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Nine recommended improvements should charter renegotiation ensue

The agreed suspension of the implementation of the controversial Mining Charter Three may present an opportunity for the parties to negotiate a revised version that reflects terms acceptable to all parties. If so, the renegotiated charter should contain at least nine improvements, say Herbert Smith Freehills lawyers Peter Leon and Patrick Leyden. Source: […]

Heriot to list on AltX

The JSE has granted real estate investment trust (Reit) Heriot a listing of all its issued ordinary shares in the diversified Reit’s sector on the AltX, effective July 24. Heriot is a newly incorporated company and has been established for the purposes of creating a listed property fund that will acquire and develop properties […]

DTI supporting black emerging filmmakers through R100m in incentives

The Department of Trade and Industry (DTI) has, through its South African Emerging Black Filmmakers Incentive, committed R100-million to supporting emerging black filmmakers by the end of March 2018.   The DTI has partnered with the Industrial Development Cooperation, the National Film and Video Foundation, the South African Broadcasting Corporation and provincial film commissions […]

Lonmin boosts turnaround on upped output, suffers fatalities

In the three months to June 30, platinum mining major Lonmin recorded lower unit costs and higher net cash on improved production and rising sales – but suffered two fatalities in a quarter when the overall injury level was on a firmly downward trajectory. On sustaining the company’s financial turnaround, CEO Ben Magara said: […]

Eskom refutes cash-crunch reports

South African power producer Eskom is not facing liquidity challenges, the utility said on Sunday, after media reports alleging it would be unable to pay salaries by November. Eskom, which produces nearly all of the electricity in Africa’s most industrialised economy and exports energy to neighbouring States such as Namibia, is backed by more […]

Platinum’s plight under Ministerial spotlight

Mineral Resources Minister Mosebenzi Zwane on Friday received a presentation from the Platinum Leadership Forum, led by CEOs of platinum mining companies operating in South Africa. According to a Department of Mineral Resources (DMR) release, the CEOs presented on the current state of the platinum sector and proposed possible solutions and areas for collaboration […]