Agricultural group Afgri on Monday announced that it has acquired Daybreak Farms for R110-million, subject to Competition Commission approval. The acquisition marks Afgri’s return to the broiler industry after it exited Early Bird Farm in 2004, citing shareholder agreement restrictions and conflict of interest with its partner Astral Foods.

South Africa’s Chamber of Mines on Tuesday announced that the CEO of Anglo American’s South African operations, Lazarus Zim, will succeed Kumba Resources CEO Dr Con Fauconnier as president of the chamber. Zim will be the first black South African to serve as the chamber’s president in its 115 years of existence.

The JSE was higher on Tuesday afternoon on positive global markets as well as bargain hunting in oversold sectors, especially industrials and banks, stockbrokers said. By 12.25pm, the all-share index was up 0,39%, the industrial index was up 0,31%, financials were 0,29% firmer and resources climbed 0,54%.

Spot platinum on Wednesday moved to a 25-and-a-half-year high of $944,50 a troy ounce on fund-buying of the metal. Also on Wednesday, the spot price of gold moved above $480 a troy ounce for the first time in almost 18 years on fund-buying of the metal.

The improvement in mine health and safety in the years since the advent of democracy in 1994 is welcome, but the rate of improvement regarding fatalities and injuries in the mining sector is too slow, Deputy Minister of Minerals and Energy Lulu Xingwana said in a speech on Wednesday.

The JSE was marginally higher on Tuesday on the weaker rand and the higher gold price, with the bourse in consolidation phase, equity brokers said. By 12.03pm, the all-share index had added 0,18%, industrials climbed 0,18%, financials soared 0,34% and resources were 0,8% higher.

Marketing company Proudly South African on Friday announced the appointment of Manana Moroka as its new CEO with effect from November 1. First launched in 2001, the campaign made progress by achieving a national awareness rate of 80% and is now recognised as one of the country’s top 50 brands, the company said.

World number-one diamond miner De Beers is "very close" to completing its black economic empowerment (BEE) deal at its South African diamond-mining operations, De Beers group MD Gary Ralfe said on Thursday as part of a presentation to investors.