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Darlene Creamer

Global Mining News in real time

Darlene Creamer

20th May 2022 Eskom has given its assurance that it will do what it can to limit rotational power cuts during the winter months. There are signs, however, that this winter could be both cold and dark. The under-maintained coal fleet is simply in no state to offer reliable supply and South Africa has not... →

EXTREME PRESSURE

13th May 2022 Recent developments in South Africa, especially the deadly July 2021 riots and the horrific KwaZulu-Natal floods, have seriously undermined confidence in the future. The negative effects of these developments are being amplified by a series of international factors – including horrific conflicts,... →

HANGING TOUGH

6th May 2022 Consumer inflation nudged the upper end of South Africa’s 3% to 6% target band in March when it reached 5.9%, and it is expected to rise further. In a context of low growth and high unemployment, questions will naturally arise about the wisdom of holding on to a target, which will required yet... →

SHAMEFUL GOVERNANCE

29th April 2022 Chinese philosopher Confucius is said to have expressed the following about governance: “In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.” In South Africa, where governance is now equated with money and... →

WORRYING RISE

22nd April 2022 The Food and Agriculture Organisation’s gauge of global food prices rose at a record pace in March, fuelled by Russia’s invasion of Ukraine, and the United Nations body has warned of further increases to come. Food inflation in South Africa also continues to accelerate, with the Bureau for Food... →

SLOTS FOR SALE

15th April 2022 State-owned freight logistics group Transnet is turning to the private sector in a bid to revive the fortunes of two underperforming rail corridors. The group’s rail unit has officially launched a bidding process for 16 rail slots on both the container corridor from Durban to City Deep and its... →

EXPLOSIVE SHACKLES

8th April 2022 South Africa’s official unemployment rate rose to a record 35.3% in the fourth quarter of 2021. The Quarterly Labour Force Survey showed that the number of unemployed people increased by 278 000 to 7.9-million. It’s a terrifying figure. Even more terrifying, however, is a youth unemployment rate... →

HIKED TO HURT

1st April 2022 While nothing even resembling the pain being experienced by Ukrainians living in towns and cities being attacked by the Russian military, South Africans are not immune from the economic hurt flowing from the invasion. Fuel prices will rise sharply again in April after having already surged in the... →

INFLATION MONSTER

25th March 2022 After a relatively long hibernation, the inflation monster is awake and ready to eat the income and wealth of all citizens, poor and rich alike. Initially awakened by uneven supply-chain recovery efforts following the Covid lockdowns, Russia’s invasion of Ukraine has poked the monster further.... →

SHAMEFUL

18th March 2022 While it’s not difficult to point out the West’s hypocrisy in its response to Russia’s vicious invasion of Ukraine, South Africa’s own response has been shameful. The decision to abstain in a United Nations vote condemning Russia has been rationalised on the basis on this country’s commitment to... →

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