R/€ = 19.05 Change: 0.12
R/$ = 16.81 Change: 0.02
Au 1681.60 $/oz Change: -26.76
Pt 816.00 $/oz Change: -20.82


How a gas network saves business

By: Creamer Media Reporter      29th May 2020 Under the effects of COVID-19, supply chains across South Africa are undergoing a profound change. Manufacturing and production ecosystems need to evolve and innovate to mitigate the economic fallout. Now, more than ever, a keen balance needs to be drawn between innovating and cost-saving.  In... 

International initiative to fund African Covid-19 research unveiled

By: Rebecca Campbell     22nd May 2020 South Africa’s National Research Foundation (NRF) has announced the launch of a $4.75-million (about R90-million) international Covid-19 Africa Rapid Fund Grant. The purpose of the fund is to support the creation and translation of knowledge to help with the diagnosis, treatment and prevention of... 

Nordgold's first-quarter output up 4% y/y

By: Tasneem Bulbulia     22nd May 2020 Gold producer Nordgold’s production for the first quarter ended March 31 increased by 4% year-on-year to 225 900 oz, mainly driven by higher volumes of ore processed at Taborny and Gross mines, in Russia, and the Suzdal mine in Kazakhstan, as well as higher recovery rates at Gross, Suzdal and the... 

Africa Data Centres acquires major data centre from Standard Bank

By: Natasha Odendaal     21st May 2020 Interconnected, carrier and cloud-neutral data centre facilities network Africa Data Centres has acquired a Tier IV data centre in Johannesburg from Standard Bank. The acquisition by the group, which is part of the Liquid Telecom Group, is expected to disrupt the South African data centre and... 

Early career African scientists awarded UK funding for postdoctoral research 

By: Rebecca Campbell     13th May 2020 South Africans are among the 29 early career African scientists who have been selected to receive research funding under the Future Leaders – African Independent Research (Flair) programme for 2020. Other recipients come from Cameroon, Ethiopia, Ghana, Madagascar, Sudan and Uganda. The 29... 

Kinross' margin growth outpaces gold price increase

By: Mariaan Webb     6th May 2020 Canada-based Kinross Gold has nearly doubled its net earnings in the March quarter, while its margin growth outpaced the increase the average realised gold price. The TSX-listed company, which operates in the Americas, West Africa and Russia, reported net earnings of $122.7-million, or $0.10 a... 

South Deep beginning phased ramp-up – Gold Fields

By: Martin Creamer     23rd April 2020 Gold mining company Gold Fields on Thursday reported that its South Deep gold mine in western Gauteng had commenced a staged incremental ramp-up plan, which included recalling employees, making the mine safe and implementing Covid-19 standard operating procedures. The initial plan would be to... 

Goldplat to restart South African operations on a reduced basis

By: Simone Liedtke     17th April 2020 Aim-listed Goldplat will restart its South Africans operations on a reduced basis by April 20. Mineral Resources and Energy Minister Gwede Mantashe on April 16 announced that South African mining operations will be allowed to resume at a 50% operating capacity from April 17. 

An African automotive industry is starting to emerge

By: Irma Venter     10th April 2020 The great African automotive story of this year will be Ghana, says Volkswagen Group South Africa (VWSA) chairperson and MD Thomas Schäfer, who is also the president of the African Association of Automotive Manufacturers (AAAM). The AAAM, established in November 2015, focuses on the expansion of... 

Policies can assist OEMs with Africa’s automotive market

By: Khutso Maphatsoe     10th April 2020 Africa needs to have policies and incentives in place to help original-equipment manufacturers (OEMs), such as German automotive manufacturer Volkswagen (VW), gain access to the automotive market in Africa, says Deloitte Africa automotive industry leader Martyn Davies. Polices include the... 

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