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


Parliament to review rules on removing President

8th January 2018 South Africa’s parliament said on Sunday it would review its rules relating to removing the country's president, after the constitutional court ruled on December 29 that lawmakers had previously failed to hold President Jacob Zuma to account. A parliamentary subcommittee will meet this week to... 

Australia forecasts 20% iron-ore price drop in 2018 as China demand eases

8th January 2018 Australia on Monday said it expects iron ore prices to average $51.50/t this year, down 20% from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks. The government projection is out of step with some private forecasts, with UBS and... 

Lily Mine approaches IDC for loan to help retrieve remains of three workers

5th January 2018 Lily Gold Mine has approached the Independent Development Corporation (IDC) for a loan as part of efforts to raise funds to resume the mission to retrieve the remains of three workers who were trapped underground in Barberton ,in Mpumalanga, in February 2016, the company said on Thursday. The... 

China aims to supersize coal sector through mergers

5th January 2018 China said on Friday it plans to create several "super-large" coal mining companies by the end of 2020 as the world's biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The country's National Development & Reform Commission... 

UAE to resume flights to Tunis, ending row over ban on women

5th January 2018 The United Arab Emirates said on Thursday it would resume flights to Tunisia after an exchange of security information, resolving a row over a ban on female Tunisian passengers. A statement by the foreign ministry on state news agency WAM said the decision was taken in light of extensive... 

Steinhoff CFO steps down as crisis-hit retailer shuffles top team

5th January 2018 Steinhoff's finance chief stepped down from the role on Thursday to focus on helping the South African retailer plug a €2.4-billion euro ($2.9-billion) hole in its finances after an accounting scandal. The owner of more than 40 multinational retail brands including Conforama, Mattress Firm and... 

Indian shares scale new highs on global cues

5th January 2018 Indian shares scaled new peaks on Friday, tracking global equity markets on the back of robust economic data.Asian shares inched closer to a record high after a report released on Thursday showed US private employers added higher-than-expected 250 000 jobs in December. The Dow Jones Industrial... 

UK new car sales record biggest drop since 2009

5th January 2018 British new car sales recorded their biggest drop since 2009 last year, falling by more than 5% due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit, an industry body said on Friday. Registrations ended 2017 at around 2.54-million vehicles,... 

Commodities forge record-setting rally as BP to miners surge

4th January 2018 Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials. The Bloomberg Commodity Index,... 

South Africa's private-sector activity slows to 20-month low in December

4th January 2018 South African private-sector economic activity contracted for a fifth consecutive month in December as factory output and new orders fell, a survey showed on Thursday. The Standard Bank Purchasing Managers' Index (PMI), compiled by IHS Markit, fell to 48.4 in December from 48.8 in November,... 


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