Rio Tinto and Glencore are both shifting their focus towards copper Rio Tinto is in early talks for a possible acquisition of Glencore, the companies said late on Thursday, in what could create the world’s largest mining company with a combined market value of nearly $207 billion. Global miners are racing to bulk up in metals…
A Nestle logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland. The National Consumer Commission has announced the recall of a specific batch of Nestle NAN Special Pro HA infant formula sold across South Africa and exported to Namibia and Eswatini. The affected product is the 800-gram tin intended for…
[File image] A view of the Goldman Sachs stall on the floor of the New York Stock Exchange Goldman Sachs once again dominated the league tables for global dealmaking in 2025, taking market share and the top spot in a year marked by high-stakes political drama and increasingly bigger mergers. The rise of the $10…
Mineral Resources and Energy Minister Gwede Mantashe Economist Lumkile Mondi says remarks made by the Minister of Mineral Resources and Energy Gwede Mantashe during an interview with SABC show how alienated he is from ordinary South Africans. WATCH | Economist Dr Lumkile Mondi says Mineral Resources Minister Gwede Mantashe’s weekend remarks urging South Africans to…
Major stock indexes jumped and oil prices gained on Monday, with energy shares climbing and investors reacting mostly calmly to potential market ramifications after a US military strike that captured Venezuelan President Nicolas Maduro. The Dow Jones Industrial Average hit a record high early. The S&P 500 energy index jumped more than 2% with shares of Exxon Mobil also up…
A 3D-printed oil pump jack is seen in front of displayed OPEC logo OPEC+ agreed to maintain steady oil output at its meeting on Sunday, the group said in a statement, despite political tensions between key members Saudi Arabia and the UAE, and the US capture of the president of smaller producer Venezuela. Sunday’s meeting…
Bottles of alcohol seen on a table. Gauteng police have raised concerns about the on going sales of illicit alcohol in some of the province’s outlets, despite their calls for compliance to the law. Police say they are concerned that illegally produced alcohol will put the lives of the people at risk. In the past…
Diesel pump The New Year is set to bring some much-needed relief for motorists at the pumps with major fuel price cuts on the cards. Data for end of December from the Central Energy Fund shows petrol prices could drop between 59 cents and 63 cents per litre. This while diesel users could see bigger…
SABC building in Auckland Park, Johannesburg. The South African Broadcasting Corporation (SABC) has reacted to a message circulating on social media that people are posing as TV licence inspectors to gain entry to people’s homes and then rob them. SABC Spokesperson, Mmoni Ngubane, says the broadcaster has not appointed any inspectors or officials to inspect…
A view of a Durban beach. Durban is close to equaling pre-COVID 19 festive season visitor numbers thanks to hard work over the past year to market attractions, beef up safety and rehabilitate storm damaged sewage infrastructure. Durban Tourism deputy director Winile Mntungwa says preliminary figures show that average hotel occupancy rates in the metro…
