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South Africa Daybook: Mining Output, Zuma, Farmers and Phones

Statistics South Africa will release August mining production at 11:30 a.m. local time in Pretoria.

In July South Africa’s gold production fell 3.5 percent while total mining output declined by 5.1 percent.

     WHAT TO WATCH:
* Agri SA, a South African commercial farmers organization,
holds its annual congress at Muldersdrift, north of
Johannesburg. Minister of Rural Development and Land Reform,
Gugile Nkwinti, will speak at the event.
* The Independent Communications Authority of South Africa, the
country’s telecommunications regulator, holds the third day of
public hearings in Johannesburg to discuss the possibility of
forcing Telkom South Africa Ltd. to give rivals access to the
fixed lines that run into homes and offices.
*  South African President Jacob Zuma speaks at 10 a.m. to
students at the University of Pretoria on South African foreign
policy and at 7 p.m. the the South African Transport & Allied
Workers Union in Johannesburg.
* South Africa’s Cabinet will hold a press conference at 10 a.m.
in Pretoria following a meeting of the country’s ministers.


     CONFERENCES:
* The World Federation of Exchanges Conference continues in
Johannesburg with Mervyn King, chairman of the International
Integrated Reporting Committee, presenting the WFE Award for
Excellence at 11:30 a.m.

     MARKETS:
* The rand strengthened 1.4 percent to 7.8058 per dollar at 6:10
p.m. yesterday in Johannesburg.
* The FTSE/JSE Africa All-Share Index rose 1.1 percent to
31,129.95 yesterday.
* The yield on the 13.5 percent government bond due September
2015, known to traders as the R157, fell 4 basis points
to 6.64 percent late yesterday.

     EQUITY MOVERS:
* Anglo American Plc (AGL SJ): The mining company that makes up
more than 9 percent of South Africa’s benchmark stock index said
it will consider the implications of an announcement by Codelco,
the world’s biggest copper company, that it has raised funding
to  purchase a $9.8 billion stake in Anglo’s Chilean copper
mines.
* BHP Billiton Ltd. (BIL SJ): The world’s biggest miner hosts a
visit for reporters at its Hillside aluminum smelter in
Richards Bay, South Africa.
* Impala Platinum Holdings Ltd. (IMP SJ): President Robert
Mugabe launches the first Community Share Ownership Scheme at
Zimplats Holdings Ltd., the Zimbabwean unit of the world’s
second-biggest platinum miner.
* Telkom South Africa Ltd. (TKG SJ): The Independent
Communications Authority of South Africa holds hearings on
allowing rivals access to Telkom’s fixed lines that run into
homes and offices.

To contact the reporters on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net; Robert Brand in Cape Town at rbrand9@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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