R/€ = 18.33 Change: 0.12
R/$ = 15.32 Change: 0.15
Au 1805.50 $/oz Change: 29.21
Pt 983.13 $/oz Change: 23.63


Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Significant growth in online buying over Black Friday confirms the shift to digital consumption

30th November 2020 While claims of a more digital world have been rife for some time now, on the back of Covid-19 and the widespread lockdown response to the pandemic, few events have served to confirm this shift to digital consumption as clearly and definitively as the recent Black Friday weekend.  That’s... 

Moody's downgrades Telkom's credit rating following sovereign rating action

By: Natasha Odendaal     27th November 2020 Ratings agency Moody’s Investors Service has downgraded telecommunications group Telkom’s corporate family rating to Ba2, from Ba1, with a negative outlook. This followed Moody’s downgrading of South Africa’s sovereign rating by one notch to Ba2 with a negative outlook on November 20. 

L2D sees steady increase in rental collection, footcount in October

By: Marleny Arnoldi     27th November 2020 Real estate investment trust Liberty Two Degrees (L2D) has highlighted the importance of agility in how swiftly the company is able to adapt to new ways of thinking and working going into 2021. In a pre-close investor update, the company states that the impact of the Covid-19 pandemic on its... 

Narrabri gas project, Australia

By: Sheila Barradas     27th November 2020 The project has been given environmental approval. 

Gauteng progresses township economic development agenda 

By: Natasha Odendaal     27th November 2020 The Bill aimed at revamping Gauteng’s township economy is expected to be passed by the end of June 2021. Despite some delays caused by the Covid-19-related restrictions, the Gauteng Township Economic Development Bill has been gazetted and is currently undergoing public consultations. 

Africa poised to benefit from strong European backing in its recovery  

By: Marleny Arnoldi     27th November 2020 Despite this year having been the worst year of growth for the global economy in the past 40 years, and with sub-Saharan Africa facing its first recession in 25 years with a 3.1% gross domestic product (GDP) contraction expected, there remains a strong case for a rebound, as international... 

On-The-Air (27/11/2020) 

By: Martin Creamer     27th November 2020 Strong steps are being taken by investors to open new precious metals mines and to reopen old ones; An ingenious method of turning dreaded acid mine water into drinking water at no cost has been discovered; and there is an urgent need for South Africans to focus unflinchingly on creating economic... 

Business rights or human rights? Swiss vote shines spotlight on companies

By: Reuters     26th November 2020 A billboard of a runny-nosed, dour-faced girl framed by Glencore's sprawling zinc mine in Peru greets commuters at Zurich's main train station with an ominous slogan: "Water contaminated. Child poisoned. Commodities firm liable." As the only large mining firm based in Switzerland, Glencore has... 

Time is now for Africa to increase local beneficiation, says Wits mineral economist

By: Marleny Arnoldi     25th November 2020 University of Witwatersrand (Wits) School of Mining Engineering mineral economist Professor Hudson Mtegha says one of the key areas where South Africa can maximise its potential for economic growth is the beneficiation of extracted minerals. He explains in a statement that this rings true for... 

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