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Stocks climb on resource giants

5 Aug 2015 /  Reuters
BHP Billiton rose 4.3% to R239.15, Glencore shares gained 2.73% to R40.57.

Struggling Evraz could pull through – business rescue team

5 Aug 2015 /  TJ Strydom, Reuters
The company has been in business rescue for three months.

SA coal workers reject employers’ pay offer

5 Aug 2015 /  Peroshni Govender, Reuters
'The chamber appears to be out of touch with the industry as a whole' - Solidarity.

FTSE buoyed by earnings

5 Aug 2015 /  Alistair Smout, Reuters
Miners rebound despite lacklustre copper price.

Scaw Metals Group to shed up to 1,000 jobs – union

5 Aug 2015 /  TJ Strydom, Reuters
IDC holds 74% stake.

Palabora halts copper mine operations after protests

5 Aug 2015 /  Reuters
'We are losing between R25 million and R27 million a day in revenue.'

MTN in talks with Nigerian C.Bank on debt repayment

5 Aug 2015 /  Chris Spillane, Bloomberg
The group's profit declined 11% in the six months through June.

Business confidence rises in July to 87.9

5 Aug 2015 /  Reuters
Outlook remains weak following China slowdown.

NUM rejects gold wage offer

5 Aug 2015 /  Reuters
Rival union AMCU on Sunday rejected the wage hike offer.

Euro zone’s July business growth beats expectations – PMI

5 Aug 2015 /  Jonathan Cable, Reuters
Companies still cutting prices - but only just.
UPDATE
1

PSG wagers on Anglo, Glencore

5 Aug 2015 /  Neo Khanyile, Bloomberg
'Prices will ultimately settle at a level where supply and demand are in balance' - Shaun le Roux.

SA’s mining sector in trouble – Patel

5 Aug 2015 /  Peroshni Govender and Joe Brock, Reuters
Government to hold urgent meeting with mining houses and unions.

SA’s private-sector output, new orders fall

5 Aug 2015 / 
To lowest in over a year - PMI.
UPDATE

MTN profit declines 11% as sales fall in Nigeria, South Africa

5 Aug 2015 /  Chris Spillane, Bloomberg
Interim dividend of 480 cents per share.

The devastation in global commodity currencies is far from over

5 Aug 2015 /  Lananh Nguyen, Bloomberg
Canada, Australia, New Zealand currencies set to plunge, OppenheimerFunds says.

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