Published: September 7, 2012
South African borrowers enjoy liquid local markets. No wonder international investors feel left out. Mark Dunne reports.
Sometimes it can be a great feeling to tell the world that you were wrong. In July AngloGold Ashanti’s directors reported that production at the group’s mines increased by 9% quarter-on-quarter to 1.073mn oz, beating their own 1.04mn oz forecast for the period. This helped the Johannesburg-based group to generate estimated earnings of up to US$255mn from its operations in 10 countries, including South Africa, where production jumped 18%.