R/€ = 16.22 Change: 0.09
R/$ = 14.29 Change: 0.06
Au 1405.99 $/oz Change: -27.32
Pt 807.50 $/oz Change: -5.51


Vasari to invest $100m in African breweries

By: Marleny Arnoldi     21st June 2019 Alcoholic beverage investor Vasari Beverages has completed a $100-million capital raise to fund the expansion of its existing beverage operations in Ethiopia, as well as to pursue new acquisitions and greenfield development opportunities across Africa and Asia. Vasari, majority owned by CEO... 

Trade figures at record high

By: Mc'Kyla Nortje     21st June 2019 In recent years, trade figures between South Africa and Germany have been at a record high with a trade volume of more than €17-billion last year, says Southern Africa German Chamber of Commerce and Industry (SAGCCI) CEO Matthias Boddenberg. He adds that there is a positive development of exports... 

Trans Mountain pipeline expansion project, Canada

By: Sheila Barradas     21st June 2019 Prime Minister Justin Trudeau’s government is proceeding with the construction of the pipeline project. 

Syrah to raise A$111m, signs new offtake

By: Esmarie Iannucci     20th June 2019 Graphite miner Syrah Resources will raise some A$111.6-million though a convertible note and underwritten entitlement offer to ramp-up production at its Balama project, in Mozambique. Syrah has struck an agreement with its largest shareholder AustralianSuper to issue a five-year unsecured... 

Introducing a global force in waterproofing to South Africa

20th June 2019 We believe it’s time to think bigger when it comes to roofs. To push the boundaries of what’s possible and redefine what a roof can mean to all of us. It could be extra living space for your family. It could be something that transforms the energy efficiency of your business.  

Mozambique gas riches near as $25bn LNG plant approved

By: Bloomberg     19th June 2019 Anadarko Petroleum approved a $25-billion liquefied natural gas (LNG) project in Mozambique that could help transform the economy of one of the world’s poorest countries. CEO Al Walker signed off on what he called the biggest ever foreign investment in Africa. Anadarko sees potential for... 

Trudeau approves Trans Mountain pipeline expansion

By: Bloomberg     19th June 2019 Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s Cabinet approved the expansion of Trans Mountain, a... 

India important to global copper demand growth, CRU analyst tells conference

18th June 2019 India and Asia will drive global copper growth beyond 2025 with China remaining a dominant consumer of the red metal, according to a Latin American commodity analyst. Addressing the Copper to the World conference in Adelaide, Australia, on Tuesday, Santiago-based CRU Consulting principal analyst... 

Swiss refiner Metalor to stop processing artisanal gold

By: Reuters     18th June 2019 Switzerland's Metalor, one of the world's biggest gold refineries, said on Monday it would work only with gold from large industrial mines in order to reduce the risk of illegality in its supply chain. Informal methods of gold production, known as "artisanal" or small-scale mining, have grown... 

Gold busts above $1 350 as Iran tension, fed outlook spur demand 

By: Bloomberg     14th June 2019 Gold smashed above $1 350/oz to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next week’s Federal Reserve meeting, when policy makers may move closer to cutting rates. Bullion for immediate delivery rose as much as 1.2% to $1 358.26/oz. Prices are set for a fourth... 

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