Miners, MTN drag South African bourse down

(Reuters) - Mining stocks, led by Anglo American, and mobile operator MTN pushed South Africa's blue chip Top-40 index lower on Monday, amid investor concern about lower metal prices and a possible interest rate hike.

The Top-40 ended 0.59 percent lower at 26,139 points while the broader All-share index closed down 0.62 percent at 28,914 points.


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Firstrand raised $699 mln in Euro bond issue

(Reuters) - South African banking and financial services group FirstRand has raised 5 billion rand through its euro medium term notes (EMTN) programme from European capital markets, it said on Monday.

FirstRand said the issue was placed with 41 investors in 16 different countries and priced 50 basis points over the euro three month rate.


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