R/€ = 16.79 Change: 0.15
R/$ = 16.27 Change: 0.32
Au 1796.43 $/oz Change: 9.67
Pt 940.50 $/oz Change: -1.50


Joint US-Norwegian jet-propelled artillery projectile successfully tested

By: Rebecca Campbell     Updated 5 hours ago Giant US aerospace and defence group Boeing and Norwegian defence and aerospace company Nammo have successfully test fired an artillery projectile powered by a ramjet. Announced on Tuesday, the test took place on June 28, at Norway’s Andøya Test Centre. A ramjet is a structurally simple form of... 

Intercape pleads for intervention as terror campaign intensifies

By: Irma Venter     8th August 2022 The Intercape long-distance coach company last week appeared before the Western Cape Standing Committee on Transport and Public Works, as well as members of the senior provincial police management, to plead for urgent interventions to stop the continuing attacks on its vehicles. In the latest... 

'Fire will be met with fire': Cops send special reinforcements to combat Krugersdorp illegal miners

By: News24Wire      8th August 2022 Police Minister Bheki Cele says reinforcements will be sent to West Village in Krugersdorp, Gauteng to help fight illegal miners accused of terrorising residents. On Sunday, Cele, Gauteng Premier David Makhura and senior police officers visited the area for a community imbizo. Residents claimed... 

Zinc climbs as Glencore says energy crunch puts smelters at risk

By: Bloomberg     5th August 2022 Zinc neared a one-month high while other metals came under pressure in London, with top producer Glencore warning that Europe’s energy crisis poses a substantial threat to supply. Glencore has already suspended production at one of its zinc smelters in Europe, leading to a sharp drop in its... 

Strategy outlines constructive value of wood

By: Cameron Mackay     5th August 2022 The University of Pretoria (UP) has played a significant part in the Department of Trade, Industry and Competition’s (DTIC’s) Promotion of Timber Construction Steering Committee, which aims to address the promotion of the forest sector’s role in the green economy, states UP senior lecturer Schalk... 

Springfield Retail Centre relaunched after arson damage

By: Darren Parker     4th August 2022 JSE-listed Emira Property Fund has relaunched its Springfield Retail Centre, in Durban, KwaZulu-Natal, after the centre was damaged by arson in the widespread looting and vandalism that took place in the province in July last year. Starting July 12 last year, looters made their way into the... 

22 online car searches every second; used car prices up 9% – AutoTrader 

By: Irma Venter     4th August 2022 At least 22 online car searches are conducted in South Africa every second, borne out by the more than 349-million online car searches made on South Africa’s largest motoring marketplace, AutoTrader, in the first half of 2022. The newly released 2022 AutoTrader Mid-Year Industry Report also shows... 

Sappi reports record third-quarter Ebitda of $371m

By: Darren Parker     4th August 2022 Pulp and paper producer Sappi has reported record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $371-million – excluding special items – for its third fiscal quarter ended June 30. The company on August 4 said this was an “excellent achievement against a backdrop of... 

Forgotten Zimbabwe city of Bulawayo gets a dam as elections loom

By: Bloomberg     4th August 2022 A $42-million dam a century in the making could end water shortages for more than half a million Zimbabweans -- and win votes for the ruling party in an opposition stronghold that may decide next year’s presidential election. The expected completion early in 2023 of the Gwayi-Shangani dam 153... 

Albemarle's lithium sales surge after supply contracts renegotiated

By: Reuters     4th August 2022 Albemarle, the world's largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices. The results reflect the rising demand for lithium... 

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