Sibanye shares are rocked by fatality

Siseko Njobeni|Published

Sibanye-stillwater fell nearly 12% on the JSE as another fatality at its SA operations kept the spotlight on the gold miner?s regressing safety record

SA Express employees will get June salaries

Siseko Njobeni|Published

SA Express employees would get their June salaries, the Department of Public Enterprises said last night.

Alexander Forbes takes steps to reverse under-performance

Siseko Njobeni|Published

Alexander Forbes said it accelerated the turnaround plan for its emerging markets business with a focus on structural cost and operational efficiency.

Vodacom is investing in its black shareholders

Siseko Njobeni|Published

Vodacom said it was planning to splurge R17. 5 billion to raise its black economic empowerment (BEE) stake.

Harmony Gold shares in big drop

Siseko Njobeni|Published

Harmony Gold shares fell more than 10% yesterday after the gold miner announced that it had raised R1. 05bn after issuing just over 55m new shares.

Transnet chief says report on locos is dubious

Siseko Njobeni|Published

Transnet chief executive Siyabonga Gama has questioned the veracity of the Werksmans report.

Mining Charter number 3 may be released on Friday

Siseko Njobeni|Published

The draft of the revised third Mining Charter could be released on Friday.

Metair eyes Slovenian battery maker

Siseko Njobeni|Published

Metair, the listed battery and automotive components maker, said its proposed acquisition of Slovenian car battery maker TAB would be value accretive.

Gold Fields decides to ditch KPMG and is looking for new auditors

Siseko Njobeni|Published

Gold Fields yesterday joined a growing list of South African companies that have cut ties with beleaguered auditing firm KPMG.

AngloGold unveils plan to retrench 2000 workers

Siseko Njobeni|Published

Gold miner AngloGold Ashanti, the world?s third-largest gold producer, yesterday announced plans to retrench 2000 workers in South Africa.

Analysts predict interest rates to be unchanged

Siseko Njobeni|Published

The SA Reserve Bank?s Monetary Policy Committee (MPC) is set to leave interest rates unchanged this afternoon.

SAA’s finances in a tailspin

Siseko Njobeni|Published

Vujani Jarana, the chief executive of cash-strapped SAA painted a bleak picture of the airline?s finances.

Clicks in ambitious growth strategy

Siseko Njobeni|Published

`The Clicks Group has said that it wanted to maintain its turnover ahead of cost increases as it rolls out an ambitious growth plan.

Treasury starts EFC bidding process

Siseko Njobeni|Published

Treasury has started a pre-qualification process for bids for Eskom's mortgage unit as part of a bigger plan to dispose of the non-core asset.

CPS hasn’t decided on renewal for Sassa

Siseko Njobeni|Published

Net1 chief executive Herman Kotze earlier this month told Business Report that CPS could participate in the new tender for cash payment services

Ratings relief shields Sasol

Siseko Njobeni|Published

Moody's decoupling enables the company to get higher credit rating than the government

Sarec unpacks Eskom IPP delay

Siseko Njobeni|Published

Large-scale deployment of renewable energy and gas could displace Eskom by 2050.

Mr Price takes on NCR in club fee fight

Siseko Njobeni|Published

The National Credit Regulator (NCR) on Thursday said it had referred listed-retailer Mr Price Group to the National Consumer Tribunal

Barclays still waits for nod from the SARB

Siseko Njobeni|Published

Barclay's application to reduce its shareholding in Barclays Africa to below 50 percent is still under consideration by the South African Reserve Bank and National ...

SARB takes a cautious stance

Siseko Njobeni|Published

Governor Lesetja Kganyago maintains a cautious stance, giving no hint of a rate cut later this year as some economists had alluded.

Inflation drop may mean cheaper interest

Siseko Njobeni|Published

Consumer price inflation for April fell within the South African Reserve Bank?s targeted 3 to 6 percent range for the first time since August last year.

Renewable programme go-ahead needs certainty

Siseko Njobeni|Published

The current review of the integrated resource plan is unlikely to result in the government?s rejection of the renewable energy programme.

‘Investors must avoid panic selling’

Siseko Njobeni|Published

In the wake of the recent downgrades of the country?s credit rating, investors should not fall into the trap of panic selling and should distinguish between the ...

Sasol concern over clean fuel specs

Siseko Njobeni|Published

The Government should immediately resolve the uncertainty around the introduction of clean fuel.

Duty to protect SA steel industry

Siseko Njobeni|Published

Trade and Industry Minister Rob Davies has signed off on a safeguard duty for hot rolled coil steel, but the measure is subject to informing the WTO.