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South Africa to stabilise debt in next year's budget: Gigaba 14:27 GMT

CAPE TOWN (Reuters) - South Africa will implement spending cuts of 25 billion rand ($1.8 billion) and raise revenue by 15 billion rand in next year's budget to contain growing debt, Finance Minister Malusi Gigaba told parliament on Wednesday.  Full Article

 
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Gold mining firms set aside $360 mln for S.Africa silicosis law suit 15:58 GMT 

CAPE TOWN (Reuters) - Six gold mining firms, including Anglo American, have made a 5 billion rand ($361 million) provision to settle a class action law suit with thousands of miners who contracted fatal lung diseases while working in South African mines, an industry document said on Wednesday.  Full Article  

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South Africa's rand at one-month peak ahead of downgrade decisions 17:40 GMT 

JOHANNESBURG (Reuters) - South Africa's rand unexpectedly raced to its firmest since the dismal October budget on Wednesday as investors hedged bets it will fall sharply when credit ratings decisions are announced on Friday.  Full Article  

 
Symbol Last Net Change
GOLD CON1 JPY  4,625.00 JPY  6.00
SILVER CON1 JPY  61.40 JPY  0.00
PLATINUM CON1 JPY  3,400.00 JPY  15.00
PALLADIUM CON1 JPY  3,638.00 JPY  0.00
Symbol Last Net Change
BRENT CRUDE JAN7 USD  63.23 USD  0.66
GAS OIL LS OCT16 USD  561.75 USD  3.25
LIGHT CRUDE CON1 USD  57.99 USD  1.16
NATURAL GAS CON1 USD  2.97 USD  -0.05
Symbol Last Net Change
COFFEE C CON1 USC  124.50 USC  0.65
COCOA CON1 USD  2,119.00 USD  17.00
SUGAR 11 CON1 USC  15.25 USC  0.37
UK £ USD =1.3313
Euro USD =1.1815
Rand USD =0.0723
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