R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51

African News Agency

Southern Africa in urgent need of food production assistance

29th July 2016 Some 23-million people in southern Africa are in need of urgent support to be able to produce enough food to feed themselves and avoid being dependent on humanitarian assistance until mid-2018, the United Nations agricultural agency has warned. According to the Food and Agricultural Organisation... 

AMSA calls for more support as loss increases

29th July 2016 ArcelorMittal South Africa (AMSA) called for more state support for the steel sector as it reported a loss of R450-million for the six months to the end of June, a hefty increase on the loss of R111-million recorded for the corresponding period a year before. The company acknowledged the support... 

Pangolin Diamonds kicks off new kimberlite exploration project in Botswana

29th July 2016 Canadian gem miner Pangolin Diamonds Corporation has announced the commencement of a new drilling programme targeting five potential kimberlite mineralisation areas within the Motloutse Diamond Project in south-central Botswana. In a cautionary notice issued to shareholders on July 26, company... 

Denel wins Gupta capture court challenge

28th July 2016 Denel on Wednesday said it felt vindicated from allegations of being co-opted by the Gupta family after the North Gauteng High Court in Pretoria dismissed an urgent business rescue application made by LMT Holdings against the state-owned defence conglomerate. The application for business rescue... 

$125m capital loan to strengthen Botswana diamond cutting and polishing industry

27th July 2016 The US government has guaranteed a $125-million loan that will be used to strengthen Botswana’s localised diamond cutting and polishing industries in order to create more jobs and contribute to economic growth. In a statement released on Tuesday, US overseas development financier Overseas Private... 

A minimum wage is one thing; a living wage is another

27th July 2016 The debate around a minimum wage tends to get bogged down in headline-grabbing arguments over the gulf between executive and workers pay when a more meaningful discussion might be about another gap, that between a minimum wage and what a worker needs to earn to access a decent life. Martin... 

Opposition calls for legal opinion on further extension for SAA financials

25th July 2016 The Democratic Alliance on Monday urged Parliament’s standing committee on finance to seek legal advice on whether it is allowed to grant National Treasury a third extension in tabling South African Airways’s financial results. "It is in our contention that there is no provision made in the... 

Afreximbank and Export-Import Bank of China sign billion dollar industrialisation agreement

25th July 2016 The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China have signed a cooperation agreement to create a one billion dollar China-Africa Investment and Industrialisation Programme to facilitate the construction and creation of industrial parks and special economic zones on... 

Suspected Zama Zamas shot and arrested in Benoni

22nd July 2016 One man died and six others were wounded during a shootout between illegal miners and members of the police’s National Intervention Unit (NIU) in Benoni, east of Johannesburg, police said on Friday. Police spokesman Vishnu Naidoo said the unit, acting on information on the possible proliferation... 

Subdued diamond production hits Botswana cutting and polishing firms

22nd July 2016 The Botswana government says the value of rough diamonds supplied to local cutting and polishing firms dropped by nearly half in 2015 due to subdued local production and reduced demand in the global market. Addressing parliament on the progress of local diamond beneficiation on Thursday,... 


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