Our debt-to-GDP ratio is growing, we're running a problematic current account deficit, state-owned companies are a drag on the economy and our bloated public service wage bill needs to be trimmed. We're running out of money, and fast.
Pan African Resources will retrench about 1 700 employees by the end of May.
Pan African Resources is considering job cuts at its Evander gold mine, according the National Union of Mineworkers.
Harmony Gold says it will sell its Evander Gold Mines for R1.7bn.
The JSE's gold index has risen almost as much as the gold price, but analysts still do not regard gold shares as the best way to invest in the yellow metal.
The McGregor BFA table showed surprising ‘all-rounder’ listings in the top 30 rankings.
The Competition Commission has given Coal of Africa the green light to acquire Pan African Resources Coal.
CEO Cobus Loots took the helm of Pan Africa Resources last year. The miner’s balance sheet is looking good and the company is even looking to expand its operations to the rest of the continent.
The situation is frustrating, to put it mildly. The gold price has blasted through US$1 500/oz but gold equities have dropped across the board in response and South African gold equities in particular remain stuck in a rut of underperformance.
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