series of labour-related hiccups to face the airline.

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