Surface gold mining company DRDGold on Wednesday reported a 54% fall in operating profit to R102.2-million in the six months to December 31, but a major jump in mineral reserves. Reserves shot up by 83% to six-million ounces of gold from a former 3.28-million ounces but gold production in the period was 3% lower at [...]

South Africa’s biggest labor federation will embark on a nationwide protest on Wednesday that will keep teachers, policemen, miners and workers at embattled power utility Eskom away from their posts amid a fourth day of rolling blackouts. The National Union of Mineworkers -- an affiliate of the Congress of South African Trade Unions that represents [...]

Airports Company South Africa (ACSA) on Tuesday announced the first phase of its Western Precinct development at the OR Tambo International Airport, east of Johannesburg, would start this month and would be complete by the end of 2020. The R4.5-billion mixed-use Phase 1 development would comprise three six-storey buildings, including the head offices of ACSA [...]

JSE-listed KAP Industrial Holdings grew its revenue by 16% to R13.29-billion in the interim period to the end of December, up from R11.48-billion during the first half of 2018, the company reported on Tuesday. The diversified industrial firm, however, posted lower headline earnings of R612-million, compared with R738-million a year earlier, mainly owing to the [...]

Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfields exploration project in the Free State and is engaged in near mine brownfields exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as being “quite exciting”, and Harmony COO business [...]

The Constitutional Court on Tuesday, dismissed former South African Revenue Service (SARS) Commissioner Tom Moyane’s application for leave to appeal his dismissal. "The Constitutional Court has considered this application for leave to appeal. It has concluded that the application should be dismissed as it bears no reasonable prospects of success," the court said.

Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could have the negative impact of shortening the lives of some [...]

Deputy governor of the South African Reserve Bank (SARB) Daniel Mminele said on Tuesday that the country's high inflation rate was driven by a rigid wage and price setting process, lack of competition and expectations from private economic agents. In recent years, South Africa's consumer price inflation has regularly exceeded the median levels for both [...]

There is considerable support in South Africa for the notion that a transition in the electricity system from coal to renewable energy will trigger a jobs bloodbath at both Eskom and the Mpumalanga coal mines. The opposition to renewables is underpinned partly by the notion that there are more jobs in coal than in renewables. [...]

Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the Xolobeni judgment turns [...]

Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the Xolobeni judgment turns [...]

Ford’s Silverton vehicle assembly plant in Pretoria has started production of the refreshed 2019 Ford Ranger. “Following the investment of over R3-billion in our local operations and extensive upgrades to our plants over the past 18 months, we are delighted to see the first of the new Ford Ranger models coming off our production line,” [...]