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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... 

Why battery storage is the key to unlocking the value of renewable energy in South Africa

Updated 5 hours ago By Sherwin Harris, Renewables Lead at ENGIE It is no secret that South Africa faces challenges with energy generation and capacity. There is a growing focus on investment into cleaner, less carbon-intensive energy that can be fed into the grid to boost the much-needed power supply that the... 

Worst-performing precious metal silver may have seen bottom

By: Bloomberg     9th August 2022 Silver’s been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery. The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth. But prices could turn higher from later... 

Oz Minerals looks at ISR for copper recovery

By: Esmarie Iannucci     9th August 2022 Copper miner Oz Minerals will invest A$2.5-million over the next 18 months to support in-situ recovery (ISR) technology research at the EnviroCopper (ECL) Kapunda copper/gold project, in South Australia. The funding would go towards investigating the potential economic extraction of copper... 

Copper dips but interest rate hopes support

By: Reuters     8th August 2022 Copper prices eased on Monday but were supported by rising imports of the industrial metal by top consumer China and by hopes that interest rates will peak soon after rapid increases aimed at curbing inflation. Benchmark copper CMCU3 on the London Metal Exchange (LME) traded down 0.2% at $7 850... 

The most exciting NFT Project of 2022 was born in Cape Town

8th August 2022 My African Dream (MAD) — a luxe travel company with head offices in Cape Town —  have announced a unique collection of Non-Fungible tokens (NFTs) that will unlock thousands of dollars in travel vouchers annually.  Backed by Manacor Investments, who also happen to own the leading industrial... 

CSIR researchers urge learners to consider careers in science 

8th August 2022 “Science, technology, engineering, and mathematics (STEM) inspires young people to generate new technologies and ideas that are crucial to developing sustainable solutions to real-world challenges,” said doctoral researcher Rivalani Baloyi from the Council for Scientific and Industrial Research... 

Nickel Industries secures debt for Oracle buy

By: Esmarie Iannucci     8th August 2022 ASX-listed Nickel Industries has secured $225-million in debt capital for the acquisition of the Oracle nickel project. Nickel Industries in December last year inked a definitive agreement with partner Shanghai Decent Investment to acquire a 70% equity interest in the Oracle nickel project for... 

Implats’ earnings to decline on lower sales revenue, inflationary pressures

By: Donna Slater     5th August 2022 Platinum group metals (PGMs) miner Impala Platinum (Implats) expects its basic earnings for the financial year ended June 30 to decrease by between 29% and 35% year-on-year, to between R30.5-billion and R33.5-billion, while its earnings a share for the period are expected to decrease by between... 

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... 

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