The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.
The platinum mining giant was able to fulfill its contracts despite a devastating five-month long strike which wiped out its profits.
Attitudes of platinum producers and the majority union continue to harden as the strike enters it 6th week.
South Africa’s biggest fund manager is "in the money already" when it comes to returns on its multibillion-rand investment in Camac Energy.
At least 70 000 Amcu members plan to down tools at the country’s biggest platinum mines on Thursday.
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
The company has issued a letter warning workers and the union it may have to cut jobs as it continues to lose millions to industrial action each day.
The recently negotiated 8% pay increase for gold miners will be a hollow victory for those who stand to lose their jobs.
Workers from the automotive industry will meet to discuss revising pay demands as the strike involving 30 000 people enters its 11th day.
The state-owned oil company remains tight-lipped over the matter, but confirmed it has engaged in negotiations with various potential partners.