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PGM PRODUCERS: Anglo American Platinum Interim Dividend Declaration

  • Date: 22-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

The Board is pleased to advise that at its meeting held on 18 July 2019, the directors approved the declaration of an interim gross cash dividend of 1,100 cents per share on the ordinary shares from profits accrued during the six-month period ended 30 June 2019, in line with the dividend policy of 40% pay-out ratio of headline earnings.

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PGM PRODUCERS: Anglo Platinum Interim Report for the six months ended 30 June 2019

  • Date: 22-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum announces strong financial results on back of robust market fundamentals.

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ESKOM: South African Ailing Power Giant Eskom to Get Extra $4.2 Billion

  • Date: 22-07-19
  • Category: ESKOM
  • Source: Bloomberg

South Africa will ramp up support for its ailing state-owned power utility Eskom Holdings SOC Ltd. with an additional 59 billion rand ($4.2 billion) spread over two years.

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PGM PRODUCERS: Amplats unveils R3bn interim dividend, but plays cards cautiously as wage talks begin

ANGLO American Platinum (Amplats) delivered on a widely anticipated increase in free cash flow by dint of six months of elevated pricing for platinum group metals (PGM), ending the year with net cash of R6bn (2018: +R477m).

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AUTO SALES: Continental's Warning on Car Slump Shows Reality Is Hitting Home

  • Date: 22-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

Continental AG investors breathed a sigh of relief on Tuesday after a long-expected warning about full-year earnings suggested the German car-parts maker is finally facing up to the deepening slump in global vehicle production.

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ELECTRIC VEHICLES: VW prepares Zwickau factory for 330,000 all-electric cars per year

VW is converting its entire Zwickau factory to electric vehicle production, and as it prepares for the start of ID3 production later this year, the German automaker teases the production of 330,000 all-electric cars per year.

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ESKOM: Eskom’s R230-billion bailout might not be enough to save it

  • Date: 21-07-19
  • Category: ESKOM
  • Source: My Broadband

The government is expected to grant Eskom a R230-billion bailout in an attempt to save the floundering power utility, but this might not be enough to fix the problem.

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ESKOM: Eskom and Soweto: Why I entered the fray

  • Date: 21-07-19
  • Category: ESKOM
  • Source: News 24

Over the last few days, I have faced questions about my decision to enter the fray in the ongoing saga between power utility Eskom and Soweto residents, who have been on the receiving end of what appears to be blanket electricity blackouts in large parts of the area.

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