The South African government is to transfer R170-million it donated to the UN’s World Food Programme to source food aid for southern Africa into the WFP’s bank account in South Africa by March 31.
South African mine holding company Gencor and asbestos mining claimants could reach a settlement agreement by week end or at the latest the end of March, said Richard Spoor, a lawyer from legal firm Ntuli, Noble & Spoor, representing the claimants.
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/ 27 February 2003
South Africa’s Ministry of Finance is set to release the new Money Bill or mining royalty system to the public before the end of March, Finance Ministry representative Logan Wort said on Thursday.
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/ 26 February 2003
South African Finance Minister Trevor Manuel called on the maize industry to cut maize consumer prices in line with the plunge in maize futures prices quoted on the JSE Securities Exchange South Africa (JSE) during his Budget speech on Wednesday.
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/ 25 February 2003
South African Finance Minister Trevor Manuel, in his Budget Speech on Wednesday, is likely to detail the country’s soon to be introduced mining royalty system or Money Bill, which has been developed by the Treasury.
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/ 19 February 2003
The South African government and the Chamber of Mines on Tuesday released the much-awaited mining scorecard, which is a checklist of the provisions contained in the mining empowerment charter.
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/ 11 February 2003
South Africa’s Trade and Industry Minister Alec Erwin has ruled out any additional smelters at Richards Bay, however, he says there are "four or five" major industrial projects in the pipeline involving ferro-alloys, mineral processing, agro-processing as well as aluminium linked projects.
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/ 5 February 2003
Shares in South Africa’s top three gold miners, AngloGold, Gold Fields and Harmony, were up early on Wednesday in line with the spot gold price which is trading above $380 a troy ounce for the first time since November 1996.
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/ 3 February 2003
Gencor, the South African mining holding company, has set Monday, February 3 as the deadline for claimants to against the company for alleged asbestos mining-related illnesses to accept its settlement offer.
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/ 10 January 2003
SABMiller plc (SAB), through its wholly owned subsidiary Miller Brewing Company (MBCo), on Friday announced plans to close its Tumwater Brewery, in Washington State, US effective from July 1, 2003 so as to improve MBCo’s operating costs and brewing efficiency.
South African wheat imports are set to slow or even come to a halt from early April 2003 until at least early August 2003 following the acquisition by the country’s millers of between 500 000 to 600 000 tons of almost all European wheat for shipment from October 2002 to March 2003.
Anglo-Dutch group LNM Holdings NV could secure a controlling stake of more than 50,1% in South Africa’s key steel company, Iscor, as early as September 2003.