R/€ = 17.60 Change: 0.00
R/$ = 17.63 Change: 0.00
Au 1724.97 $/oz Change: 17.35
Pt 932.50 $/oz Change: 18.50


Transnet tables new wage offer, applies to CCMA for conciliation

By: Schalk Burger     4th October 2022 State-owned Transnet has applied to the Commission for Conciliation, Mediation and Arbitration (CCMA) to convene conciliation discussions regarding the group’s current wage negotiations with labour unions. This follows after the unions rejected Transnet’s latest offer on October 3. 

Makwana returns to lead a new Eskom board that includes five engineers 

By: Terence Creamer     30th September 2022 Public Enterprises Minister Pravin Gordhan has unveiled the names of the much-anticipated new Eskom board, which includes five engineers and a trade unionist, and which will be led by Mpho Makwana, who was appointed executive chairperson at the utility in late 2009 following a previous leadership... 

Anglo Coal spinoff looks cheap against peers after 1 300% surge

By: Bloomberg     28th September 2022 Thungela Resources has soared more than 1 300% since the South African coal miner was carved out of Anglo American Plc last year. But despite this scorching rally, investors value the stock at a discount to worldwide peers, whose reserves of the fuel may last longer. Thungela’s shares trade at... 

Conference to evaluate status quo of mining sector

23rd September 2022 The Joburg Indaba, hosted by mineral resources, energy and mining conference specialists Resources 4 Africa, draws together captains of the industry, government officials and investors to present their strategic thoughts on the current state of the mining sector. During the event – to be held on... 

Northern Cape’s proposed green hydrogen hub can help open region’s full energy potential 

By: Martin Creamer     22nd September 2022 The Boegoebaai green hydrogen hub in the Northern Cape can be a strategic project to open Southern Africa’s full green energy potential. A 24-month study of the strategic potential of the hub is within a hair’s breadth of reaching the halfway mark. 

Minergy posts first profits from Masama mine, expects profitable 2023 financial year 

By: Marleny Arnoldi     20th September 2022 Botswana-listed coal miner Minergy has reported “remarkable growth” in revenue from P193-million in the 2021 financial year, to P425-million in the 2022 financial year. The company achieved the one-million-tonne mark for ore extracted and processed at its Masama coal mine, which is located 60... 

Drones to debut as Africa Aerospace and Defence Expo makes post-Covid return

By: Cameron Mackay     16th September 2022 Unmanned aerial vehicles (UAVs) and drones will, for the first time, be flown at the upcoming 2022 biennial Africa Aerospace and Defence (AAD) Expo, while the attendance of private-sector oil and gas, mining and energy companies will represent a “significant presence”. In addition to the economic... 

Construction sector adds value to economy in second quarter – Afrimat index

By: Donna Slater     12th September 2022 JSE-listed industrial minerals, bulk commodities and construction materials miner Afrimat reports that, compared with the first quarter of this year, the construction sector managed to increase the value added to the economy by 4.1% in real terms in the second quarter. This was revealed in the... 

TFR, police clamp down on ferrochrome thieves

By: Creamer Media Reporter      9th September 2022 State-owned Transnet Freight Rail (TFR) and the South African Police Services (SAPS) on September 8 undertook a joint operation in response to the spike in incidents of theft of ferrochrome being transported from mines in Mpumalanga to the coast for export. "TFR has recently witnessed a... 

Shutdown of oil refineries requires more oil imports

By: Leah Shelene Asaram     9th September 2022 Local manufacturers and independent blenders of petroluem byproducts have to increase import expenses, owing to the shutdown of oil refineries, says lubricants manufacturer Oilflow director Enoch Qua-Enoo. “The closure of oil refineries has resulted in a detrimental position for companies... 

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