Transnet heading for credit downgrade
TRANSNET is heading for a credit downgrade, according to BusinessLive which said on Monday Moody's had placed South Africa's state-owned ports and rail company on...
Anglo seeking buyers for Woodsmith POLY4 in Middle East, Africa
ANGLO American is seeking partners in the Middle East and Africa to do supply and distribution deals for fertiliser from its capital intensive Woodsmith...
Why is Anglo’s Woodsmith project struggling to win favour?
THE global vitamin and supplements industry is thriving. Estimates of its trajectory vary, but one is that vitamin sales will rise to $8.9bn in...
SA Govt to deploy soldiers to curb illegal mining
THE South African government has authorised the deployment of 3,300 soldiers in support of police efforts to curb illegal mining, said Bloomberg News.
Citing a...
Zimbabwean targeted as UK tightens sanctions on Russian metal exports
THE UK tightened sanctions on gold and platinum group metal (PGM) exports from Russia including the activities of a company with links to a...
Transnet R4.4bn debt rollover only raises prospect of state bailout
SOUTH Africa's Public Investment Corporation (PIC) rolled over R4.4bn in debt owed by the country's state-owned rail and ports firm Transnet, said News24.
However, the...
Zimbabwe miners facing profit slump
MINING firms in Zimbabwe, which are among the country's top export revenue earners, are likely to see profits drop almost 15% next year, with...
Base Resources shares tumble as signals end of Kwale
SHARES in Base Resources tumbled nearly 18% after the company said exploration had failed to extend the resources of its Kwale mineral sands deposit...
Transnet seeking R50bn for mission critical capex
TRANSNET needs at least R50bn in funding to eradicate the current maintenance backlog on its rail network and to restore it to its full...
Transnet pencils in net profit for 2025 if capital funding secured
TRANSNET set out plans to return to profit in its 2024/25 financial year as part of a turnaround plan in which it confirmed the...