R/€ = 16.49 Change: 0.18
R/$ = 13.99 Change: 0.17
Au 1294.20 $/oz Change: 4.20
Pt 953.50 $/oz Change: 5.50


Gold Fields restarts shut shaft, full ouput Monday

2nd November 2007 Gold Fields, the world's fourth ranking gold producer, had restarted operations at the shut No. 4 shaft at Kloof, its second-biggest mine, on Friday morning and would ramp-up to full output by Monday. 

Mozambique plans to double mining investment by 2012

15th October 2007 Mozambique wants to double new mining investments in the next five years and boost economic growth by fast-tracking mining licenses, National Mining Director Fatima Momade said.  

Oil holds above $81 on winter stocks worries

5th October 2007 Oil held above $81 a barrel on Friday, clinging to its first gains in five days after data showing unexpectedly low distillate and natural gas stocks in the United States stirred concern about peak winter supplies. 

Gold falls 2,7% on dollar rise, profit-taking

2nd October 2007 Gold fell 2,7% on Tuesday as a rising dollar prompted investors to take profits from the metal's 28-year highs, but analysts said the upward trend remained intact. 

Sept vehicle sales fall 12,9%, eye rates

2nd October 2007 South African new vehicle sales tumbled 12,9% year-on-year in September, data showed on Tuesday, knocked by easing demand on higher interest rates and an industry strike during the month. Vehicle sales have now declined for six months in a row, in one of the most visible reactions to 300 basis... 

SA sees capital boost for Cape Town port

19th September 2007 South African state-owned logistics group Transnet plans to spend R4,2-billion to upgrade infrastructure at Cape Town's port, a senior Transnet official said on Wednesday. 

Sea Kay expects earnings to be 25% - 35% above forecasts

14th September 2007 Mass-housing firm Sea Kay expects headline earnings to increase by between 25% and 35%, compared with the forecasts published in the firm’s prelisting statement, dated August 8. 

Poor countries should shield against US recession - UN

6th September 2007 China, India and other developing countries need to take steps to protect themselves against a possible recession in the United States by lifting domestic demand, a United Nations agency report said on Wednesday. UNCTAD, the U.N. Conference on Trade and Development, said that world economic... 

Rand slips on risk jitters, bonds weaker

5th September 2007 South Africa's rand slipped early on Wednesday, giving back gains notched up late on Tuesday, but dealers said it should should settle, supported by a firm gold price and strong US stocks. 

Abil makes $1,46bn offer for Ellerines

5th September 2007 South Africa's biggest mass-market lender African Bank Investments Limited (Abil) has made an offer to buy furniture retailer Ellerines in a R10,6 -billion all-share deal, the groups said on Wednesday. 


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