R/€ = 15.02 Change: 0.01
R/$ = 12.31 Change: -0.03
Au 1327.27 $/oz Change: -8.12
Pt 999.00 $/oz Change: -0.97


Without rain, S Africa's Cape Town may run out of water by April

16th January 2018 South Africa's Cape Town, one of the world's iconic tourist destinations, could run out of water by April as the city's worst drought in a century risks forcing residents to join queues for emergency rations. "Day Zero" – the date taps are due to run dry – has crept forward to April 22 as city... 

Brazilian miner Vale ordered to repair environmental damage

16th January 2018 A Brazilian court on Monday ordered the world's largest iron-ore miner Vale to repair environmental damages its operations caused in land belonging to a community of descendants of escaped slaves in northern Brazil. Federal prosecutors announced the ruling in a statement that said the electricity... 

China's State-owned coal firms target 12.65Mt of capacity cuts – Xinhua

15th January 2018 China's central government-owned enterprises will target coal capacity cuts of 12.65-million tonnes in 2018, the official Xinhua news agency reported on Monday. The Xinhua report, which followed a meeting of the heads of companies controlled by China's State-owned Assets Supervision and... 

South Africa white maize futures scale 11-month peak on hot, dry conditions

15th January 2018 South African white maize futures prices hit 11-month highs on Monday as a spell of hot, dry weather raised concerns about plantings and yields over a swathe of the maize belt. Maize is South Africa's staple crop and policy makers such as the central bank, which will meet later this week on... 

Eskom's bonds face suspension from South Africa exchange

15th January 2018 South Africa's stock exchange has not received Eskom's interim results on time and if they are not submitted by Jan. 31 trading of the power utility's debt may be suspended, the Johannesburg Stock Exchange (JSE) said on Monday. Cash-strapped Eskom, the sole power supplier in Africa's most... 

Zimbabwe state diamond company to lift output 65% in 2018 – Minister

15th January 2018 Zimbabwe’s state diamond company is expected to produce at least 3 million carats this year, up 65 percent from 1.8 million in 2017, the mines minister told parliament on Monday. Winston Chitando said the Zimbabwe Consolidated Diamond Company, which was formed in 2016 when the government banned... 

US trade panel allows China aluminium sheet dumping probe to proceed

12th January 2018 The US International Trade Commission on Friday said in an initial finding that imports of aluminium alloy sheet metal from China harm US producers, allowing a US probe to proceed into whether the product was being dumped or unfairly subsidized. Employing a seldom-used tactic aimed at speeding... 

Solar steam powers homes – and new jobs – in South Africa

12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Gold set for 5th week of gains, buoyed by slump in dollar

12th January 2018 Gold prices rose for a third session on Friday to hit their highest since September, with a slump in the US dollar helping drive bullion towards its fifth-straight weekly gain. Spot gold had edged up 0.5% to $1 328.84/oz by 0703 GMT, after earlier touching its highest since Sept. 15 at $1 330.34. 

South African regulator reviewing volatile share trading

12th January 2018 A South African market regulator said on Friday it was reviewing volatile trading activity sparked by market speculation that a research group would release a negative report on a listed firm. The regulator confirmed in an emailed response to questions that it was reviewing unusual activity in... 


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