Murray & Roberts lands R2.3bn mining contract with Newmont Corporation

Johannesburg – RUC Cementation Mining Contractors, a subsidiary of the Murray & Roberts (M&R) mining platform, has been awarded a R2.3 billion Newmont Corporation shaft lining and equipment contract in Australia. The contract was for Newmont’s Tanami Expansion 2 project in Australia’s Northern Territory. Newmont is the world’s largest gold producer. M&R’s share price increased […]

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German court assessing whether to convict Markus Jooste before trial

A German court is assessing whether it can convict former Steinhoff chief executive Markus Jooste before the main trial starts, according to a Fin24 report. The publications said Zwischenverfahren was a process whereby a court assessed its chances of conviction before the main trial began. During the process, the court reviewed the prosecutor’s case and […]

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DA wants Scopa to summon new SAA CEO Thomas Kgokolo

Johannesburg – The Democratic Alliance (DA) wants Parliament’s public spending watchdog to summon the new acting CEO of South African Airways (SAA). Thomas Kgokolo was appointed to the position on Wednesday night but the official opposition was not happy about the appointment. In a statement, the DA pointed out that he had no experience in […]

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Sasol to partner with Toyota SA to develop hydrogen-powered long-haul heavy-duty trucks

Johannesburg – Sasol, the integrated chemical and petrol company, has partnered with Toyota South Africa Motors (TSAM) to develop a pilot project for the development of hydrogen-powered heavy-duty long-haul trucks. The hydrogen-powered heavy-duty long-haul trucks will be part of developing a mobility corridor, which will be expanded on the N3 between Durban and Joburg, the […]

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South Africa facing a sugar shortage as local producers hit ‘slight supply dip’

Durban – Industrial buyers of refined sugar say there has been no production of the condiment in the market since the beginning of this month. The Association of Southern Africa Sugar Importers (Asasi) chairperson and Super Syrups founder Chris Engelbrecht said that Tongaat Hulett confirmed on March 26 to Super Syrups that it could draw […]

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MTN has the best mobile network in SA, finds reports

Johannesburg – MTN has the best mobile network in South Africa, this is according to the latest Q1 2021 Mobile Network Quality Report published by MyBroadband Insights. According to the report, MTN had the highest average download speed at 64.29Mbps, followed by Vodacom at 32.76Mbps, Telkom at 27.83Mbps, Cell C ON 20.82Mbps, and Rain at […]

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RMH shares rise 23% on declining a R1.13 billion special dividend

Durban – RMB Holdings (RMH) share price rose by more than 23% on the JSE on Friday morning after the investment holding company declared a special dividend of R1.13 billion out of income reserves. The special dividend of 80 cents a share comes after the group said the development of a new hub for business, […]

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Anglo American to spin off SA coal mines in June

Johannesburg – Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to investor pressure over the most-polluting fuel. Anglo has been plotting an exit from thermal coal for over a year and has constantly said separating its South African business was the […]

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Concerns over rising cost of living after power, fuel price hikes kick in

Johannesburg – With significant price increases now facing consumers, there are concerns that the cost of living will increase dramatically, making it near impossible for many to make ends meet. Fuel prices shot up at midnight, with 93 octane petrol increasing by 95 cents a litre, while 95 octane increased by R1. Diesel increased by […]

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