A UK High Court has ruled South African miners can sue South African holding company Gencor and private UK company Charter Plc for payment of a settlement on asbestos claims.
South Africa’s Harmony Gold Mining Co Ltd. reported on Monday earnings well below market expectations, sending shares in the country’s third-largest gold producer three percent lower.
The Central Energy Fund (CEF) may have lost up to R141-million under the stewardship of chief executive Renosi Mokate who was suspended in September.
Pushing up interest rates to achieve inflation targets does not make sense, chairman of insurance giant Sanlam Ton Vosloo said on Thursday.
The mining industry has established a development fund to provide capital to junior mining entrepreneurs to exploit opportunities across the African continent, a trustee of the fund said on Tuesday.
South Africa’s largest gold producer AngloGold said on Thursday September quarter earnings had risen as it deflected rising domestic costs and inflation through the diversity of its operations
South Africa’s third largest gold miner Harmony Gold said on Friday it would list on the New York Stock Exchange on November 27, joining fellow mining majors AngloGold and Gold Fields.
South African financial services group Old Mutual said on Monday its earnings so far in the second half of the year had been sustained at ”satisfactory” levels but were lower than in the first half.
Gold mining companies on Thursday lauded the empowerment provisions of the new mining charter while the market reacted neutrally.
ThisDay Pty Ltd, the unsuccessful buyer of CNA on Thursday expressed grave reservations over the bidding process which gave the bankrupt CNA bookstore chain to Edcon.