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ESKOM: Fixing Eskom will result in higher taxes, electricity prices – economist

  • Date: 17-07-19
  • Category: ESKOM
  • Source: Mining Weekly

There is little doubt that the taxpayer will be left footing the bill for the problems experienced at power supplier Eskom, and probably so through higher electricity prices and increased taxes.

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TRANSACTION: Minerals dept issues Section 11 approval for BRPM stake transfer

  • Date: 17-07-19
  • Category: TRANSACTION
  • Source: Mining Weekly

The Department of Mineral Resources has granted a Section 11 approval for the transfer of Rustenburg Platinum Mine’s (RPM’s) 33% undivided interest in the mining rights attributable to the Bafokeng Rasimone Platinum Mine (BRPM) joint venture to Royal Bafokeng Platinum (RBPlat).

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PGM PRODUCERS: Implats flags dividend resumption after early settlement of $250m convertible bond

IMPALA Platinum (Implats) has taken the gap provided by improved platinum group metal (PGM) pricing to close early some $250m in convertible bonds in a development that helps significantly improve the look of the firm’s balance sheet.

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RAND: South Africa's rand softer ahead of rate decision, stocks slide

  • Date: 17-07-19
  • Category: RAND
  • Source: Nasdaq

JOHANNESBURG, July 17 - South Africa's rand edged lower on Wednesday in cautious trade ahead of an interest rate decision that is set to test the currency's recent rally and its ability to draw yield-seeking investors.

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PGM PRODUCERS: Anglo American Platinum updated trading statement for the six months ended 30 June 2019

  • Date: 16-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum will release results for the six months ended 30 June 2019 (“the period”) on the Johannesburg Stock Exchange News Service (“SENS”) on 22 July 2019.

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AUTO SALES: Does China’s 12 Month Losing Streak in Auto Sales Signal End of the Road for High Growth in World’s Largest Auto Market?

  • Date: 16-07-19
  • Category: AUTO SALES
  • Source: IHS Markit

WASHINGTON--(BUSINESS WIRE)--China’s light vehicle (LV) sales fell nearly 10 percent in June 2019 from prior year—the 12th consecutive month sales declined—casting new doubts on what has been the world’s biggest growth engine for auto sales, a recent analysis by business information provider IHS Markit (NYSE: INFO) says.

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PGM PRODUCERS: Amplats to take interim earnings up as much 128% on improved PGM prices

THE improvement in the rand basket price of platinum group metals (PGM) would help propel Anglo American Platinum (Amplats) to interim headline earnings of R7bn to R7.7bn – an increase as high as 128% year-on-year.

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MACROECONOMICS: Japan's Looming Sales Tax Hike Prompts Less Rush Demand So Far

Japan’s economy is less likely to suffer a painful whiplash from a sales tax increase scheduled for October, early sales figures for autos and apartments suggest.

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