by sundelbolong | Jun 4, 2020 | Business & Finance News
Zimbabwean banks – which include units of Nedbank, Standard Bank and Standard Chartered – are in the line of fire after President Emerson Mnangagwa accused finance institutions of “stashing” foreign currency for speculative street currency dealings,...
by sundelbolong | Jun 4, 2020 | Business & Finance News
The proposed sale of Tongaat’s starch business to an entity owned by Barloworld appears to be on the line as the companies tussle over the conditions of the sale. Statements issued by both companies on Thursday afternoon indicate that the parties hold different...
by sundelbolong | Jun 4, 2020 | Business & Finance News
Anglo American says the country’s coal exporting capacity may have reached its peak with the Witbank coal belt in Mpumalanga reaching its maturity. “The future of our coal in SA is in the Lephalale-Waterberg basin (Limpopo),” July Ndlovu, Anglo...
by sundelbolong | Jun 4, 2020 | Business & Finance News
London, June 4, 2020 – A rally in global stock markets petered out Thursday, while oil prices fell, with investors cautious as they waited for a key European Central Bank meeting. “After enjoying a very bullish session yesterday, it seems that traders are...
by sundelbolong | Jun 4, 2020 | Business & Finance News
Anglo American-owned diamond miner De Beers is confident of a rebound in diamond demand as markets across the world begin to reopen after lockdown period triggered by the Covid-19 pandemic. “The diamond industry is a highly resilient industry, it’s gone through...
