Nasdaq and S&P 500 see the biggest single-day gain in two weeks
Choice is between democratic openness and parasitical elites having their way
Ramaphosa gave the Special Investigating Unit the green light to investigate allegations against the two boards earlier in August
The party has decided there should not be a cooling-off period as provided for in the Electoral Amendment Bill
Evraz is under sanctions by the UK and EU after Russia’s invasion of Ukraine
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Emergence from EU’s enhanced surveillance framework will allow the country greater freedom in making economic policy
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
Now more than ever, there are tangible reasons to believe that Africa’s time is now as major firms invest in African brands, from music and art to fashion
SA’s platinum sector is fast approaching the point where companies have little choice but to close or consolidate mines to cope with prices mired at levels of a decade ago despite costs rising annually, leaving more than half the industry unprofitable, senior industry figures say.
The estimates of the number of mines in trouble vary from 50% to 60%, but either way the industry, which supplies 80% of the world’s primary platinum, or mined production, is in serious trouble.
"It’s an industry in distress, deep distress," says Northam Platinum CEO Paul Dunne, adding options for platinum mining companies after years of low and stagnant prices had effectively narrowed to either close or consolidate."The ability to transact will become a very important characteristic of a successful company … we are at a time where companies will need to deal to survive," Dunne says.
"We are in the throes of a correction that is not immediately visible to the market, which is looking for step changes, beca...
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.