Security guards released on bail after allegedly tying up fellow guards and attempting to steal vehicles
The non-profit Mining Forum has applied for the company’s mining license to be suspended
New economic research by ETM Analytics has put South Africa in some dangerous company.
South Africans are pouring into Ghana, the world’s fastest-growing economy, with a growth rate of 14.4% last year.
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/ 27 November 2006
Barney Barnato would hardly recognise what’s left of the rapidly disappearing Johannesburg Consolidated Investments (JCI), the mining empire he formed in 1889. Barnato was long gone by the time Johnnic had shape-shifted into a mining, industrial and media empire. The dismantling of the group started in 1995 with the unbundling of the mining and industrial interests.
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/ 6 November 2006
Eric Samson is probably South Africa’s richest resident, though you don’t hear much of him. His unlisted Macsteel Holdings business empire generates revenue of nearly R70-billion a year, roughly equivalent in size to Sasol, and supplies much of the steel used in the local industry. Macsteel, one of the 10 largest companies in South Africa, is part of a probe into steel pricing by the Competition Tribunal.
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/ 20 October 2006
South Africans are about to get hit with an avalanche of pay TV options from next year — some of them delivered to your cellphone. Until now MultiChoice — which owns M-Net and DStv — has been the sole provider of subscription TV in South Africa, but that’s about to change.
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/ 29 September 2006
Royal Enfield bikes have a cult following among classic bike enthusiasts around the world, some of whom own more than 20 working models dating back to the 1930s. The bikes are now made in India where they festoon the streets and sidewalks and are the preferred mode of transport for millions of Indians.
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/ 26 September 2006
The last two weeks were the most expensive in Gold Fields’s history. It plonked deals worth about R25-billion on the table, in the process establishing itself as the world’s top gold mining group in terms of ounces in the ground. Recently, it unveiled a R4,7-billion investment aimed at deepening its flagship Driefontein and Kloof gold mines, giving it access to an additional 10,8-million ounces of gold.
There were denials all round this week that Anglo American was a potential takeover target. In a high-stakes poker game, that’s what you do: you pretend to fold before the game has really started. Anglo’s share price exploded in the past two months as rumours of a possible takeover started to circulate.