Lawyers for miners suffering from asbestos-related illnesses said on Tuesday they would seek to launch an interdict next week in a bid to prevent South African company Gencor from unwinding its main asset.
Unity seemed to be the word on everyone’s lips during this weekend’s annual conference of the National African Federated Chamber of Commerce (Nafcoc), but from behind the scenes dissenting voices could still be heard.
South African stocks started early morning trade on Wednesday on a rocky note, slipping more than 1,5%along with weaker global markets.
The Environmental Affairs and Tourism Ministry, labour and business signed an agreement on the management of plastic bags on Wednesday.
South Africans negotiating a controversial mining reform charter will have a second draft by the end of Friday, with a final deal expected by the end of the year.
Growth in South Africa’s money supply slowed in August but credit demand accelerated, data on Tuesday showed, fanning fears that interest rates would
rise for the fifth time this year to quash soaring inflation.
The director of trade and investment at the SA Chamber of Business (Sacob), James Lennox, has been appointed as the interim chief executive, the chamber said on Wednesday.
South African gold mining giant AngloGold Ltd said on Thursday it hoped to increase annual output to
6,5-million ounces over the next three to four years as expansion projects came on stream.
South Africa will release a final draft of a charter to transform the country’s white-dominated mining industry next week, a spokesman for the minerals minister said.
South African President Thabo Mbeki said on Friday the government had no plans to nationalise the country’s mine assets, while a mining boss said a final draft industry charter was ”a satisfactory compromise”.