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SA remains coy to fiddle with rand

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South Africa will not be making "inappropriate short-term" responses to weaken the rand as this will hamper longer-term economic growth, says finance minister Pravin Gordhan.

Moody’s takes a shine to AngloGold

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Moody's expects the elimination of its hedge position will boost AngloGold Ashanti's future operating profitability and cash flow generation.

Majali to appear in court

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Alleged corporate hijacker Sandile Majali, who was at the centre of the Oilgate scandal, is expected to appear in a Johannesburg court.

Supply fears hurt Amsa sales

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ArcelorMittal SA CEO Nonkululeko Nyembezi-Heita says jitters over the stability of iron ore supply may have prompted the group's South African customers to source steel from abroad.

Aquarius Platinum looks at listing Mimosa

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Mimosa - the Zimbabwean platinum producer jointly owned by Aquarius Platinum and Impala Platinum could be listed on the Zimbabwe Stock Exchange.

Transnet commits to expand coal exports

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Transnet has committed to increasing coal export capacity on the Richards Bay coal line to 81mt/year by 2014 provided it gets take or pay contracts with the coal exporters.

Law to nationalise mineral rights – critics

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New legislation will remove the final reference to privately held ownership of minerals, in effect nationalising mineral rights, critics say.

BlackRock bullish on copper, iron ore

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BlackRock Inc, the world's largest money manager, is overweight copper and also favours iron ore, says the firm's resources-division chief.

Num: revoke Pamodzi Gold liquidation

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The Num says it is concerned that assets at Aurora's mines are being sold as scrap, saying the "obviously failed" liquidation of Pamodzi Gold should be nullified.

SA faces power crunch from next year

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Power supply over the next five years is going to be tighter than previously expected with 2012 shaping up as the year when it will be most constrained, according to Eskom.