R/€ = 16.29 Change: -0.03
R/$ = 14.53 Change: 0.00
Au 1345.09 $/oz Change: 0.93
Pt 804.53 $/oz Change: 7.27


Eskom keeps investors in the dark as debt speculation mounts 

By: Bloomberg     22nd May 2019 As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to... 

Eskom 'too big to fail' and won't be privatised, Ramaphosa tells investors 

By: News24Wire      15th May 2019 President Cyril Ramaphosa reiterated at an investment conference in Johannesburg on Wednesday that struggling power utility Eskom would not be privatised, adding it was "too big to fail".  Ramaphosa was delivering his first major post-election economic address at a conference hosted by the... 

Goldman says Eskom's crisis leaves no time for unbundling plan  

By: Bloomberg     11th April 2019 South African President Cyril Ramaphosa’s plan to split the State-owned power utility into generation, distribution and transmission divisions will take longer than the government has to revive the business, according to Goldman Sachs Group. Eskom Holdings is focusing on trying to avoid... 

As Goldman backs off, Citi says chase iron-ore rally to $100/t

By: Bloomberg     8th April 2019 Iron-ore’s poised to hit $100/t, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand. That view follows advice from Goldman Sachs Group that investors should be closing bullish bets after recent gains. “Iron-ore is not... 

Barrick’s deal-making chairperson awarded $12.9m in 2018

By: Bloomberg     8th April 2019 Barrick Gold boosted executive chairman John Thornton’s total compensation last year 67% to $12.9-million, rewarding the former investment banker for the company’s performance and his role in the merger with Randgold Resources. Thornton received a $9.74-million bonus on top of his $2.5-million... 

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