2015年9月4日 星期五

2015-09-05 South Africa Business


BDlive
   
Rand takes fresh beating, hits worst level since 2001   
BDlive
THE rand took a drubbing late on Friday following the release of the latest US jobs data. At 6.25pm the local currency was at R13.84 to the dollar — its lowest level since 2001, if one excludes the recent anomalous Asian trade over R14 to the dollar ...
Rand closing in on record weakest level   Times LIVE
Rand loses ground in line with emerging market peers   Sowetan Live (press release) (registration) (blog)

all 9 news articles »   


BDlive
   
S.Africa's Eskom backs nuclear build amid cost concerns   
Reuters Africa
CAPE TOWN, Sept 4 (Reuters) - Eskom supports South Africa's plans to build more nuclear power stations because the benefits outweigh any cost concerns, the utility's acting chief executive said on Friday. Facing electricity supply shortages, Africa's ...
Chance of power cuts next week   Independent Online
Administrators for Glencore's SA unit restart coal supply to Eskom   Times LIVE
UPDATE 2-S.Africa's Eskom backs nuclear build amid cost concerns   Reuters
Bloomberg   
Eyewitness News   
all 56 news articles »   


Times LIVE
   
R2 million 'suspected' diamond and gold haul at Beitbridge   
Times LIVE
The South African Revenue announced on Friday that “vigilant customs officials discovered rough diamonds and gold hidden in a traveller's belongings” at the Beitbridge border post this week. Save & Share. Email · Print. The find‚ said be worth more ...
Diamonds, Gold Worth R2 Million Bust At Beitbridge   AllAfrica.com
Rough diamonds, gold bust at Beitbridge   defenceWeb
Border bust nets R2m in gold, diamonds   iAfrica.com
Creamer Media's Mining Weekly   
all 12 news articles »   


Times LIVE
   
Anglo American in talks to sell South Africa platinum mines   
gulfnews.com
Johannesburg: Mining giant Anglo American has opened talks to sell platinum mines in South Africa to Sibanye Gold, the country's biggest producer of gold, as the platinum industry struggles with falling prices and industrial unrest. Prices for platinum ...
Anglo American in talks to sell platinum mines to Sibanye Gold   Times LIVE
Sibanye Gold: Long-Term Issues Remain   Seeking Alpha

all 35 news articles »   


BBC News
   
Africa this week: Five things we've learnt   
BBC News
Some of the quirkier snippets from the news in Africa that we did not know last week: 1) South Africa has 30% of Africa's millionaires. According to a report by AfrAsia Bank and New World Wealth, Johannesburg in South Africa is home to 23,400 ...
Africa is minting millionaires but the poor aren't getting any richer   Quartz
Jozi home to highest number of millionaires   Citizen
South Africa's Johannesburg tops Africa millionaires list   NewsDay
Times LIVE   
TheCable   
all 27 news articles »   


Independent Online
   
ARM earnings plunge 58%   
Independent Online
Johannesburg - South African diversified mining group African Rainbow Minerals posted a 58-percent fall in annual headline earnings on Friday, reflecting lower commodity prices which forced it to shut down several manganese alloy furnaces.
African Rainbow Minerals cuts capex, dividend   Business Recorder (press release) (blog)
African Rainbow Minerals to Cut Capex, Jobs as Profit Slumps   Bloomberg
ARM earnings take a knock   Caj News Africa
CNBCAfrica.com   
all 14 news articles »   


BizNews
   
Illicit flow of funds costing Africa R50b annually   
BizNews
Africa is home to seven of the ten fastest growing economies and is seen as the land of opportunity, the investors next stop. But it's also a land dotted with corruption, poverty and violence. The continent is also in need of infrastructure development ...

and more »   


BDlive
   
South African finance watchdog de-registers Fitch's local affiliate   
Reuters Africa
JOHANNESBURG, Sept 4 (Reuters) - South Africa's financial watchdog said on Friday it had cancelled the registration of Fitch Rating's South African affiliate following a request from the company. The Financial Services Board (FSB) said the ratings ...
UPDATE 1-South African finance watchdog de-registers Fitch's local affiliate   Reuters
Fitch to stop issuing ratings on SA   BDlive
South Africa Deregisters Fitch, Ratings Valid for 4 Months   Bloomberg
AFKInsider   
all 9 news articles »   


Independent Online
   
Mining's 10-point plan deceives   
Independent Online
Most of the points in government's deal over mining are designed to protect shareholder profits, writes Christopher Rutledge. Johannesburg - If the intention of the Mining Industry Growth and Development Task Team was to save jobs, or heaven forbid ...
Watch List - Harmony Gold Mining (HMY), Analog Devices (ADI), PNC Financial ...   Techsonian (press release)
Why you should become a gold digger   News24

all 4 news articles »   


Lusaka Times
   
China's NFC Mining shuts down some operations at Zambian copper mine: union   
Reuters Africa
LUSAKA (Reuters) - China's NFC Mining has shut down some of its operations at its Zambian copper mine due to power supply problems, a trade union said on Wednesday. "Because of reduced power supply, NFC Mining has closed some of the operations, ...

Zambia's Kwacha Falls the Most Since 2009 Amid Copper Slump   Bloomberg

all 26 news articles »   

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