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Sunday, June 8, 2025

Royal Bafokeng has narrowed its losses

Royal Bafokeng Platinum said that it expected its loss per share in the six months June to narrow as much as 30%.

Business Report Companies
Siseko Njobeni|Published

Lily mine creditors, rescue practitioner at loggerheads

As tensions over the fate of the Lily and Barbrook mines simmer, the Barbrook Committee questioned the integrity of the business rescue practitioner.

Business Report Companies
Siseko Njobeni|Published

Stillwater finalises R6. 5 billion stream deal

Sibanye-Stillwater said that it had concluded the R6. 5 billion agreement with Canada-based company Wheaton Precious Metals International.

Business Report Companies
Siseko Njobeni|Published

Eskom scraps solar power plant in Northern Cape

Eskom has finally canned the 100MW concentrating solar power plant near Upington in the Northern Cape.

Business Report Energy
Siseko Njobeni|Published

Amplats to concentrate on existing assets

Following the acquisition of Glencore?s stake in the Mototolo platinum mine, Amplats will now prioritise investing in its existing assets.

Business Report Companies
Siseko Njobeni|Published

How Eskom ended up with a R2. 3 billion net loss

Eskom buckled under a barrage of serious strategic blunders, which include mismanagement and allegations of corruption.

Business Report Companies
Siseko Njobeni|Published

Suzanne Daniels found guilty of serious misconduct

Eskom said that it has dismissed the head of legal and compliance, Suzanne Daniels, after a disciplinary hearing found her guilty of serious misconduct.

Business Report Energy
Siseko Njobeni|Published

NDB to finance projects for $1bn

Bank 'can do more' in SA

Business Report BRICS
Siseko Njobeni|Published

De Beers buys Canadian company for R1bn

Anglo American yesterday said that its subsidiary De Beers had bought a Canadian company for about R1. 07billion.

Business Report Companies
Siseko Njobeni|Published

Kumba expects drop in headline earnings

Iron-ore producer Kumba said yesterday it expected its headline earnings to fall between 34 and 37percent for the half year to end June.

Business Report Companies
Siseko Njobeni|Published

Reserve Bank slashes growth outlook by 0. 5%

The South African Reserve Bank (Sarb) said yesterday that it had slashed South Africa?s gross domestic product growth outlook for this year by 0. 5%.

Business Report Economy
Siseko Njobeni|Published

May sales have increased, but analysts are concerned

While May trade sales, released yesterday, increased by 1. 9 percent year on year, economists were cautious.

Business Report Economy
Siseko Njobeni|Published

Inflation up but rate hike unlikely

South Africa's consumer inflation accelerated slightly in June as the weaker rand continued to exert upward pressure on fuel prices.

Business Report Economy
Siseko Njobeni|Published

SA can’t afford to disregard coal as source of power yet

South Africa could not afford to disregard coal, despite stiff opposition that power from new coal projects would be dirty and expensive.

Business Report Energy
Siseko Njobeni|Published

Sibanye sells R6. 5bn of gold production

Sibanye-Stillwater said it secured a R6. 5bn upfront cash payment from Canada-based metals streaming company, Wheaton Precious Metals International.

Business Report Companies
Siseko Njobeni|Published

Bill may discourage investors - law firm

The new competition Amendment Bill is likely to create significant uncertainty and discourage foreign direct investment.

Business Report Economy
Siseko Njobeni|Published

Airline set to be airborne again

Minister Pravin Gordhan said that the board of SA Express was mulling a business plan that could see the carrier put its troubles behind it.

Business Report Companies
Siseko Njobeni|Published

Eskom and union talks at delicate juncture

Eskom and trade unions Numsa, NUM and Solidarity were mum about what the unions want to discuss with Public Enterprises Minister Pravin Gordhan.

Business Report Energy
Siseko Njobeni|Published

Gold producers to face unions in pay negotiations

Gold producers will today square off with unions as gold sector wage negotiations start in Boksburg.

Business Report Companies
Siseko Njobeni|Published

Union gets undertaking of SAA partnership plan with SA Express

Trade union Solidarity claimed victory after it allegedly got a written undertaking from SAA, that the airline was seeking a strategic partner.

Business Report Companies
Siseko Njobeni|Published

McKinsey & Company not off the hook

McKinsey & Company?s grovelling and repayment to Eskom does not take away suspicions that the contract was mired in criminality.

Business Report Companies
Siseko Njobeni|Published

Tharisa on track to meet PGM guidance

Tharisa said it was on track to achieve its 2018 production guidance of 150 000 ounces of platinum group metals and 1. 5m tons of chrome.

Business Report Companies
Siseko Njobeni|Published

McKinsey renders profuse apology over Eskom debacle

In a move to mend fences McKinsey & Company's new global managing partner Kevin Sneader opened up about the consulting firm's mistakes and apologised.

Business Report Companies
Siseko Njobeni|Published

Eskom in move to come clean with its recent past

Eskom primed its bondholders for further revelations of tender-related graft when the power utility releases its financial results for the year.

Business Report Energy
Siseko Njobeni|Published

SA ‘can do little about high fuel price’

The government is considering including fuel price concerns in the package of measures meant to alleviate the impact of the increase in Value Added Tax

Business Report Economy
Siseko Njobeni|Published