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Unions, business in rare alliance against Eskom

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It's not often a union like Numsa joins hands with the business community; but it is as it seeks to oppose common enemy Eskom.

IDC sounds note of caution on steel mill plans

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Plans by government to build a steel mill in South Africa must be implemented with a view to avoiding "unintended consequences", according to the IDC.

Motsepe reiterates interest in platinum deals

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Patrice Motsepe, executive chairperson of African Rainbow Minerals, said his firm was interested in platinum acquisitions, reiterating comments made in September.

Eskom must be allowed to earn profit: Eberhard

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Past electricity tariff increases given to Eskom were justified, said Anton Eberhard who added the utility was required to make a profit for its own capital requirements.

BHP lines up for 10% copper, iron ore, oil growth

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BHP Billiton was positioned to grow production from its key divisions on the back of 'return capacity' and improved demand from China.

Ramaphosa begins withdrawal from business

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Cyril Ramaphosa, newly elected deputy president of the ANC, set to work unravelling his business ties today, resigning from the boards of two prominent companies.

Gordhan brings perspective to tax fears

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It fell to finance minister Pravin Gordhan to bring perspective to fears the South African mining industry was imminently facing a radical overhaul of its tax regime.

Wesizwe captures $650m in Bakubung loan

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Wesizwe Platinum will bridge the R1.4bn in increased capital expenditure announced last year with a $650m loan from the China Development Bank.

Anglo to write-down $4bn to $5bn: report

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Anglo American is set to announce write-downs of between $4bn and $5bn, according to the Sunday Times.

Amplats furore knocked R40bn off Anglo

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Investors fled Anglo American, although according to a legal expert the suspension of its mining licences would have to be conducted through the courts first.