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By: Martin Creamer Updated 5 hours ago Troubled South African State power utility Eskom should place emphasis on stability ahead of improvement, GE chairperson and CEO Jeffrey Immelt suggested on Monday. Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, the head of the 137-year-old, 350 000-employee US... →
By: Megan van Wyngaardt Updated 6 hours ago President Jacob Zuma sent the Mining and Petroleum Resources Development Act (MPRDA) Amendment Bill back to the National Assembly last week, as the Act was “likely unconstitutional” in terms of its social aspects. In a statement made on Monday, the Presidency said that the amended legislation... →
By: Sapa Updated 6 hours ago Sixteen men stole an undisclosed number of diamonds from a mine near Prieska on Monday morning, Northern Cape police said. "This morning at about 03:40, about 16 men stormed into a local mine near Prieska," said Lt Olebogeng Tawana. →
By: Sashnee Moodley Updated 7 hours ago The public review period for the integrated water use licence application for the proposed construction of a 600 MW coal-fired independent power producer plant and associated infrastructure for Kuyasa Mining subsidiary KiPower will be extended until March 24. →
By: Reuters Assets under management of exchange traded funds (ETFs) will double to at least $5-trillion by 2020, consultant PwC said on Monday, as investors increase exposure to such products given their lower costs than traditional mutual funds. "Institutional investors are widely expected to be the primary... →
By: Natasha Odendaal As part of its ongoing restructure and strategic review, Village Main Reef has reshuffled its board, effective February 1. Village appointed Octavia Matloa as deputy chairperson and lead independent nonexecutive director, while Godfrey Ntoele would assume the role of independent nonexecutive... →
By: Megan van Wyngaardt The signing of a 25-year infrastructure development agreement (IDA) between Aim-listed iron-ore explorer and developer Sable Mining Africa and the government of Liberia would allow the company to use, rehabilitate and expand the established rail line from Yekepa, in south-east Guinea, to the Port... →
By: Martin Creamer London-listed South Africa-focused diamond-mining company Petra Diamonds, which on Monday declared its first dividend, has pushed up production guidance to 3.3-million carats for the year to June 30. Petra, which operates the Finsch, Cullinan, Koffiefontein and Kimberley Underground diamond mines... →