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Petrol price to increase by 4% in June

30th May 2016 The retail price of petrol in South Africa will increase by 4% from June 1, while the price of wholesale diesel will go up by 7%, the Energy Department said on Monday. The price of petrol will rise by 52c to R13.26 a litre in the commercial hub of Gauteng province, while diesel will go up by 76c... 

Four killed in Botswana mining accident

30th May 2016 Four mine workers were killed and six others critically injured in an accident at Botswana's State-owned BCL copper mine, the Minister of Energy and Minerals said on Monday. The ten employees were travelling underground in a mine shaft elevator on Sunday evening when the accident happened,... 

Drought persists despite May rainfall

30th May 2016 South Africa's is still suffering the effects of a drought despite increased rainfall in May, leaving dam water levels low and crop supplies scant, the agricultural ministry said on Monday. The persistence of a severe drought across southern Africa will result in widening cereal deficits due to... 

AMCU says ending strike at Sibanye's Kroondal mine

30th May 2016 Workers at South Africa's Sibanye platinum mine in Rustenburg will return to work this evening following a wildcat strike on Friday, the Association of Mineworkers and Construction Union (AMCU) said on Monday. After a mass meeting at the Rustenburg mine, AMCU general secretary Jeffrey Mphahlele... 

Botswana's economy to return to growth this year – central bank

30th May 2016 Botswana's economy will return to growth this year after contracting in 2015 as water and electricity supply stabilise, the central bank said on Monday. Consumer prices in the southern African country will remain within the bank's target of between 3% and 6%, the Bank of Botswana's Kealeboga... 

Alcoa's spin-off plan sparks dispute with Australian partner Alumina

30th May 2016 ustralia's Alumina has "serious concerns" about the impact of a demerger plan of US partner Alcoa on the pair's bauxite and alumina production joint venture, the Australian company said on Monday. Alumina said in a statement that it was concerned the plan would "result in a material adverse... 

Indonesia says coal output will fall next year

30th May 2016 Indonesia expects its coal production to edge down in 2017, as smaller miners cut output due to lower prices for the commodity, a government official said on Monday. "It's natural selection. The small mines that are not efficient will not be strong and will die," Bambang Gatot, director-general... 

Police deny Gordhan inquiry moved to new unit

30th May 2016 South Africa's elite Hawks police unit denied on Sunday a report that an investigation involving Finance Minister Pravin Gordhan, which has helped to weaken the rand, has been transferred to another part of the force. Citing an unnamed source, the City Press newspaper said the police crime... 

South Africa needs to 'reduce noise' in its political system – Treasury official

27th May 2016 South Africa has to reduce the "noise" in its politics in order to attract investment and improve confidence, a senior Treasury official said on Friday. "We have got to reduce the amount of noise in our political system, especially as it pertains to various policies that are under consideration... 

Russia's Alrosa to hold US, UK investor meetings ahead of stake sale

27th May 2016 Russian diamond miner Alrosa will hold investor meetings in the United States and the United Kingdom in June ahead of a stake sale, a Sberbank executive said on Friday. The Russian government aims to make more than 60-billion roubles ($909-million) from selling a 10.9% stake in Alrosa, with the... 

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