Tawanda Karombo

The company is strategically positioning itself to leverage robust market conditions, as gold prices have surged to their highest levels in recent years.

However, the diamond producer sought to respond to weaker market conditions through deferment of the sale of the majority of its South African produce. This was in support of steps taken by other major producers to manage supply.

“So for me, as sort of the primary and why manufacturing is important, it is for us a creator of jobs, of income, of exports and taxes. Manufacturing could be for us as South Africa a bedrock of long-term economic development,” said Viljoen.

Kumba Iron Ore has reported a commendable increase in production and sales volumes in the third quarter of 2024, even as the company grapples with

Yesterday, Southern Palladium said pre-feasibility studies for Bengwenyama “indicate very attractive economics justifying development” of the project.

The transaction enables Gold Fields to consolidate its interests in Windfall to a 100% ownership. It will also have control of the extensive surrounding exploration district in Québec, Canada. Gold Fields paid about $1. 39bn, net of cash received as settlement for the transaction.

Zimbabwean companies, including big miners and manufacturers as well as large scale agricultural firms, are enduring power outages of up to 18 hours a day. A similar situation is also happening in neighbouring Zambia, which also relies on Kariba Dam for most of its power generation.

Either way, the Government of National Unity seriously has to consider the viability of the sector and act to address the concerns of industry players.

The Brazilian settlement marks a landmark development in the company’s efforts to settle damages emanating from the disaster.

The Oct. 8 fire at a market in Zimbabwe’s capital, Harare, highlights the fragility of life for those toiling on the margins of a collapsing economy.