January 1, 1970

African Rainbow Minerals to cut jobs as profits halve

Diversified mining group African Rainbow Minerals says its profit has halved due to sharply softer commodity prices, prompting layoffs and cost cuts to stay afloat. Source: […]
January 1, 1970

Sibanye wage offer: Rival unions protecting capitalists, says Amcu

Amcu president Joseph Mathunjwa has defended his union’s success at getting Sibanye Gold to present a new wage offer, despite criticism from other unions. Source: News
January 1, 1970

As Diamond preps bid, SA warns on 'play' for its banks

The South African Reserve Bank isn’t comfortable with private equity companies owning stakes in the country’s lenders, Deputy Governor Kuben Naidoo says. Source: News
January 1, 1970

De Beers sells R9.87bn of diamonds at auction

De Beers has completed a fourth offering of rough diamonds this year, signaling a stronger-than-expected demand during what is usually a weaker quarter. Source: News