AUSTRALIAN miner Aquarius Platinum and South Africa’s Kroondal Platinum indicated they intended to merge their firms to create a company worth $304m. A joint statement said the two firms had reached a merger deal which would be financed by Aquarius offering 100 of its shares from a newly-listed subsidiary on the Johannesburg bourse for every […]
SOUTH African mining company Kroondal Platinum and Australia’s Aquarius Platinum have merged to create a precious metals giant worth 200m pounds. Aquarius and Kroondal announced plans to merge through a paper swap where 100 Aquarius shares would be offered for every 100 Kroondal shares through the Australian firm making a secondary listing on the Johannesburg […]
SOUTH Africa’s Nedcor Investment Bank (NIB) has reached an agreement in principle with Franklin Templeton to establish an asset management joint venture by merging their respective asset management activities in South Africa. NIB, a subsidiary of Nedcor Ltd, said that while the financial impact on of the proposed joint venture on its earnings and net […]
WINSPEAR Diamonds said it has agreed to waive the application of its shareholders rights plan to a hostile C$259 m all-cash offer by De Beers. This will buy it more time to court shareholders and try to find a white knight against the attempted hostile bid. Winspear’s chief financial officer, Don MacDonald, said the move […]
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In the action sequence genre, the car chase is regarded with almost the same level of esteem as John Wayne and his galloping, cross-prairie chases. It is an art-form that has unfortunately been stuck on the backburner since John Frankenheimer’s excellent chase around the hilly Nice landscape in Ronin. Until now that is, writes Nicola Davies.
The Iranian Film Festival opens in Cape Town at the Cinema Nouveau V&A Waterfront on Friday, July 28. The festival will showcase a selection of seven films and promises to be a feast for any film buff, reports Nicola Davies.
OWN CORRESPONDENT, Abuja | Tuesday 09.00am. NIGERIA is to boost its electricity supply by some 450 megawatts in a deal with one of the Italian oil and gas majors already operational in the country. In a Memorandum of Understanding between Agip and the Nigerian government, the Italian oil giant will build and operate a power […]
THE former Azanian People’s Liberation Army (Apla) commander who ordered the killing of three people in Eikenhof, Gauteng in 1993, regarded children as legitimate targets. This emerged during Apla commander Phila Dolo’s testimony during his amnesty bid at the Truth and Reconciliation Commission this week. Zandra Mitchley, 38, Shaun Nel, 14, and his friend Claire […]
INVESTIGATORS are sifting through the wreckage of the Air France Concorde to determine what started the fire that caused it to crash moments after takeoff killing 109 people on board and four on the ground. This is the first major accident since the supersonic craft was first launched 31 years ago. The French ministry of […]