Localisation master plans will hobble economic growth – FMF
JOHANNESBURG – While increased industrialisation and manufacturing can spur economic growth and create jobs, the Free Market Foundation (FMF) maintains
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COSATU’S intended National Day of action 7 October 2021
Management may be aware, from recent media reports, that the Congress of South African Trade Unions (COSATU) is preparing for
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Afrimat benefits from favourable iron ore pricing and new projects
Afrimat has reported that its all three segments, namely Construction Materials, Industrial Minerals and Bulk Commodities experienced strong growth compared
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Minerals Council welcomes judgment on the 2018 Mining Charter
JOHANNESBURG – The Minerals Council South Africa welcomes the High Court judgement released on Tuesday that the Mining Charter 2018
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MERAFE: Ferrochrome price increases by 15.4% for last quarter 2021
SANDTON – Merafe Resources has advised that the European benchmark ferrochrome price for the fourth quarter of 2021 has been
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Karpowership gets 3 licences: Is NERSA compromised?
Even with an ongoing legal fight and environmental concerns, the National Energy Regulator of South Africa (NERSA) on Tuesday approved
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Tharisa inaugurates Climate Change and Sustainability Committee
The Tharisa board has established the Climate Change and Sustainability Committee, which will function alongside the Safety, Health and Environment
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Ramaphosa’s rule: corruption has worsened, says Afrobarometer
Cape Town – Results from the most recent Afrobarometer survey show South Africans’ trust in various institutions is at its
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BHP pays taxes to host countries, but not in South Africa
BHP is subject to the different tax regimes that apply in each of the countries and complies with applicable taxation
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Centaur Mining was another Guptas’ puppet, liquidators say
Centaur Mining SA’s bid to fend off a R400-million claim from liquidators of the controversial Trillian group of companies seems
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Manufacturing sector data reflects the impact of unrest in July
JOHANNESBURG – The Steel and Engineering Federation of Southern Africa (SEIFSA), says the manufacturing production and sales data reflects the
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SEIFSA welcomes positive trend in economic GDP growth rate for SA
JOHANNESBURG – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is encouraged by the latest real Gross Domestic Product
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Global Manufacturing: V-Shaped Recovery and Implications for the World
Global manufacturing contracted sharply in the spring of 2020. Unlike during the global financial crisis, however, the decline was short-lived,
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FMF: Commodities boom in South Africa must not be squandered
Johannesburg – While the Free Market Foundation (FMF) acknowledges the positive structural reforms currently underway by government – most notably
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Harmony Gold Mining: fatality at Mponeng mine
Johannesburg – Harmony Gold Mining Company has advised that an employee was fatally injured on Wednesday, following a seismic event
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Economic freedom leads to greater income for workers and entrepreneurs
JOHANNESBURG — Economic freedom enhances income mobility while the poor in unfree nations have fewer opportunities to escape poverty and
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Need for accelerated implementation of institutional and structural reforms
JOHANNESBURG – The Minerals Council South Africa notes the StatsSA report of record unemployment of 34.4% announced yesterday and urges
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Metals and engineering sector welcomes increase in PPI
JOHANNESBURG – The increase in producer price inflation (PPI) bodes well for producers in the Metals and Engineering (M&E) Sector
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PLATINUM DEMAND: green hydrogen has significant growth potential
Understanding the dynamics of platinum demand is essential to understanding the investment case for platinum, which is based on an
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Copper has fallen 16% from its May 2021 high
The price of copper has fallen to a worrying level. Copper prices in London dropped below $9,000 a tonne to
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Morgan Stanley sees uranium at the hottest commodity
Morgan Stanley places uranium at very top of its “Metals & Mining Commodity Thermometer” as most bullish thesis of 17
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Response to press speculation regarding BHP’s Petroleum business
BHP notes the recent press speculation regarding our Petroleum business. As previously stated, BHP regularly reviews its portfolio of assets
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SAIMM awards its prestigious prize to Sibanye-Stillwater’s Neal Froneman
Known for his skills as an ace dealmaker, mining giant Neal Froneman has been honoured with the 2021 Brigadier Stokes
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ANGLO AMERICAN: strong demand and prices recouped lost ground
Anglo American in its Summarised Interim Financial Results for the six months ended 30 June 2021 says strong market demand
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Explosion at Eskom’s new power station
JOHANNESBURG – Eskom has informed the public that Unit 4, which was on a short-term outage (since 06 August 2021) of
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Production and sales data in the manufacturing sector is encouraging
JOHANNESBURG – The improvement in Metals and Engineering (M&E) production and sales is encouraging as it indicates the economy is
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Bauba Resources appoints new directors to the board
JOHANNESBURG – The board of directors of Bauba has appointed Mr Adriaan Martinus Slabber (“Tinus”) as a non-executive director, and
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Higher commodity prices drive Glencore profits to $8.7 billion
Industrial Adjusted EBITDA of $6.6 billion (H1 2020: $2.6 billion) reflects a significantly improved Adjusted EBITDA mining margin of 38%
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Uptick in capacity utilisation in the manufacturing sector
JOHANNESBURG – The improvement in manufacturing sector capacity utilisation even as South African remains under lockdown is encouraging, the Steel and
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SA needs meaningful reform not reshuffling deckchairs
The latest buzz in structural reform-hungry South Africa is that President Ramaphosa is planning a Cabinet reshuffle. While well and
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