R/€ = 16.22 Change: 0.09
R/$ = 14.29 Change: 0.07
Au 1404.44 $/oz Change: -28.87
Pt 808.12 $/oz Change: -4.89


Broadband Infraco intensifies its role in connecting SADC

By: Natasha Odendaal     21st June 2019 State-owned telecommunications group Broadband Infraco believes there is much potential in the submarine fibre cables market across the Southern African Development Community (SADC). Infraco, which currently acts as the gateway for international connectivity for its landlocked neighbouring... 

Pro Civil to buy Gem’s Ghaghoo mine 

By: Simone Liedtke     20th June 2019 LSE-listed Gem Diamonds has entered into a binding agreement with Pro Civil for the sale of 100% of the share capital of Gem Diamonds Botswana (GDB), which holds the Ghaghoo diamond mine, which has been on care and maintenance since March 2017. Under the share sale agreement, Pro Civil will make... 

South Africa urged to do more to develop its human capital base

By: Tasneem Bulbulia     19th June 2019   It is important for countries, and especially South Africa, to revisit how they build their human capital base. 

Top trends energising Africa’s power sectors

By: Creamer Media Reporter      12th June 2019 An optimal energy mix for Africa relies on a variety of generation technologies. In fact, in a 2015 report McKinsey estimated that if every country in Africa had to build to meet their current electricity demand, the region would require about $490 billion of capital for new generating capacity –... 

Gem paid Lesotho $24.55m in royalties, taxes in 2018

By: Tasneem Bulbulia     11th June 2019 Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year. The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government. 

Lulo diamonds sell for $10m

By: Tasneem Bulbulia     3rd June 2019 ASX-listed diamond miner Lucapa on Monday announced that its latest sale from the Lulo alluvial mine, in Angola, had achieved gross revenues of $10-million, representing an average price of $1 800/ct. This took total half-year sales of Lulo diamonds to $22.1-million, achieving an average price of... 

Lucapa weighing another diamond sale

By: Esmarie Iannucci     29th May 2019 Diamond miner Lucapa Diamond Company has reported sales revenue of A$5-million for the sale of a parcel of 7 008 ct of rough diamonds from its Mothae operation, in Lesotho. The ASX-listed company noted that the tender, in Antwerp, included prices of up to $26 000/ct for individual gems. 

Remembering Kwame Nkrumah

By: Martin Zhuwakinyu     24th May 2019 Barring unforeseen glitches, this edition of Engineering News will hit the newsstands on May 24, a day before the fifty-sixth anniversary of the day when then Ethiopian leader Emperor Haile Selassie hosted the leaders of newly independent African States at a get-together that gave birth to the... 

Mothae delivers another stellar find

By: Esmarie Iannucci     23rd May 2019 Africa-focused diamond miner Lucapa Diamond Company has recovered a 126 ct gem-quality diamond from its Mothae operation, in Lesotho. The diamond is the largest recovered at Mothae since commercial operations started in January this year, and the largest gem-quality diamond ever recovered at the... 

SA business delegation heads to Uganda to explore trade and investment opportunities

By: African News Agency      17th May 2019 A group of 25 South African business people were in high spirits ahead of their departure to Kampala, Uganda, to explore trade and investment opportunities in the agro-processing, capital equipment, energy and furniture sectors in the East African country. This is according to the Department of... 

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