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Portfolio Committee raises concerns about small business department

8th September 2017 The Department of Small Business Development has been chastised by the Portfolio Committee on Small Business Development for a lack of capacity and poor performance. Committee chairperson Ruth Bhengu on Friday said that the department had failed to “champion the development” of small,... 

Western Cape drought set to continue

8th September 2017 While South Africa’s north-eastern half has largely recovered from prolonged drought conditions owing to a good rainfall season, the south-western region is likely to continue experiencing severe drought conditions. With the Cape’s traditionally rainy season drawing to a close, South African... 

Eurasia signs collaboration agreement with Singapore’s GoldMint

8th September 2017 Russia-focused precious metals producer Eurasia has entered into a memorandum of understanding with Singapore-based GoldMint to collaborate on potential projects. In terms of the agreement, announced on Friday, Eurasia has the option of collaborating with GoldMint on financing all or part of... 

Ferrum Crescent raises funds for exploration in Spain

8th September 2017 Triple-listed Ferrum Crescent has raised £193 304 before expenses, which the company will use for additional exploration and evaluation activities at the Toral and Lago lead/zinc exploration projects in Spain, and for general working capital. The funds were raised through a placement of... 

Northern Mozambique Logistics Alliance Launched

7th September 2017 Subtech Mozambique, Alpha Logistics and LBH Mozambique have recently signed an MoU to enhance their suite of services in Mozambique to be able to offer a holistic logistics and services solution starting specifically with activities in and around the small but strategically located port of... 

Atalaya posts H1 profit as Spanish projects advance

7th September 2017 Mining development company Atalaya Mining has posted a net profit of €10.92-million for the six months to June 30. The Aim- and TSX-listed company, which declared commercial production at its Proyecto Riotinto mine, in Spain, in February 2016, produced 17 863 t of copper in the six months under... 

TFR sets new monthly record for coal railed to RBCT

7th September 2017 Transnet Freight Rail (TFR) has set a new record for coal railed to the Richards Bay Coal Terminal (RBCT), with 7.46-million tons transported to the export terminal in August. This compares with the previous record of 6.9-million tons. 

Clover warns of up to 67% drop in FY17 HEPS

7th September 2017 Diary products manufacturer Clover has warned that its headline earnings per share (HEPS) for the financial year ended June 30 are likely to decrease by between 65% and 67% year-on-year as a result of the prolonged drought and rand volatility that resulted in above-inflation input costs. The... 

Shanta Gold, Helio in dispute over termination of arrangement agreement

6th September 2017 TSX-V-listed Helio Resource Corp has rejected Aim-listed Shanta Gold’s termination of an arrangement agreement with Helio and says it will “vigorously” enforce its rights under the agreement. Shanta in June agreed to buy Helio in a £3.5-million all-scrip deal that would have given it control of... 

Italtile board gives go-ahead for buyout of Ceramic Industries

6th September 2017 The board of JSE-listed Italtile is satisfied that the acquisition of Ceramic Industries (CIL) and Ezee Tile Adhesive Manufacturers can proceed, notwithstanding the condition imposed by the Competition Tribunal. The tribunal in August approved the acquisition on the condition that Italtile... 

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