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Nkwe Platinum Ltd, a wholly owned subsidiary of leading global mining company the Zijin Mining Group, welcomes the decision of the Pretoria high court to grant its application for leave to appeal the judgment of the same court. The judgment was handed down on the January 30 2024, and re

South Africa's inflation dropped more than forecast to a three-year low in July, nearing the level the central bank aims for and cementing analysts' expectations for an interest-rate cut next month. Consumer inflation fell to 4.6% year-on-year in July from 5.1% in June, statistics agenc

Petrochemicals company Sasol reported a 66% fall in full-year profit on Tuesday, mainly due to weaker chemical prices, and skipped a final dividend. Sasol posted 11.5 billion rand ($648.47 million) headline earnings in the year to June 30, compared with 33.8 billion rand during the same

MTN reported a R9.6bn loss in the six months to June hit by a sharp devaluation of the naira against the US dollar and the conflict in Sudan. Group service revenue decreased by 20.8% to R85.3bn, reported headline earnings per share decreased by 198.5% to a loss of 256cps. Loss after tax

Absa CEO Arrie Rautenbach is set to leave the bank after two years at the helm. The bank announced that Rautenbach, who has been with the group for more than 27 years, will go on early retirement in April 2025, but will be on 'garden leave' from October this year. 'Arrie will c

With only about five years left to achieve the UNs sustainable development goals (SDGs) and the UNs 2024 SDG report revealing just how far we are from meeting them, both globally and regionally its easy to become despondent about the state of the global environment and socioeconomic development.

Artificial intelligence (AI) is proving to be a double-edged sword in the realm of cybersecurity. On the one end, it is helping cyber professionals get ahead of threat actors, yet on the other, it is supercharging attackers ability to create advanced and personalised social engineering attacks,

Glencore's former head of oil Alex Beard has been charged with bribery offences relating to the Swiss commodity trader's operations in Africa, Britain's Serious Fraud Office said on Thursday. Beard, 56, is charged with two conspiracies to allegedly make corrupt payments to government of

South African Reserve Bank (Sarb) governor Lesetja Kganyago says while South Africas placement on the Financial Action Task Force (FATF) greylist did not immediately impact correspondence between local banks and foreign institutions, the need to exit the list remains urgent for the economy.