South African stocks are on... Oct 31, 2008 01:04:06 JOHANNESBURG (Reuters) - South African stocks leapt more than 5 percent on Thursday after a U.S. Federal Reserve interest rate cut boosted global equities and domestic inflation data backed the case for lower borrowing costs at home.
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Johannesburg’s economical backbone still is the gold industry. Only a few of the initial mining oprations in Johannesburg are still active in the cityarea, but the former mines and the mine dumps had a lasting impact on the appearance of the urban landscape and the industrial structure.