R/€ = 16.26 Change: 0.35
R/$ = 14.53 Change: 0.28
Au 1346.50 $/oz Change: 10.98
Pt 803.77 $/oz Change: 4.73


How A Pair Of Stained Takkies Led A Young SA Entrepreneur To His Calling

18th June 2019 A pair of prized All Star takkies ruined by old engine oil was how Moses Mokgosi’s passion for the proper disposal of used lubricant oil started. Moses was only 14 when he became aware of the problem of used oil not being disposed of correctly. He was visiting a friend when he accidentally soaked... 

Indian Ocean Rim economies urged to increase trade with each other

By: Shirley le Guern     18th June 2019 It is time to re-energise the Indian Ocean Rim Association (Iora), created by Nelson Mandela in 1997, and transform it into an active body that unlocks tangible business opportunities and helps negotiate the removal of disruptive nontariff barriers between the 22 member States. This was the... 

Cosatu argues for worker representation on PIC board

By: News24Wire      18th June 2019 South Africa's largest trade union federation the congress of South African Trade Unions has argued for worker representation on the board of State-run asset manager the Public Investment Corporation, saying this would help keep looting in check and increase workers' trust. Matthew Parks, the... 

South Africa not the gateway to Africa, warns research house 

By: Irma Venter     18th June 2019 South Africa is not, as is so often punted, the gateway to Africa, says Africa House director Duncan Bonnett – this is a mere “influence illusion”. The country is more a gateway to Southern African, and not even all of that. 

Swiss refiner Metalor to stop processing artisanal gold

By: Reuters     18th June 2019 Switzerland's Metalor, one of the world's biggest gold refineries, said on Monday it would work only with gold from large industrial mines in order to reduce the risk of illegality in its supply chain. Informal methods of gold production, known as "artisanal" or small-scale mining, have grown... 

Australian rare earth miners push development deals to counter China grip

By: Reuters     17th June 2019 Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech industries. Australia contains only 2.8% of the world's rare earth... 

Innovative strategies boost platinum jewellery margin – PGI

By: Nadine James     14th June 2019 Platinum jewellery industries across key markets are becoming increasingly innovative to improve margins, Platinum Guild International’s (PGI’s) first quarter 2019 ‘Platinum Jewellery Business Review (PJBR)’ states. The PJBR, published on Friday, notes that India continues to be the fastest... 

Blue Sky sees first-mover advantage in Argentina uranium, vanadium market

By: Nadine James     14th June 2019 TSX-listed Blue Sky Uranium CEO Niko Cacos tells Mining Weekly Online the uranium market is in the early stages of a longer-term rising price trend. Blue Sky, which owns the Amarillo Grande uranium/vanadium project (AGP), in Rio Negro, Argentina, expects to take advantage as uranium prices... 

Good news for SA motorists! Huge 91c fuel price drop – AA

By: News24Wire      14th June 2019 Retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019.  This is according to the Automobile Association which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. At this stage of the month,... 

Gold busts above $1 350 as Iran tension, fed outlook spur demand 

By: Bloomberg     14th June 2019 Gold smashed above $1 350/oz to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next week’s Federal Reserve meeting, when policy makers may move closer to cutting rates. Bullion for immediate delivery rose as much as 1.2% to $1 358.26/oz. Prices are set for a fourth... 

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