South African Stocks: Anglo and Billiton

Bloomberg reported the FTSE/JSE Africa All Share Index closed at its highest since July 27, advancing 613.10, or 2 percent.

As quoted in the market news,

Northam Platinum Ltd. (NHM), the operator of the world’s deepest platinum mine, climbed 1.2 percent to 30.10 rand. The company plans to start talks on Oct. 27 to resolve a dispute with unions over pay, Marco van der Linde, a spokesman for the company, said by mobile phone today.

Click here to read the full Bloomberg report.