Bloomberg News

SOUTH AFRICA DAYBOOK: PMI Declines, Gold Strike, Gigaba on Eskom

August 01, 2011

(See SARB <GO> for South Africa’s central bank.)

(See ECO SA <GO> for South African economic events.)

Aug. 1 (Bloomberg) -- Kagiso Securities may say its purchasing managers’ index fell to 51.9 in July, the lowest level this year, according to the median estimate of five economists surveyed by Bloomberg.

The index, which measured 53.9 in June, will be released at 11 a.m. local time.

Talks resume to end a strike at South Africa’s three largest gold producers, AngloGold Ashanti Ltd., Harmony Gold Mining Co. and Gold Fields Ltd., over a pay increase dispute.

The National Union of Metalworkers and Eskom Holdings SOC Ltd., the state-owned power utility, also continue wage talks.

--Editor: Vernon Wessels

To contact the reporter on this story: Vernon Wessels in Johannesburg at vwessels@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus