Thursday, May 3, 2007

S.Africa gold shares weigh on bourse, Investec shines

(Reuters) - Gold Fields Ltd posted worse-than-expected third-quarter earnings spooking the gold sector, which weighed on South African stocks on Thursday, but Investec rose on a positive trading outlook.

Gold Fields' Q3 adjusted earnings per share fell by 23 percent and the company forecast marginal growth in output in the current quarter, dampening the sector's performance ahead of AngloGold Ashanti's first quarter results due on Friday.


Read more at Reuters Africa

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