There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black…
M&A activity in South Africa experienced a sharp decline in 2023 and a rebound in 2024 is only plausible after the elections
The M&G takes a look back at the share price crashes, the historic leadership changes and the surprising appointments
Seventy-five workers were injured and transferred to local hospitals for treatment
Platinum mining companies forecast a deficit in demand for the metal over the next few years
Due to the move to net-zero carbon emissions, demand for these minerals is surging
The announcement comes just weeks after competitor Northam inked a deal to acquire up to 33.3% of Royal Bafokeng Platinum
The investment company has insulated its shareholders against the resource’s price swings while looking towards a more sustainable future
The platinum belt is roiling with tension once more after the assassination of Numsa organiser Malibongwe Mdazo
The miners are in a comfortable position as the world creeps towards a lower-carbon future
The agreement could lay the foundation for a showdown in the platinum sector ahead of further negotiations
‘The entire business [Impala Platinum] is at risk unless drastic action is taken,’ says an analyst
Implats will need to consult with trade unions before going ahead with the plan to cut 13 000 jobs in the next two years
The mining company announced its intention to go ahead with the mass retrenchments in its strategic review last Thursday
The miner is scaling down on loss-making operations
There would be major ramifications if the threats over the mine’s recent safety record scupper the takeover
Internal battle over control of members’ retirement savings widens rift
The strong rand and the VW scandal have hit demand, destroying jobs and, in turn, businesses
Union leader Joseph Mathunjwa’s opponents say he is a ‘vampire’ and a ‘dangerous capitalist’
Indigenisation Minister Christopher Mushohwe may not uphold the previous minister’s empowerment credits deal with Impala Platinum’s Zimbabwe unit.
