South Africa’s Gold Fields said on Tuesday that rumours it was looking to merge with rival bullion firm AngloGold Ashanti were “absolutely false” after shares of both companies firmed on speculation of a merger.
Australia's competition watchdog has delayed its decision on whether to approve the $10.68 billion merger of TPG Telecom Ltd and the local arm of Britain's Vodafone Group PLC after raising concerns in December.
The World bank forecast higher South African economic growth this year compared with the previous year, but warned of risks such as global trade tensions and poor balance sheets of state-owned companies.
Construction of the Oceans Mall, part of the $325 million International Award Winning Oceans Umhlanga Mixed-Use development in Umhlanga, is due to start in February 2019, according to Oceans Umhlanga chairperson, Vivian Reddy.
Barrick Gold Corp said on Monday that it was considering all options for Lumwana copper mine in Zambia as the country's proposed new mining taxes would make it challenging to generate adequate returns for all its stakeholders.