Latest News & Developments
gold
Hawks foils attempt by two men to smuggle R16 million in gold bars
Daniel Schubert and Adriaan du Plessis face serious charges after being arrested for allegedly transporting R16 million worth of gold bars.
Record gold prices sparkle for miners thanks to Trump tariffs, yet SA’s economy loses its Midas touch
Overnight, Gold miners, Sibanye Stillwater, AngloGold Ashanti, Gold Fields and Harmony Gold Mining Company advanced 6. 8%, 4. 1%, 3. 1% and 2. 9%, respectively, data from Anchor Capital showed.
Former Anglo American suiter, BHP, expects to benefit from Trump-induced global turmoil
BHP is set to benefit from market volatility with record copper and iron ore production, despite global tariff challenges.
Gold hits new all-time high: here's what's driving the move to 'safe haven' assets
Gold has reached an unprecedented high of $3,148 per ounce, driven by economic uncertainties and geopolitical tensions. Discover the key factors behind this surge and what it means for investors.
JSE breaks 90 000 points high buoyed by gold and improving investor sentiment
The Johannesburg Stock Exchange experiences a significant rally as investor confidence grows following the new budget and improved economic outlook.
South Africa grapples with declining mining and manufacturing outputs as economic challenges intensify
South Africa's economic challenges deepen as both mining and manufacturing sectors record significant declines in January 2025, with mining production falling 2. 7% and manufacturing dropping 3. 3% year-on-year. Infrastructure constraints and global trade tensions continue to impact the country's productive sectors.
Harmony Gold reports strong earnings as South Africa's operating environment stabilises
Harmony Gold Mining Company reports substantial financial growth with a 19% revenue increase to R35. 45 billion and 33% profit surge, despite facing production challenges. The company's strategic moves into copper production and improved operating conditions signal positive outlook, though analysts remain divided on future performance
Harmony Gold poised for strong interim earnings boost amidst soaring gold prices
Harmony Gold anticipates substantial growth in interim earnings up to 42%, driven by higher gold prices and operational excellence, despite rising production costs and increased taxation. The company's strategic investments and disciplined capital allocation have positioned it to capitalize on favourable market conditions.
Would you buy this ultra-luxurious R178,515 per litre water?
The company promises to bottle the obscenely expensive water with little processing to maintain its natural nature.