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Business In The News South Africa

Chamber of Mines refutes ‘mis-invoicing’, allegedly tantamount to smuggling

CAPE TOWN – The Chamber of Mines published a second report from economic consultancy Eunomix on Tuesday, which has refuted allegations of “mis-invoicing” by South African mining companies put forward last year in an Unctad report. The Unctad report titled “Trade Mis-invoicing in Primary Commodities in Developing Countries: The cases of Chile, Cote d’Ivoire, Nigeria, […]

Business In The News

2017 the year of action for mining industry, says SA Minerals Minister Zwane

CAPE TOWN, February 6 (ANA) – South African minister of Mineral Resources, Mosebenzi Zwane, assured investors and stakeholders on Monday that the government would act on finalising outstanding mining legislation and deal with uncertainty in the mining industry. Delivering a keynote address at the opening of the “Investing in African Mining Indaba” in Cape Town, […]

Business In The News

OPEC’s Improved Forecast on Market Recovery Depends on Compliance With Oil Cap Deal – IEA

MOSCOW – The realization of the Organisation of the Petroleum Exporting Countries’ (OPEC) revised prognosis for oil market balance recovery by mid-2017 hinges on the level of adherence to the agreement on oil production curtailment between the cartel and 11 other major oil producers, the International Energy Agency’s (IEA) press office told Sputnik. On Sunday, […]