|Day's Range||0.083 - 0.083|
|52 Week Range||0.0686 - 0.0870|
German investor ATON said on Thursday it had raised its stake in South Africa's Murray & Roberts (MURJ.J) to 33.1 percent as it seeks to takeover the engineering and construction firm despite management opposition. ATON said after market close it had agreed to buy 13,671,480 ordinary shares in M&R for 15 rand per share. It added it had also agreed to buy a further 29,005,926 shares from investment management company Allan Gray, M&R's third largest stakeholder, for 15 rand, which would further raise its stake to 39.6 percent.
Anglo American Platinum (Amplats) (AMSJ.J), the world's top platinum producer, announced its first dividend in seven years on Monday as full-year headline earnings more than doubled and said it was not committing capital to major projects in 2018. Amplats' investment stance highlights the fragile state of platinum mining in South Africa, home to around two-thirds of known reserves, where for years the industry has battled soaring costs, depressed prices, policy uncertainty and bouts of violent labour and social unrest. South Africa's Chamber of Mines said on Sunday it had agreed to postpone a court challenge against a new version of an industry charter, which among other things raises targets for black ownership, to allow for talks with newly sworn-in South African President Cyril Ramaphosa.
South Africa's rand weakened as much as 1.7 percent in midday trade on Wednesday to its worst in nearly three weeks after the ruling African National Congress said an early exit for President Jacob Zuma had not been discussed at a party meeting. Initially hit by softening demand for emerging market assets as global bond yields picked up, the rand's losses accelerated to a session-low 12.55 shortly after the ANC Secretary-General Ace Magashule told reporters Zuma's removal was not on the agenda of a meeting of the party's top decision-making body. At 1100 GMT the rand was 1.4 percent weaker at 12.5075 per dollar, slightly better than the slide to its weakest level since Dec. 26.