South Africa’s government says it’s not fixated on austerity. But analysts are unconvinced
South Africa’s Finance Minister Tito Mboweni has insisted that “austerity” was not on the government’s agenda. South Africa’s fiscal position...
South Africa
Ramaphosa Eyes R200b Economic Revival Plan
PRESIDENT Cyril Ramaphosa says the measures the government is putting in place to revive the economy are expected to return...
Bushveld closes $35m convertible loan note with Orion Mine Finance
Aim-listed vanadium producer Bushveld Minerals has successfully concluded a $35-million convertible loan note instrument with Orion Mine Finance. Bushveld CEO Fortune...
Foreign investors shun South African gold stocks on virus fears
Not even a record rally can entice foreign investors to South African gold stocks. With gold prices soaring on the...
Decline in business debt confirms deepening recession
Experian South Africa’s quarterly Business Debt Index (BDI) for quarter one (Q1) 2020 worsened sharply in to -0.710, from -0.499...
Petra’s Tough Sales Pitch
The current plight of Petra Diamonds is a frustrating example of the impact Covid-19 has had on the diamond industry,...
South African Mines Minister Mr Gwede Mantashe & Wife Test COVID19 Positive
South African mines minister Mr Gwede Mantashe and his wife Nolwandle Mantashe have tested positive for COVID-19. The couple is...
AngloGold Ashanti more than doubles cash flow
AngloGold Ashanti has more than doubled its free cash flow during the quarter, bringing its total to $87 million The...
Sibanye secures new R5bn loan facility
NYSE- and JSE-listed Sibanye-Stillwater has successfully refinanced its R6-billion revolving credit facility (RCF) that would have matured on November 15....
Royal Bafokeng Platinum secures R2.1bn in cash-streaming agreement
Royal Bafokeng Platinum (RBPlat) has struck a R2.1bn deal to deliver gold to mining financier Triple Flag, the proceeds of...
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