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JEWELLERY: Tiffany Partners With Asia's Richest Man to Open India Stores

  • Date: 08-08-19
  • Category: JEWELLERY
  • Source: Bloomberg

Iconic American jeweler Tiffany & Co. is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market.

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PGM PRODUCERS: Miner Sibanye-Stillwater flags improved operating performance

JOHANNESBURG — South Africa’s Sibanye-Stillwater has improved operating performance in the second quarter and is set to achieve its annual targets, the precious metals miner said on Thursday.

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ESKOM: Zimbabwe begins weekly R13 million payments to Eskom

  • Date: 07-08-19
  • Category: ESKOM
  • Source: The South African

The Zimbabwe government has moved to fulfill its promise to the country to ease the power crisis by revealing it has begun a weekly R13 million payment to Eskom in exchange for 400 megawatts (MW) of energy.

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ESKOM: Eskom Wants South Africa to Take Over Majority of its Debt

  • Date: 07-08-19
  • Category: ESKOM
  • Source: Bloomberg

Eskom Holdings SOC Ltd. has told bondholders that it wants the majority of its 440 billion rand ($29 billion) of debt transferred to the South African government.

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PGM PRODUCERS: RBPlat faces 25% wage hike after posting a hefty R164 million net loss

JOHANNESBURG – Royal Bafokeng Platinum (RBPlat), which posted a hefty R164 million net loss in the six months to June on teething problems at its Styldrift mine, is facing a 25 percent wage hike demand from the National Union of Mineworkers (NUM).

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AUTO PRODUCTION: Continental to Eliminate Jobs, Cut Costs in Shift to E-Cars

Continental AG plans to eliminate jobs and may sell some combustion-engine component businesses, deepening an overhaul at the German automotive supplier caught up in the disruptive industry shift to battery-powered vehicles.

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AUTO PRODUCTION: Tens of thousands losing jobs as India's auto crisis deepens

NEW DELHI (Reuters) - Slumping sales of cars and motorcycles are triggering massive job cuts in India’s auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said.

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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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