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Business confidence improves on 2020 benchmark, says Sacci

By: Donna Slater     Updated 4 hours ago The South African Chamber of Commerce and Industry (Sacci) reports that its Business Confidence Index (BCI) for July, at 110.3, was 1.8 index points higher than in June and 6.1 points higher than in May. Sacci had adjusted the reference point, or base year, of its BCI to 2020 and the benchmark... 

Former Transnet executives’ properties, pension benefits frozen with SIU order

By: Donna Slater     Updated 4 hours ago The Special Investigating Unit (SIU) and Transnet have obtained a preservation order from the Special Tribunal to freeze five luxury properties, and pension benefits valued at about R1.8-million, linked to former Transnet executives and their spouses, pending the final determination of civil... 

Wesgro’s Cape Town & Western Cape Convention Bureau secures 11 bids

By: Irma Venter     Updated 4 hours ago Wesgro’s Cape Town & Western Cape Convention Bureau has secured 11 bids in quarter one of the 2022/23 financial year. It is estimated that the conferences and conventions to be hosted in the province will contribute almost R100-million to the business events value-chain over the next five years. 

Jubilee’s Inyoni delivers higher PGMs output, lower costs

By: Marleny Arnoldi     Updated 5 hours ago As diversified metals miner and processor Jubilee Metals works to expand its platinum group metals (PGMs), copper and cobalt operational footprint, the company has reported a sharp increase in PGM production to 21 140 oz for the six months ended June 30 – the first half of the company’s 2023... 

Endeavour Silver outperforms mine plans

By: Mariaan Webb     Updated 5 hours ago Dual-listed Endeavour Silver has raised its 2022 guidance, as the miner continues to outperform its mine plans, delivering an “exceptional” second-quarter production performance that was 15% above plan. The company increased its production outlook to between 7.6-million and 8-million... 

Royal Bafokeng looking to R1.6bn off-balance-sheet spend on 98 MW solar plant  

By: Martin Creamer     Updated 5 hours ago Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) is looking to off-balance-sheet capital expenditure of R1.6-billion for a 98 MW solar power plant. The photovoltaic (PV) plant will further buffer RBPlat and the region from load-shedding into the future should it prove... 

Bidding war for Canadian uranium explorer UEX hots up

By: Mariaan Webb     Updated 6 hours ago The bidding war for that has erupted for Canadian uranium exploration junior UEX is heating up, with Denison Mines improving its offer, leaving fellow-suitor Uranium Energy Company (UEC) disappointed with UEX delaying its shareholder vote. UEX shareholders would have voted on UEC’s bid on... 

South Africa-connected Irish aviation group takes full control of Belgian MRO company

By: Rebecca Campbell     Updated 6 hours ago Ireland-based aviation services company ASL Aviation Holdings (ASL) has announced that it had taken full ownership of Belgium-based aircraft maintenance, repair and overhaul (MRO) company X-Air Services (X-Air). Among its range of subsidiary companies based in Europe, Africa and Asia, ASL was the... 

BHP likely to raise bid for 'strategically sensible target' OZ - analysts

By: Reuters     9th August 2022 BHP will likely raise its A$8.34-billion ($5.82-billion) offer to buy Australia's OZ Minerals, analysts said after the global miner was rebuffed in its pursuit of the nickel-copper miner on Monday. OZ rejected BHP's A$25-a-share offer, terming it undervalued and "opportunistic" as it was tabled... 

OneLogix warns of up to 80% y/y decrease in earnings a share

By: Darren Parker     8th August 2022 JSE-listed logistics company OneLogix has advised its shareholders to expect a drop of between 60% and 80% year-on-year in earnings a share to between 2.5c and 5c for the financial year ended May 31. Similarly, headline earnings per share (HEPS) are also expected to decrease by between 55% and... 

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