Copper Edges Lower On Muted China Demand Prospects

* China GDP grows 7.7 pct yr/yr in Q4, vs forecast 7.6 pct * U.S markets closed on Monday for public holiday * Nickel down 1 pct after last week’s 6 percent gain (Updates with closing prices) Copper dipped in holiday-thinned trade on Monday as near-term demand prospects from top consumer China remained muted, despite slightly better-than-expected Chinese growth … Read more

US Oil Slips As Supply Disruption Worries Ease After Iran Deal

From Reuters: U.S. crude futures slipped below $94 a barrel in early Asian trade on Tuesday as supply worries eased after world powers and Iran took another step to end a decade-long dispute over Tehran’s nuclear programme. The United States and European Union both suspended some trade and other restrictions against the OPEC member after the United Nations’ nuclear watchdog confirmed … Read more

BRIC, MINT or CIVET: What’s the best investment?

From Reuters   * Assets in BRIC investment funds down sharply from 2010 * Economic growth may not convert into stock market gains * Goldman’s BRIC fund down 20 percent in past three years * Acronyms are economic, not investment concepts – inventor * MINT countries offer young, growing populations – O’Neill By Carolyn Cohn … Read more

New Primedia CEO: Roger Jardine replaces Pillay

From SAPATop businessman Roger Jardine has been appointed the new group CEO of Primedia, the company announced on Monday.Jardine will replace Kuben Pillay, who moves to the position of executive chairman for the group. The appointment will take effect next month. “Roger brings a wealth of experience with him, having run two listed entities including … Read more

SA finance minister urges workers to call off strikes

From Reuters * Union AMCU to strike at three biggest platinum producers * Renewed labour strife will add pressure on rand * Ratings agency say strikes create uncertainty By David Dolan JOHANNESBURG, Jan 20 (Reuters) – South Africa‘s ailing economy cannot afford more mine labour unrest, Finance Minister Pravin Gordhan said on Monday, after the platinum industry’s main trade … Read more

Gold price steady; platinum up on SA strike threat

From Reuters * SPDR holdings rise for first time in a month * Gold records four straight weeks of gains * Platinum strikes in S. Africa likely this week (Updates throughout, changes dateline from SINGAPORE) By Clara Denina LONDON, Jan 20 (Reuters) – Gold steadied after touching its highest level in nearly six weeks on Monday, still finding … Read more

South Africa's President and leader of the ruling ANC party Jacob Zuma (C) greets his supporters as he arrives for the launch of his party's election manifesto at Mbombela stadium in Nelspruit January 11, 2014. REUTERS/Ihsaan Haffejee

SA govt to receive R45m pay hike despite hopes for pay freeze

From Reuters: President Jacob Zuma approved a salary hike of R45 million for government, despite earlier calls to freeze pay increases, the Sunday Independent reported. The five percent pay hike applies to the 2013/2014 financial year and is for members of Zuma’s executive, premiers and various other provincial and parliamentary government officials. The newspaper said … Read more