R/€ = 18.07 Change: -0.01
R/$ = 14.98 Change: -0.05
Au 1715.52 $/oz Change: -6.49
Pt 1191.00 $/oz Change: 13.00


World Gold Council welcomes new members

By: Donna Slater     2nd March 2021 Gold market development organisation the World Gold Council (WGC) has added to its board as members, with Aura Minerals, B2Gold, Sandstorm Gold Royalties and Shandong Zhaojin Group having joined. WGC chairperson Randy Smallwood says each new member will bring a different area of expertise to the... 

Nersa approves Transnet petroleum tariff

By: Simone Liedtke     1st March 2021 The National Energy Regulator of South Africa (Nersa) has set the Petroleum Pipelines System tariff, which will allow State-owned rail entity Transnet to realise an 11.15% decrease in allowable revenue (AR) compared with the 2020/21 tariff period. However, owing to a forecasted reduction in the... 

JCB appoints Bell to distribute its equipment in South Africa

By: Schalk Burger     26th February 2021 Construction equipment manufacturer JCB has appointed materials handling subsidiary and distributor Bell Equipment South Africa as the distributor for the full range of JCB construction equipment from May 1. Bell Equipment Sales South Africa (Bessa) will be JCB's distributor in the key South... 

Proudly South African launches its 9th annual and 1st virtual Buy Local Summit & Expo

26th February 2021 Proudly South African, the country’s official buy local advocacy campaign, will be hosting its 9th annual and first ever virtual Buy Local Summit & Expo between 8-10 March, 2021. A vastly different format from previous Buy Local Summits, this event will focus on conversations that educate,... 

Tribunal gives go-ahead for eSwatini-based forestry merger

By: Marleny Arnoldi     26th February 2021 The Competition Tribunal has approved a merger between Shiselweni Forestry Company and Peak Timber and Peak Forest Products (PFP). The tribunal did, however, stipulate conditions related to the sawn and untreated mining timber, final product mining timber, untreated transmission poles, building... 

M&E sector output to recover this year after 15% decrease recorded for 2020 

By: Marleny Arnoldi     26th February 2021 The Metals and Engineering (M&E) sector was no doubt under pressure in 2020 owing to lower steel production and general trading restrictions, Steel and Engineering Industries Federation of Southern Africa (Seifsa) says in its latest 'State of the M&E Sector' report. Seifsa chief economist and... 

Can the agricultural sector save South Africa’s economy?

By: Creamer Media Reporter      26th February 2021 Farming on the prospects for growth is a challenge for us all, writes John Hudson. While the emphasis of President Cyril Ramaphosa’s State of the Nation Address (SoNA) was on growing the economy and creating jobs, the agricultural sector was handed what is probably the biggest challenge. 

Mixed response to Mboweni's Budget Speech

By: Tasneem Bulbulia     25th February 2021 Industries and business have responded with mixed reviews to the Budget Speech delivered by Finance Minister Tito Mboweni on February 24. Industry organisation Business Leadership South Africa (BLSA) posits that it showed the fruits of a better-than-expected economic recovery and tax collection... 

Alcohol, tobacco industries bemoan excise tax increase

By: Tasneem Bulbulia     25th February 2021 The South African alcohol industry, including the National Liquor Traders Council (NLTC), South African Liquor Brandowners Association (Salba), Vinpro, the Consumer Goods Council of South Africa (CGCSA), retailers and manufacturers, have noted their concern about Finance Minister Tito Mboweni’s... 

South African Certificate of Approval

By: Creamer Media Reporter      24th February 2021 Leading cable gland manufacturer, CMP Products, has achieved approval to South African National Standard (SANS) 60079 for its range of hazardous area cable glands and accessories. The latest accreditation comes as CMP continues its push for growth across South Africa and the wider African... 

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