Reuters Africa Business

(Reuters) -The recent platinum price rally has brought relief to South African miners, but is still below levels needed to support new production, Northam Platinum CEO Paul Dunne said on Friday. Northam reported a 14.4% drop in annual profit on Friday, as mining costs surged, despite record sales volumes. It made headline earnings per share …

Northam CEO says platinum miners not out of the woods despite price rally Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Dow Jones Industrial Average registered record closing highs on Thursday, even as Nvidia shares slipped amid uncertainty over its China business, while the dollar weakened against the euro and yen as traders anticipated U.S. interest rate cuts soon. Leading artificial intelligence chip designer Nvidia’s shares …

Dow, S&P 500 notch record closing highs but Nvidia shares dip, dollar weakens Read More »

(Corrects the source of information in paragraph 1 and of quotes in paragraphs 7-8 to Stephan Nothnagel, general manager for the project, not Martin Poggiolini, executive head of corporate strategy) By Nqobile Dludla MOKOPANE, South Africa (Reuters) -Valterra Platinum will start trial mining at an underground pit at its Mogalakwena open-pit mine in South Africa …

Valterra Platinum plans to start underground trial mining in late 2026 Read More »

By Siyanda Mthethwa JOHANNESBURG, (Reuters) -South African upmarket fashion retailer Truworths reported an 8% decline in full-year profit on Thursday, citing the impact of big discounts that followed delayed deliveries of winter stock. Headline earnings per share, the main profit measure in South Africa, fell to 752.1 cents for the year ended June 30 from …

Truworths’ profit falls after big discounts and weaker Africa sales Read More »