Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
Given the prospect of a new governing coalition taking the reins in 2024, they should get to work on formulating a stance
The state-owned ports operator is seeks private investment to expand Durban and Ngqura port facilities
The ruling party gathering hit by litigation and a breach of security allegedly leading to the cloning of delegates’ tags
The firm is looking to reduce volatility for investors, but adds that being listed on the JSE no longer enhances access to capital
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Group homes in on home deliveries trend and hopes to supply electricity to Eskom
GOP questions FBI’s actions after search warrant shows motive was possible Espionage Act violations
Reece James seemed to have sealed the points for the hosts with a 77th-minute goal, but the striker scored in stoppage time
Rushdie’s condition is not immediately known
JSE-listed Namibian investment holding company Trustco said on Thursday morning it had sold the 29th-largest diamond ever discovered for $16.5m.
On November 10, Trustco announed its 51%-owned subsidiary Meya Mining had discovered a 477-carat diamond in the Kono district of Sierra Leone.
Trustco said what it called the "Meya Prosperity Diamond" had been sold to an unnamed "first-tier global jewellery brand" which had agreed to pay an additional bonus to the $16.5m price if the largest polished stone cut from the rough diamond is graded "D flawless".
Trustco is heading to be the JSE’s second-best performing share for 2017 with a gain of 111%, placing it behind Kumba Iron Ore, which has risen 120%.
Besides announcing the sale of the Meya Prosperity Diamond, Trustco said in Thursday’s operating update it had recovered 3,333.23 carats from the first 5,162 tonnes of kimberlite processed from its Meya River project. This included the giant 477-carat diamond.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.