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Sasol: ‘Large’ BEE deal expected this year

Sasol chief executive Pat Davies says he expects the details of a "large" empowerment deal to be announced later this year. Davies first mentioned the deal in the company’s full…

De Beers to sell Cullinan, Kimberley mines

De Beers, the world’s largest producer of rough diamonds, says it will seek offers for its Cullinan diamond mine (which includes its C-Cut diamond resource) and portions of…

Manuel expected to reveal windfall-tax details

Less than a year after appointing a team to investigate the potential for windfall taxes on South Africa’s liquid-fuel industry, Finance Minister Trevor Manuel is expected to…

Kumba says empowerment one-off cost R150m

Kumba Iron Ore, recently unbundled in a restructuring of Kumba Resources, says its earnings for the two months to end-December will be impacted by a R150-million one-off cost…

Ipsa to fire up Newcastle power plant

Ipsa, the South African power developer, says it will start providing steam and power from its Newcastle gas-fired power plant from February 23, subject to the receipt of its…

More supply may mean price of oil eases

An increased supply of oil to the market is expected to lower prices in the coming year, according to Standard Chartered Bank. "We expect the market tightness to ease during…

Simmers tops the resource stocks

Simmer and Jack, the gold producer and uranium hopeful, was the top performer of the JSE’s resource stocks in 2006, as the commodities it has interests in rose and its financing…

Gold to end up for sixth year running

Although gold has struggled to recoup its momentum after soaring to a 26-year high of $730/oz in May, a medium term view shows the metal is still trading about $100/oz more than…

Mvela ends deal drought

The purchase by black-empowered Afripalm of a stake in Mvelaphanda Resources has injected new transaction clout into the company, which has been deal starved for more than two…

Diamond prices seen moving sideways or up

Lewellyn Delport, chief executive of Trans Hex, says he sees diamond prices moving either sideways or up depending on the demand over Christmas and the perception of the industry…

Growth, cost and cash management key for Sasol

With Sasol’s headline earnings figure already in the market following a trading update last week, investors will be looking at other corporate issues including growth, cost and…