Off The Wires

Transnet, Eskom boards may change

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President Jacob Zuma is thought to be behind a push to have Ben Ngubane appointed chairman of Eskom while other board changes are also planned.

Amplats lines up 10 buyers for Union

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Anglo American Platinum had lined up ten potential buyers for its Union mine which it was hoping to sell for $300m.

Third Chinese suitor joins race for CRG

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A third company - a Chinese firm called Shengbang Jiabo - has joined the bidding for Central Rand Gold with others also expressing an interest.

ARM interim earnings forecast 45% lower

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The commodity price slump would take interim headline earnings for African Rainbow Minerals down some 45%, the company said.

Harmony to cut 1,500 jobs, says Solidarity

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Harmony Gold was looking to cut its workforce at Kusasalethu by about a quarter, according to the union Solidarity.

Macozoma resigns board posts for Safika

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Saki Macozoma is to relinquish board positions at Liberty Holdings and Standard Bank in order to focus on his investment in Safika.

Exxaro’s Venter served “with distinction”

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Ernst Venter, an executive at Exxaro Resources, had served the company "with distinction" and there was no link between his resignation and an internal review.

Glencore, Merafe sign wage pact

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Glencore and Merafe Resources ended a strike over wages with employees at their jointly owned ferrochrome operations underway since September.

Commodity stocks sell-off over-cooked

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The rout in commodity shares in Johannesburg on was related to global jitters and derivative trading, analysts said who believe weakness would continue.

Eskom board at odds, Govt may intervene

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The South African government may force a reorganisation of Eskom's board amid a power struggle among its executives.