Traders are waiting for Iran’s response to a nuclear deal proposal that could raise the country’s exports
There’s no need for fancy large-scale equipment or out of town contractors
Numsa is waiting for the strike certificate to be issued and in the meantime is mobilising members for a total shut down of all smelters at Samancor
Voting for the top five positions of the provincial leadership continued late into Sunday evening
Nevertheless, the bank says it has ‘an exceptional amount of capital’ on its balance sheet to withstand a potentially tougher economic climate
An employee at the Kruger National Park opened a case at the Skukuza police station in Mpumalanga
Former CEO Mike Metz stepped down from the helm on his 65th birthday, but will stay on in an advisory capacity
The deposed leader was found guilty of four corruption charges related to a charity named after her late mother
Skipper Kolisi says they would have loved momentum ‘but we can’t let our heads drop for long’
Porsche Taycan Turbo S laps the famous German circuit in seven minutes and 33 seconds
De Beers diamond sales have defied a weak global economy and competition from lab-grown gemstones to deliver a stronger than anticipated performance so far in 2018.
Analysts say this is driven by healthy demand from China’s retail jewellery market.
The world’s largest diamond producer reported its latest rough diamond sales on Tuesday, the fifth sales cycle for the year, at a provisional $575m. This is a 6% increase from the $541m realised in the same cycle in 2017.
Diamond consultant John Bristow said that while commodities had generally taken a big knock, the diamond business has escaped these blows and “is ticking along quite solidly and with a good outlook”.
Liberum Capital analyst Ben Davis said diamond sales differed from that of other commodities and never performed as expected.
“Most people thought this would be a tough year for the industry … but somehow the midstream still managed to buy,” Davis said, referring to the part of the industry that buys rough diamonds from mine...
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