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Solidarity, NUM rejects gold producers wage offer

19th July 2018 Solidarity has become the second workers union to reject the latest three-year wage offer tabled by South African gold producers even though it admitted that the mining companies have presented a gloomy picture of the industry. Solidarity joins the National Union of Mineworkers (NUM) which... 

First African company announces science-based greenhouse gas target

19th July 2018 Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi). The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World... 

SA post office strike over

19th July 2018 The South African Post Office strike has been brought to a halt after trade unions reached an agreement regarding salary increase on Wednesday. The strike started on July 3. 

Tawana says completes demerger of 85% of shares in Cowan Lithium

18th July 2018 Australia-based mineral exploration company Tawana Resources said on Wednesday it had completed the demerger of 85% of the shares in Cowan Lithium Limited, holding the Cowan, Yallari and Mofe Creek assets. Tawana retained 15% of the total issued shares in Cowan Lithium. 

Ramaphosa’s $100bn investment target will be reached in a year – Brics ambassador

18th July 2018 The target set by President Cyril Ramaphosa to garner $100-billion in local and foreign investment to boost the South African economy is “modest” and would be achieved within a year, Professor Anil Sooklal said on Tuesday. “The $100-billion is a modest target. I believe we will reach that in a... 

UN Security Council imposes arms embargo on South Sudan

18th July 2018 The United Nations Security Council (UNSC) has imposed an arms embargo on South Sudan as a measure to prevent the flow of weapons to armed groups in the war-hit nation. The members who backed the imposition of the ban believe such a move would help protect civilians, while others raised concerns... 

Minerals Council says gold sector is facing 'serious challenges'

18th July 2018 The Minerals Council South Africa, formerly the Chamber of Mines, said on Wednesday that the mining industry continued to face major challenges despite the gold sector remaining a significant contributor to the South African economy and its people. This as wage negotiations between four of the... 

SA annual consumer inflation accelerates to 4.6 percent in June - stats agency

18th July 2018 South Africa’s annual consumer price inflation quickened to 4.6 percent in June from 4.4 percent in May, data from the national statistics agency showed on Wednesday. On average, prices increased by 0.4 percent between May and June, Statistics South Africa said. 

Union calls for mine bosses to be prosecuted for deaths of mineworkers

17th July 2018 The National Union of Metalworkers of South Africa (Numsa) on Tuesday called for mine bosses to be prosecuted for the deaths of six miners in Limpopo at the Phalaborwa Mining Company's copper mine. The men died after they became trapped underground when a fire broke out in the early hours of... 

Eskom cuts power to defaulting Free State municipalities

17th July 2018 Residents at Tokologo, Masilonyana and Nala municipalities in the Free State will face power cuts due to the councils' failure to honour their debt payment agreements with Eskom, the power utility said on Tuesday. ''The next payments for Tokologo, Masilonyana and Nala Local municipalities were... 

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