Fears about Minister Dlodlo weren't unfounded. Six months into the job, she's been accused of issuing illegal interception orders, writes Adriaan Basson.
In dollar terms, the JSE has been one of the worst performers in the world this year.
Implats has been in and out of the Top 40 index over recent years.
South Africa’s Association of Mineworkers and Construction Union is making “slow, steady” progress on wage talks, but the offer from the former Lonmin operations was provoking a strike, its president said.
With the acquisition of Lonmin, Chief Executive Officer Neal Froneman has completed Sibanye’s transformation to a giant of SA's key platinum sector.
Lonmin plans to cut 4 100 workers at mines that have run out of profitable ore and are being closed.
The Public Investment Corporation, whose 30% stake in Lonmin is enough to block the miner’s planned takeover by Sibanye Gold, is concerned that the value of the all-share deal has been eroded, according to a person familiar with the matter.
Sibanye Gold faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti plans to sell.
One of the most polarizing figures in South African mining, union leader Joseph Mathunjwa has never hesitated to go head-to-head with powerful CEOs. Now he may have to face down the government.
The Labour Department has said it intends to deregister one of the country’s biggest mining unions, just weeks before crucial platinum-industry wage talks are expected to begin.
Sibanye Gold, the biggest producer of the metal from South African mines, is not thinking of spending new capital to grow local operations because of an uncertain investment environment.
Sibanye Stillwater - the world's biggest producer of platinum, the second-largest palladium producer and a major gold miner – plans to restructure its holding structure.
Mining stock Sibanye has a significantly higher target having broken out of a large, bullish chart pattern.
South Africa, which led global gold production for a century and extracted about half the bullion ever mined, is now Africa’s second-largest gold producer.
The state-owned asset manager faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.
Judge Dennis Davis on Friday dismissed an appeal by the Association of Mineworkers and Construction Union (AMCU) who wanted an aproval by the Competition Tribunal for a merger between mining companies Sibanye-Stillwater and Lonmin set aside.
While some analysts have questioned the value of Sibanye’s offer, Lonmin Chief Executive Officer Ben Magara continues to recommend it, saying the rebound in earnings isn’t sufficient to resolve the company’s long-term challenges.
Gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.
The JSE closed weaker on Thursday on the back of broad-based weakness across most global equity indices.
The first quarter of 2019 was painful for investors in many companies which make their money from SA consumers, but the bourse in general didn't share their pain – in part thanks to mining shares.
AMCU issued a notice to at least 15 companies last week about the action that was scheduled to start with the night shift on Thursday.
Western CapeThe Building Company
Cape Town Northern SuburbsPlacement Point (Pty) LtdR420 000.00 - R480 000.00 Per Year
Western CapeLiberty Financial Advisers
Apartments / Flats
R 2 495 000
R 2 790 000
R 4 899 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.