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S.Africa's 2018 growth to be "much lower" than initial forecasts: cbank 08:51 GMT

CAPE TOWN (Reuters) - South Africa's economic growth this year will be "much lower" than initial expectations, the central bank said in a presentation to parliament on Wednesday, calling any recovery "weak and choppy".  Full Article

 
South Africa's VAT hike had muted inflation impact: cbank 09:02 GMT 

CAPE TOWN (Reuters) - A one percentage point rise in South Africa's value-added tax (VAT) in April has had a more muted impact on inflation than expected, the governor of the central bank told a parliamentary committee on Wednesday.  Full Article  

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Gold Fields' CEO says South Deep lay-offs "last-gasp measure" 07:02 GMT 

JOHANNESBURG (Reuters) - Gold Fields' plan to potentially cut up to almost 1,600 jobs at its struggling South Deep mine in South Africa is a "last-gasp measure", Chief Executive Nick Holland said on Wednesday.  Full Article  

 
Symbol Last Net Change
GOLD CON1 JPY  4,235.00 JPY  -7.00
SILVER CON1 JPY  53.30 JPY  0.00
PLATINUM CON1 JPY  2,800.00 JPY  -15.00
PALLADIUM CON1 JPY  3,194.00 JPY  -43.00
Symbol Last Net Change
ICE Brent Crude c1 USD  71.80 USD  -0.66
GAS OIL APR8 USD  648.00 USD  -6.75
LIGHT CRUDE CON1 USD  66.20 USD  -0.84
NATURAL GAS CON1 USD  2.95 USD  -0.01
Symbol Last Net Change
COFFEE C CON1 USC  104.90 USC  -0.15
COCOA CON1 USD  2,105.00 USD  -3.00
SUGAR 11 CON1 USC  10.40 USC  0.06
UK £ USD =1.2721
Euro USD =1.1326
Rand USD =0.0686
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