SOUTH AFRICA DAYBOOK: Gordhan, Anglo Platinum, ArcelorMittal

Finance Minister Pravin Gordhan speaks at The South Africa Summit organized by The Economist Group in Johannesburg.

* Helen Zille and Patricia de Lille of the Democratic Alliance
brief reporters on the opposition party’s running of Cape Town,
according to the South African Press Association.
* The South African Reserve Bank releases an invitation at about
11 a.m. for weekly inflation-linked government bond auction to
be held on April 1.

* The rand gained 0.2 against the dollar to 6.84908 on March 25.
* The FTSE/JSE Africa All-Share Index fell 0.2 percent at the
close on March 25.
* The yield on the benchmark government R157 bond was unchanged
at 7.76 percent on March 25.

* Anglo Platinum Ltd. (AMS SJ): Zimbabwe ordered foreign mine
operators, which also includes Aquarius Platinum Ltd. (AQP SJ)
and Impala Platinum Holdings Ltd. (IMP SJ), to explain within 45
days how they will meet government demands to sell 51 percent of
their local assets to “indigenous” people.
* Anooraq Resources Corp. (ARQ CN): The precious-metals producer
had its rating cut to “sector perform” from “outperform” by Leon
Esterhuizen, an analyst at Royal Bank of Canada.
* ArcelorMittal South Africa Ltd. (ACL SJ): The steelmaker said
it plans to proceed with the acquisition of Imperial Crown
Trading 289 Ltd., which was awarded the right to a portion of
Kumba Iron Ore Ltd.’s Sishen mine, denying a report by the
Johannesburg-based Sunday Times that it was considering pulling
out of the deal.
* FirstRand Bank Ltd. (FSR SJ): The South African bank signed
$150 million of syndicated loans with companies including China
Construction Bank Corp. and Bank of Taiwan in Taipei, the
Economic Daily News reported, without saying where it got the
* Pallinghurst Resources Ltd. (PGL SJ): The commodities
investment company will report its annual earnings.

To contact the reporter on this story: Vernon Wessels in Johannesburg at

To contact the editor responsible for this story: Vernon Wessels at

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