Platinum extends rout, falls below $900 on Volkswagen scandal

Platinum extends rout, falls below $900 on Volkswagen scandal

SINGAPORE – Platinum fell below $900/oz on Tuesday for the first time since January 2009 on fears that the Volkswagen emissions scandal would reduce demand from the auto sector. Spot platinum slid to $899.80/oz, before paring some losses to trade at $902.99 by 0651 GMT. The metal, which has fallen for seven sessions out of […]

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National Braai Day

The National Braai Day initiative aims to position National Heritage Day as South Africa’s annual day of celebration. We call on all South Africans to unite around fires, share our heritage and wave our flag on 24 September every year. National Heritage Day is a public holiday in South Africa.

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Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end

Energy and chemicals group Sasol reported a 17% fall in headline earnings to R49.76/share in the year to June 30, 2015, with a strong operational performance offset by a sharp weakening in market conditions, including a year-on-year oil price decline of 33%. Outgoing President and CEO David Constable indicated that the group expected oil prices […]

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Fixing Eskom, SAA, Sapo not for votes, says Ramaphosa

Deputy President Cyril Ramaphosa said on Wednesday that his attempts to improve the efficiency of South Africa’s state-owned entities (SOEs) are not an attempt to get more votes in the 2016 Local Government Elections. He was updating the National Council of Provinces on his plans to improve the efficiency of key state-owned entities (SOEs) such […]

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