Sasol shares jump as investors celebrate asset sale – Business Live
Shares in Sasol logged their biggest one-day gain in more than seven weeks as investors cheered news of a deal that will net the debt-laden petrochemical group R8.5bn, which might persuade the company to scrap a potentially dilutive rights issue. Written by Lisa Steyn with commentary from Abdul Davids – head of research for Kagiso […]
Gold price gets bullish – The Citizen
Last week gold futures rose above $1 800 per ounce. This is the first time they have passed that figure since 2011. The price of the precious metal is up over 17% this year in dollar terms. It is therefore not surprising that five of the six best-performing stocks on the JSE for the first […]
SA’s ferrochrome retreat points to steady erosion of competitiveness – Mining Weekly
The local chromium industry is ostensibly being cut out of global ferrochrome production, owing to its eroding competitiveness and the comparatively ‘low-hanging fruit’ of supplying chromite. While it is seemingly economically expedient at present, the continued decline in local ferrochrome production capacity is rather concerning for the mineral processing industry. Moreover, South Africa continuing, and […]
Is this rising gold price merely a self-fulfilling prophecy? – Citywire
And even if it does, does it matter? Last week gold futures rose above $1,800 per ounce. This is the first time they have passed that figure since 2011. The price of the precious metal is up over 17.0% this year in dollar terms. It is therefore not surprising that five of the six best-performing […]
