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 […]

Business In The News South Africa

Gigaba moves to assure local investors before leaving for US

CAPE TOWN, April 13 – Policy certainty, fiscal sustainability, inclusive growth and leadership stability remain the top priorities of Treasury, Finance Minister Malusi Gigaba told South African asset managers and investors on Thursday. Addressing them in Cape Town, Gigaba said Treasury felt it important to address their concerns ahead of next week’s International Monetary Fund […]

Business In The News South Africa

NUM welcomes sale of Anglo’s Eskom-tied coal ops to Seriti

JOHANNESBURG, April 11 – The National Union of Mineworkers (NUM) on Tuesday welcomed the sale of Anglo American plc’s Eskom-tied domestic thermal coal operations to a wholly-owned subsidiary of Seriti Resources, a company majority owned by historically disadvantaged South Africans. This comes after Anglo American announced on Monday that it had sold its Eskom-tied domestic […]