R/€ = 17.43 Change: -0.07
R/$ = 14.63 Change: -0.05
Au 1736.90 $/oz Change: -2.68
Pt 1173.50 $/oz Change: -14.50


News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

Brian Molefe adamant that Ramaphosa's 'influence' was used to seal dodgy coal deal

2nd March 2021 Former Eskom CEO Brian Molefe has told the Judicial Commission of Inquiry into State Capture that the allegations he made against President Cyril Ramaphosa should not be swept under the carpet, as he continued to pick at the business links the president once had with Glencore. On Tuesday, Molefe... 

Glencore 'used relationship' with Ramaphosa to 'extort' Eskom, former CEO Brian Molefe claims

2nd March 2021 Former Eskom CEO Brian Molefe has told the State Capture Inquiry that Glencore used its relationship with President Cyril Ramaphosa, who used to be the chairperson of its Optimum coal mine, to try to extort money from the power utility as it renegotiated the terms of its contract. Optimum, which... 

11 apprehended for torching Limpopo mine offices

2nd March 2021 Eleven people have appeared in court following an attack at the Palabora Mining Company in Phalaborwa, Limpopo. They were apprehended on Friday night following violent protests in the area, police spokesperson Brigadier Motlafela Mojapelo said. 

Mining growth projects add glimmer of hope in dreary economic climate

24th February 2021 As mining companies turn to domestic growth-development projects, their spending spree may be what the sector needs to lift it from a slump it has endured for many years.  Companies such as platinum mining giant Sibanye-Stillwater and Kumba Iron Ore have led the way in ploughing cash into their... 

Zondo blasts 'negligent' former Eskom board over R1.68bn prepayment to Gupta entity

11th February 2021 Failure by the 2015 Eskom board to interrogate the submission to authorise a R1.68-billion prepurchase payment to a Gupta-owned company cast doubt on the directors prudence, with State Capture Commission chairperson Deputy Chief Justice Raymond Zondo going as far as calling them negligent on... 

Red tape costing SA miners their competitive edge, laments Sibanye-Stillwater boss

4th February 2021 Rebooting local mining would require a common vision between the sector and government, the CEO of Sibanye-Stillwater Neal Froneman said on Wednesday, adding that a number of growth-inhibiting factors still remain. From policy certainty, efficient processing of mining rights application to... 

South Africa now ties Sudan in eleventh place for annual gold production

2nd February 2021 Once the undisputed largest gold producer in the world, South Africa is now tied with Sudan for annual gold production in eleventh place globally, according to new data from the US. The US Geological Survey on Tuesday published estimates of global gold production for 2020. South Africa's... 

There was no alternative to Eskom's R1.68bn prepayment to Tegeta, says Koko Matshela

13th January 2021 Matshela Koko, the former head of generation at Eskom, told the state capture commission of inquiry that there was nothing wrong with a controversial R1.68 billion pre-payment which the power utility made to Gupta-owned Tegeta Exploration and Resources after the company clinched a coal supply... 

Former Eskom manager held 'secret' meetings with Tony Gupta over Tegeta contract

12th January 2021 Former Eskom manager, Ayanda Ntetha told the Zondo Commission of Inquiry on Tuesday that she had secret meetings with Tony Gupta at his Saxonwold home to discuss a coal supply contract between the power utility and Tegeta, a mining business owned by the politically connected family. Nteta, who... 

Gupta-linked firm was appointed to market and sell Alexkor joint venture diamonds, inquiry hears

8th January 2021 A firm which was appointed to market and sell diamonds for a joint venture that state-owned diamond mining company Alexkor was part of had links to the Gupta family, the judicial commission of inquiry into state capture heard. The commission, chaired by Deputy Chief Justice Raymond Zondo, held... 

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