Latest News & Developments
Northam Platinum plunged 8. 1% in opening trade on the JSE yesterday as investors responded negatively to the company’s R800 million loss on its disposal of Impala Platinum shares, following the world number two PGM miner’s mandatory offer to Royal Bafokeng Platinum shareholders.
Anglo American Platinum (Amplats) is restructuring its operations which could result in the loss of 3 700 jobs and closure of the Mortimer smelter.
The three suspects were arrested after routine patrols uncovered the chrome they were transporting.
We found a scrap metal collector dismantling a car with a hammer and chisel to get metal to sell for cash, and he agreed to speak to IOL.
“I’m going to have to let one of the guys go now and maybe in a month or two I will have to let another guy go,” said entrepreneur Riaan van den Berg.
About 300 000 people, whose primary income is derived from the collection of scrap metal, will feel the brunt of the ban.
OPINION: The crime of cable theft is not occurring in a vacuum; there are reasons many are committing these crimes, writes Zelna Jansen.