R/€ = 16.39 Change: 0.22
R/$ = 14.64 Change: 0.17
Au 1346.53 $/oz Change: 11.01
Pt 797.34 $/oz Change: -1.70


Carbon Tax Act signed into law, effective from June 1

27th May 2019 President Cyril Ramaphosa has signed the Carbon Tax Act into law and it will come into effect on June 1, the National Treasury said on Sunday. The Act was gazetted on May 23, together with the Customs and Excise Amendment Act, the Treasury said in a statement. "Climate change represents one of... 

Presidency slapped with hefty R29.9bn claim over Lesotho diamonds

16th May 2019 A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho reaches South African courts again. Josias van Zyl, MD of Swissbourgh Diamond Mining, is arguing... 

Over 400 organisations, small businesses join class action against Eskom

7th May 2019 A law firm believes that its plans to launch a class action against Eskom over load-shedding are viable, despite a previous statement from the power utility that there are limited grounds for such a case to be successful. De Beer Attorneys in April called on businesses and organisations which... 

Harmony Gold mineworker dies after fall-of-ground incident

9th April 2019 A 38-year-old mineworker died on Monday at Harmony Gold Mining Company in Doornkop, outside Johannesburg. She was certified dead on the scene. This, after a fall-of-ground incident at the mine, the company said in a statement. It is investigating the incident. 

Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

8th April 2019 Thousands of jobs will be lost at Lonmin over a three-year period following its merger with Sibanye-Stillwater, the Association of Mineworkers and Construction Union has argued. The union has lodged an appeal before the Competition Appeal Court to set aside a 2018 decision by the Competition... 

Eskom spokesperson resigns

5th April 2019 Eskom spokesperson Khulu Phasiwe has resigned.  Phasiwe took to WhatsApp to announce his resignation. Phasiwe said he would complete his notice period at Eskom, and said he had no immediate plans after that.  

Mining body says 90 000 jobs at risk from electricity price hikes

26th March 2019 The Minerals Council South Africa has said that as many as 90 000 jobs in the country's mining sector could be at risk "solely as a result" of recent electricity tariff increases. "Given the mining sector’s dependency ratio of 10 people supported by each mining job, the potential socio-economic... 

Mantashe gunning for illegal mining syndicate leaders

19th March 2019 Illegal mining operations and criminal syndicates steal, per annum, the equivalent of the total output of South Africa's legal gold mining operations in 2018. The Mineral Resources Minister Gwede Mantashe, however, has a plan to take down the criminal syndicates and zama zamas. 

Cosatu slams Mantashe, echoes calls to amend mine health and safety act

6th March 2019 Trade union federation the Congress of South African Trade unions (Cosatu) has denounced Mineral Resources Minister Gwede Mantashe’s statement that bringing criminal charges against mining bosses for fatalities at mines will cripple the industry. Following the release of mining sector fatalities... 

Former Glencore CEO 'devastated' by Molefe's about-face on coal deal

28th February 2019 Former Glencore chief executive Clinton Ephron has told the Zondo commission into state capture that he was devastated when former Eskom CEO Brian Molefe told him Eskom would not be updating the company’s contract with the power supplier. Ephron took to the stand on Wednesday and was widely... 

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