Off The Wires

Economy will recover from strike: Davies

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Rob Davies, trade and industry minister, said South Africa would recover from the five month platinum strike as minerals beneficiation took centre stage.

Former Anglo CEO Carroll re-emerges

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Former Anglo American CEO, Cynthia Carroll, has taken on an advisory role at UK-listed Vedanta Resources.

Ramaphosa ‘blind trust’ questioned

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Plans by Cyril Ramaphosa to place some business interests in a blind trust have been questioned by an attorney.

Gold Fields’ Holland takes 45% pay cut

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Nick Holland, CEO of Gold Fields, received 45% less pay in 2013 after deciding to forgo a cash bonus amid controversy about the sale of a stake in the South Deep mine.

ARM interim earnings forecast 45% lower

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The commodity price slump would take interim headline earnings for African Rainbow Minerals down some 45%, the company said.

AMSA to seek duties on Chinese imports

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Paul O'Flaherty, CEO of ArcelorMittal South Africa, wants export tariffs slapped on Chinese long and flat steel products.

Gold mine collapse kills 40

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The collapse of a small-scale mine in the Central African Republic killed at least 40 people, according to a statement from the country's presidency.

Solidarity settles with Northam but NUM continues

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Trade union Solidarity signed "a favourable" wage agreement with Northam Platinum following a second round of wage negotiations between trade unions and the company.

Energy a certainty for SA power mix

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Newly appointed energy minister, Tina Joemat-Pettersson, said nuclear energy would play a part in South Africa's future energy mix.