R/€ = 14.62 Change: -0.04
R/$ = 11.85 Change: 0.00
Au 1338.19 $/oz Change: 6.20
Pt 955.00 $/oz Change: -2.57


Zambia picks Unitel unit as fourth mobile operator

20th March 2018 Zambia has selected a unit of Dutch company Unitel International Holdings as the country's fourth mobile phone service provider, the communications regulator said on Monday. The Zambia Information and Communications Technology Authority (ZICTA) said in a statement that Unitel had pledged to... 

Tanzania says AB InBev to build $100m plant

20th March 2018 AB InBev, which owns a majority stake in Tanzania Breweries Limited, the country's biggest brewer, will invest $100-million in a new beer plant in the administrative capital Dodoma, the president's office announced. President John Magufuli on Monday chaired a day-long meeting with major foreign... 

Reserve Bank expected to cut repo rate on March 28

20th March 2018 The South African Reserve Bank (SARB) will cut its repo rate by 25 basis points to 6.50% just days after Moody's is expected to give the country another chance to reform its finances, a Reuters poll found on Tuesday. Fifteen of 22 economists said the Bank would cut interest rates by 25 basis... 

US bans transactions with Venezuela's digital currency – White House

19th March 2018 US President Donald Trump on Monday signed an executive order barring any US-based financial transactions involving Venezuela's new petro cryptocurrency, as US officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country. "The... 

Zimbabwe changes empowerment law limiting majority ownership to diamond and platinum

19th March 2018 Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice. The Indigenisation and Econmic Empowerment Act was designed to increase black... 

US govt to accept metals tariffs exclusion requests from Monday

19th March 2018 The US Commerce Department said it will begin accepting requests on Monday for product exclusions from President Donald Trump's new steel and aluminum import tariffs, but it could take up to 90 days for the agency to make determinations. In a notice published on Saturday on the Federal Register... 

Tiger Brands flags loss at meat unit after listeria outbreak

19th March 2018 South Africa's Tiger Brands said on Monday it expected its meat products unit to record a monthly loss of up to R33-million ($3-million) after it suspended operations at four sites over a listeria outbreak that has killed 180 people in 14 months. Health authorities ordered a recall of processed... 

Battery makers descend on Australia, Canada cobalt developers

19th March 2018 Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up. Mine developers say interest from Japanese and Korean firms is particularly... 

Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

19th March 2018 Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in... 

New Chile govt undecided on blocking SQM sale to China firms – official

16th March 2018 Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM to a Chinese firm, a senior government official told Reuters on Friday. Chile development agency Corfo filed a complaint last week to block the sale... 


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