Dismay at platinum sector pressure
The rollercoaster performance of South Africa's platinum stocks may reflect the view towards equities in general but the platinum market suggests evidence of a growing deficit.
Eskom strike would be illegal – spokesperson
A strike by Eskom employees would be considered illegal as the power utility is deemed an essential service, an Eskom spokesperson said.
Ipsa’s Earl calls it quits
Peter Earl, CEO of Ipsa, is stepping down from executive duties at the company after helping found the company six years ago.
Union applauds Motala’s removal
Solidarity welcomes the decision by South Africa's minister of justice to remain Enver Motala from the panel of liquidators following his role in the Aurora Empowerment controversy.
Iron ore steady ahead of steel uptick
Steel production was likely to tick up in September and October in China with iron ore prices holding steady in the meantime, traders said.
Gold choppy, but safe bet in long term
The outlook for gold would remain choppy, analysts said, with repeated liquidations, but in the long-term the metal would serve as a base to offset broader economic risks.
Cortec banned from Kenya prospect
Cortec, a South African company, has been told to stop mining in Kenya where it has already sunk nearly $144m searching for niobium which is used in the production of ferrous metals.
Impala must improve on 2006 Zim deal
Impala Platinum said the Zimbabwean government had recognised Impala's previous indigenisation agreement, which must now be improved upon.
Glencore ups stake in Optimum further
Glencore further edges up its stake in Optimum Coal Holdings snapping up another percent in the coal producer, South Africa's sixth largest.
Froneman nets R11m in ‘retention fee’
Gold One CEO, Neal Froneman, also praises shareholders for recognising the value of the firm's combination with the Chinese.