Allan Gray ups stake in Pan African to 7%
Allan Gray, an asset management firm, swam against the tide again today increasing its stake in South African gold producer, Pan African Resources, to 7%.
Corruption is SA’s national sport: Phiri
Steve Phiri, CEO of Royal Bafokeng Platinum, said corruption had become a national sport in South Africa and was holding back investment in its mining sector.
De Beers improves sightholder capital access
Philippe Mellier, CEO of De Beers, said access to capital for cutters and polishers had been improved after it improved the transparency of its contracts.
Zimbabwe sets March indigenisation deadline
Zimbabwe imposed a March deadline for all foreign companies to submit new indigenisation compliance plans.
Zambia confirms it will lower royalty to 6%
Zambia confirmed it would lower the royalty payable for underground mining to 6% from the recently adjusted level of 9%.
Harmony looking for more BEE ownership
Graham Briggs, CEO of Harmony Gold, said it was seeking further BEE deals and that it more than complied with the targets set down in the mining charter.
SA’s SDT refuses to disclose buyers of gems
The State Diamond Trader responded to parliamentarians' demands for details on its clients saying it was not in the public interest to provide those details.
Platinum CEOs unite in fight against strike
South Africa's platinum CEOs said workers were being promised wage increases by AMCU that could not be met and pleaded for a resolution.
Eskom aims to secure 16% tariff hike
South African power utility, Eskom, will attempt to secure a tariff increase of 16.6% for 2016/17 when it begins hearings with Nersa this week.
Eskom suspensions followed tender audit
The suspension of Eskom executives was preceded by a call for proposals from auditors to examine the utility's tender processes.