Off The Wires

Harmony suffers fataility at Masimong

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A fall of ground at Harmony Gold's Masimong mine took the life of a miner last night, the gold producer said.

Fitch switches SA outlook to ‘negative’

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Ratings agency, Fitch, changed its outlook for South Africa to negative from stable partly owing to the protracted strike in the platinum sector.

Ramaphosa, Mantashe to blame for strike

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The Workers and Socialist Party has hit out at former trade unionists for failing to negotiate a living wage for miners in the past.

Resource rents back on agenda

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The issue of resource rents and super profits tax raised its head again in meetings by the ANC and the South African Communist Party.

Rand under pressure as problems weigh

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Lower mineral output, the threat of load-shedding by Eskom, and a shift in sentiment by emerging market investors could weaken the South African rand.

Diamond demand to grow 4.5% in 2014

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Demand for polished gems is forecast to grow 4.5% this year owing to a recovery in the US and buoyant trading conditions in China and India.

Zimbabwe gold miners killed

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Seven miners in Zimbabwe's Golden Valley mine were killed when the hoist cage carrying them snapped and fell 80 metres into a pool of water.

Keaton shares up 9% on trading update

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Shares in Keaton Energy gained nearly 9% in Johannesburg as the company said in a trading update that its full-year share earnings would be 150% higher.

Cutifani’s Anglo succeeds or is lunch

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Paul Gait, an analyst at Sanford C. Bernstein said Anglo American is either turned around or it will be bought out "in fairly short order".

Platinum producers may mothball mines

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South Africa's platinum producers may take the drastic step of mothballing mines in Rustenburg affected by the 20-week strike in the sector.