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Gold teeters above $1 800 as lower yields counter dollar strength

By: Reuters     4th July 2022 Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1 800 mark and marginally outweighed pressure stemming from an elevated US dollar. Spot gold was up 0.1% at $1 811.76/oz, as of 05:44 GMT. US gold futures rose 0.7% to $1 813.70. Bullion prices... 

Kganyago says half-point South Africa rate hike possible in July

By: Bloomberg     29th June 2022 Traders tempered expectations for the largest South African increase in borrowing costs in almost two decades after the head of the nation’s central bank said it may consider raising interest rates by only half a percentage point in July. Annual inflation that surged above the Reserve Bank’s... 

Reform, State capability, corruption must be addressed before South Africa can progress – Mavuso

By: Donna Slater     24th June 2022 Three critical issues stand in the way of South Africa moving forward in terms of developing and attracting investment, Business Leadership South Africa CEO Busi Mavuso said at the Southern Africa France Business Forum on June 22. Hosted by Business France, French Foreign Trade Advisors and the... 

Is it possible to convert old coal mines into successful farms?

By: Darren Parker     24th June 2022 The rehabilitation of South Africa’s closed coal mines has long been a source of contention among miners, environmental activists and affected communities. Numerous old mines were not rehabilitated at all, while many others were rehabilitated to within only the bare minimum requirements of the... 

Is it possible to convert old coal mines into successful farms? 

By: Darren Parker     24th June 2022 The rehabilitation of South Africa’s closed coal mines has long been a source of contention among miners, environmental activists and affected communities. Numerous old mines were not rehabilitated at all, while many others were rehabilitated to within only the bare minimum requirements of the... 

Tourism, travel industries welcome repeal of remaining Covid-19 restrictions

By: Schalk Burger     23rd June 2022 A range of tourism and travel organisations and businesses have welcomed the lifting of the last Covid-19 restrictions, including those that had been in place at ports of entry and those restricting the size of gatherings. Association Of Southern African Travel Agents CEO Otto de Vries said the... 

Afrimat Construction Index shows first quarter decline 

By: Irma Venter     23rd June 2022 Although the Afrimat Construction Index (ACI) has marginally outperformed South Africa’s gross domestic product (GDP) growth rate during the first quarter of 2022 on a year-on-year basis, the index has returned to a trend of declining between each year’s fourth quarter and the first quarter of... 

Vesconite Hilube’s low friction material demonstrated during testing at CERN

23rd June 2022 For engineers at CERN (CERN, the European laboratory for particle physics), understanding the co-efficient of friction of a given friction material (including Vesconite Hilube low-friction material, which is being introduced into CERN’s new tooling system) is of utmost importance.   

More to see and do at Electra Mining Africa, celebrating 50 years this year

21st June 2022 Electra Mining Africa and its line-up of conferences and free-to-attend seminars will be taking place from 5-9 September at the Expo Centre, Nasrec, in Johannesburg. Hundreds of exhibitors are ready to showcase their latest innovations, technology, products and services at Southern Africa’s... 

Increased interest in gas-powered generators

By: Nadine Ramdass     17th June 2022 Since the lifting of the own-generation licence threshold to 100 MW, interest in using gas for embedded power generation has increased significantly, says gas engine and hybrid power plant specialist Clarke Energy business development manager Kara Neale. The high efficiency of gas-powered... 

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