R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.01
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74


Impairments, fair value losses to push Gemfields to a loss for 2018

By: Tasneem Bulbulia     22nd March 2019 Gemfields expects to report a net loss of $60.4-million for the year ended December 31, 2018, compared with the net profit of $45.1-million reported for 2017. In rand terms, the net loss is expected to be R801-million, compared with a R600-million net profit the year before. 

Boeing reiterates its commitment to ensuring aviation safety

By: Tasneem Bulbulia     19th March 2019 In a March 19 letter addressed to airlines, passengers and the aviation community, Boeing Company chairperson and CEO Dennis Muilenburg stressed the company’s commitment to ensuring safe and reliable travel on its airplanes. “This overarching focus on safety spans and binds together our entire... 

Ethiopian crash black boxes sent to Paris as 737 MAX jets grounded globally

By: Reuters     14th March 2019 Two black boxes from the Boeing 737 MAX airplane that crashed in Ethiopia were being taken to Paris for investigation, Ethiopian Airlines said, as regulators around the world awaited word on whether it was safe to resume flying the jets. Following the lead of other global aviation regulators... 

US grounds Boeing 737s after pair of crashes, reversing course

By: Bloomberg     13th March 2019 US regulators reversed course Wednesday and announced they will ground Boeing Co.’s top-selling 737 Max family of airliners amid safety concerns after a crash Sunday in Ethiopia – five months after a similar tragedy off Indonesia. “The safety of the American people and all people is our paramount... 

Ethiopia to send Boeing black boxes abroad, Norway airline wants compensation

By: Reuters     13th March 2019 Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad, while a Norwegian airline sought compensation from the US planemaker after two thirds of that model were grounded globally. Sunday's still unexplained crash of the passenger jet, just after... 

FAA faces stunning rebuff as world races ahead to ground 737 Max

By: Bloomberg     13th March 2019 Since shortly after the dawn of the jet age, the world has followed the US’s lead on aviation safety. Now, in a remarkable rebuke, nations from the UK to Australia have rejected public reassurances from the Federal Aviation Administration and grounded Boeing’s 737 Max jet. They’ve not only told... 

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