M&A activity in South Africa experienced a sharp decline in 2023 and a rebound in 2024 is only plausible after the elections
The M&G takes a look back at the share price crashes, the historic leadership changes and the surprising appointments
Seventy-five workers were injured and transferred to local hospitals for treatment
Platinum mining companies forecast a deficit in demand for the metal over the next few years
Due to the move to net-zero carbon emissions, demand for these minerals is surging
The announcement comes just weeks after competitor Northam inked a deal to acquire up to 33.3% of Royal Bafokeng Platinum
The investment company has insulated its shareholders against the resource’s price swings while looking towards a more sustainable future
The platinum belt is roiling with tension once more after the assassination of Numsa organiser Malibongwe Mdazo
The miners are in a comfortable position as the world creeps towards a lower-carbon future
The agreement could lay the foundation for a showdown in the platinum sector ahead of further negotiations
‘The entire business [Impala Platinum] is at risk unless drastic action is taken,’ says an analyst
Implats will need to consult with trade unions before going ahead with the plan to cut 13 000 jobs in the next two years
The mining company announced its intention to go ahead with the mass retrenchments in its strategic review last Thursday
The miner is scaling down on loss-making operations
There would be major ramifications if the threats over the mine’s recent safety record scupper the takeover
Internal battle over control of members’ retirement savings widens rift
The strong rand and the VW scandal have hit demand, destroying jobs and, in turn, businesses
Union leader Joseph Mathunjwa’s opponents say he is a ‘vampire’ and a ‘dangerous capitalist’
Indigenisation Minister Christopher Mushohwe may not uphold the previous minister’s empowerment credits deal with Impala Platinum’s Zimbabwe unit.
As Anglo disposes of its Rustenberg mines, other companies are betting that the troubled metal will yield dividends further down the line.
Despite tough times of late for South Africa’s platinum sector the Public Investment Corporation is betting on the precious metals’ comeback.
The platinum mining giant was able to fulfill its contracts despite a devastating five-month long strike which wiped out its profits.
Following wage negotiations in the platinum sector, which ended in June, the trade federation says NUM members are being denied access to Impala.
Ahead of the release of its full earning report, Anglo American Platinum said it expects it finances were adversely affected by industrial action.
Pay cheques are in but many business owners will struggle to recover from the five-month platinum mine wage dispute.
Miners returning to work received food parcels, health supplements and transport relief, but will have to undergo medicals and retraining.
While Amcu workers prepare to return to work on Wednesday after a successful strike, mine bosses have warned of a difficult rebuilding phase ahead.
The Amcu leader’s speech to members at the end of the historic strike became an exercise in obfuscation, omission and, at times, pure fabrication.
Gold producer Sibanye is considering buying embattled platinum mines which have been crippled by a five-month labour dispute.
The trade union says Amcu’s latest counter proposal on behalf of mineworkers borders on negotiating in bad faith and "defeating the ends of justice".
Amcu says it has accepted a new wage offer from platinum miners, but outstanding issues still need to be discussed with the employers.
Striking miners are getting state help – but only if they are early, and South African.