R/€ = 19.34 Change: 0.14
R/$ = 17.37 Change: 0.17
Au 1744.30 $/oz Change: 4.99
Pt 838.41 $/oz Change: 0.91


Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

OR Tambo International Airport reports surge in air cargo operations

By: Rebecca Campbell     29th May 2020 State-owned Airports Company South Africa’s OR Tambo International Airport, east of Johannesburg, has reported that, over the period from March 26 to May 22, it handled 1 400 arriving and departing air cargo flights. This amounted to a 62% increase over the same period last year. For April – the... 

Safety in the office environment

By: Creamer Media Reporter      28th May 2020 “As a company we need to ensure we keep each other safe and adhere to legislative requirements,” says Marius Geyer, General Manager Operations, Bidvest International Logistics Wrench Road. The company’s four-storey Wrench Road office in Isando was home to 300 employees before lockdown. “Employee... 

Resuming operations safely post COVID-19

By: Creamer Media Reporter      27th May 2020 Worksafe steps for organisations to protect their people and avoid the legal consequences of getting it wrong As the return to the ‘new normal’ workplace starts to become the focus for many organisations as lockdown measures relax, International SOS urges businesses to make sure that the return... 

South Africa's rand falls as Sino-US friction dents risk appetite

By: Reuters     27th May 2020 South Africa's rand fell early on Wednesday in line with weakness in other emerging market currencies, as increasing Sino-US friction over China's proposed security law for Hong Kong dented risk appetite. At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close. 

Rand climbs to eight-week high versus the dollar

By: Reuters     26th May 2020 South Africa's rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from the COVID-19 pandemic boosted riskier assets, with investors looking past Sino-U.S. trade tensions. At 0605 GMT, the rand traded at 17.4700 per dollar,... 

Covid-19 highlights challenges, opportunities in South Africa's water sector

By: Simone Liedtke     22nd May 2020 The Covid-19 pandemic has magnified the deficits in the water and sanitation sectors in South Africa, Water Research Commission (WRC) CEO Dr Dhesigan Naidoo said during a webinar on May 22. He added that the pandemic had also highlighted some of the opportunities in these sectors. 

A gold vault in London is key to a $62bn ETF’s success

By: Bloomberg     22nd May 2020 Gold-backed ETFs are on pace for a record haul in a year that’s seen some funds tracking oil futures founder. Investors have poured unprecedented amounts of cash into gold exchange-traded funds, with inflows totaling $16.8-billion in less than five months and set for a record year, according to... 

Gabriel South Africa Launches ‘Shocks for Life’ for Essential Service Workers

By: Creamer Media Reporter      22nd May 2020 Gabriel, the longest established shock absorber brand in South Africa, has launched an initiative for essential service workers who purchase Gabriel shocks between 25th May to 30th September 2020 and receive free replacement shocks for life. Graeme Futter, Gabriel Head of Marketing & Sales, said... 

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... 

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