Business In The News

Diamondcorp appoints joint administrators

JOHANNESBURG – Diamondcorp on Wednesday appointed London-based joint administrators, Stephen Cork and Jo Milner of Cork Gully LLP. Diamondcorp said its directors would continue to work with the administrators and the joint business rescue practitioners of its operating subsidiary, Lace Diamond Mines, to preserve any remaining stakeholder value. Diamondcorp filed notice of its intention to […]

Business In The News South Africa

Private sector should take control of South African economic future: Godharn

JOHANNESBURG, May 5  – Former Finance Minister Pravin Gordhan on Friday, called on business leaders in the retail motor industry to take collective ownership of the country’s economic future while speaking at a Motor industry Staff Association event (MISA). Gordhan said the motor industry needed to educate their staff on the scourge of state capture, […]

Business In The News

Manufacturing sentiment down in April

JOHANNESBURG – Business sentiment in South Africa’s manufacturing sector slipped sharply in April, according to a key survey released on Tuesday. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) slumped last month after a solid performance during the first quarter of 2017. The index fell to 44.7 index points from an average of 51.9 during […]

Business In The News South Africa

Stillwater shareholders give nod to Sibanye takeover

JOHANNESBURG, April 26 – Sibanye Gold said on Wednesday that the requisite majority of Stillwater Mining Company shareholders have resolved to approve the $2.2 billion sale of the United State’s sole provider of platinum and palladium. The South African gold and platinum miner received the green light for the transaction following Stillwater shareholders’ meeting held […]