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SOUTH AFRICA: It’s a done deal, Sibanye tells mining communities challenging R5bn Lonmin merger

  • Date: 05-08-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Sibanye-Stillwater is opposing a Constitutional Court application launched by six mining communities to have the company’s merger with Lonmin reversed. The mining communities said they were excluded from merger talks. However, Sibanye-Stillwater said the merger is ‘practically impossible’ to reverse as it has been implemented.

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SOUTH AFRICA: Platinum 3D printing to be first project of new Platinum Valley SEZ

  • Date: 29-07-19
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

Platinum three dimensional (3D) printing will be the first project finalised at South Africa’s new Platinum Valley Special Economic Zone (SEZ) that is being launched to add value to platinum group metals (PGMs) locally.

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SOUTH AFRICA: ANC councillors gunned down in Mokopane

The victims were apparently seated in a vehicle when a gunman approached and shot at them at point-blank range.

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SOUTH AFRICA: Two more ANC leaders shot dead in Limpopo

Two ANC leaders have been shot dead in Limpopo in what is believed to be part of the continuous in-fighting which has claimed several lives of party members in the past 12 months.

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SOUTH AFRICA: Eskom rescue heightens SA’s downgrade risk

  • Date: 24-07-19
  • Category: SOUTH AFRICA
  • Source: Business Live

Finance minister Tito Mboweni says the state might have to increase borrowing to fund an extra R59bn in aid for utility

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SOUTH AFRICA: The plight of the average middle class South African

The average middle class South African has run out of runway – having already depleted savings – and is now tapping into whatever credit facilities they may have.

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SOUTH AFRICA: The ANC is coming for your pensions – Economist

  • Date: 21-07-19
  • Category: SOUTH AFRICA
  • Source: My Broadband

Well-known economist Mike Schussler has warned that the ANC wants to use your pension money to fund bankrupt state-owned enterprises like Eskom and SAA.

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SOUTH AFRICA: JSE closes flat as it struggles for direction

  • Date: 13-07-19
  • Category: SOUTH AFRICA
  • Source: Sierra Leone Times

The JSE struggled for direction on Friday eventually closing marginally weaker as it faded towards the close. Despite the majority of the local bourse's main indices trading weaker on the day, the resources index mitigated this downside as most miners rebounded following significant losses in the prior session.

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