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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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ACQUISITIONS: Community wants ConCourt to declare R5bn Lonmin deal illegal

  • Date: 21-07-19
  • Category: ACQUISITIONS
  • Source: Business Maverick

Six North West mining communities have launched an application at the Constitutional Court to appeal against a Competition Appeal Court judgment that paved the way for the more than R5-billion merger between Sibanye and Lonmin to be approved. They want both companies to restart merger talks, this time involving Rustenburg mining communities.

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ZIMBABWE: A power outage and mobile money blackout expose the vulnerability of Zimbabwe’s economy

  • Date: 21-07-19
  • Category: ZIMBABWE
  • Source: Quartz Africa

On Saturday morning (Jul. 20) local time Zimbabweans experienced a system blackout on Econet Wireless, the country’s biggest telecoms operator after a significant power outage.

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AUTO SALES: GM's Biggest Chinese Partner Braces For First Annual Sales Drop

  • Date: 19-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.

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RHODIUM: Desperate to cut emissions, auto makers drive rhodium to 11-year high

  • Date: 19-07-19
  • Category: RHODIUM
  • Source: Reuters

LONDON (Reuters) - The price of rhodium, a precious metal used to curb harmful emissions from vehicle engines, has rocketed to its highest since 2008 as tightening environmental regulation compels auto makers to buy more just as supply looks set to stagnate.

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ELECTRIC VEHICLES: Toyota’s $2 Billion Pledge Revs Up Indonesia’s Electric Car Push

Toyota Motor Corp. will lead 50 trillion rupiah ($3.6 billion) in investments that global carmakers have pledged to plow into Indonesia’s electric-vehicle program in the next five years, Industry Minister Airlangga Hartarto said.

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LITHIUM: Nemaska Lithium Announces CAD 600M Equity Investment Proposal from The Pallinghurst Group

  • Date: 19-07-19
  • Category: LITHIUM
  • Source: Nemaska Lithium

Nemaska Lithium Inc. (the "Corporation" or “Nemaska Lithium”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) is pleased to announce that it has received and accepted a letter of intent (“LOI”) from The Pallinghurst Group (“Pallinghurst”), a global metals and mining industry investor, for the financing of the Whabouchi project, comprised of a lithium mine located in the Eeyou Istchee James-Bay territory and an electrochemical plant in Shawinigan. Pallinghurst’s LOI contemplates a CAD 200M ...

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ELECTRIC VEHICLES: MG ZS EV, the first truly affordable, family friendly electric car

MG Motor UK today announces its entry into the zero-emissions vehicle market with the first truly affordable, family friendly electric car. The sensational MG ZS EV has been designed to bring EV technology to a wider audience than ever before and represents an exciting new chapter in the MG story.

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