Tag: Business news

Ramaphosa cabinet reshuffle sees investor favorites return to run South Africa’s economy

New South African President Cyril Ramaphosa announced his first cabinet reshuffle Monday night, putting investor favorites in key economic management positions. Former Finance Minister Nhlanhla Nene was reinstated in the position,...

Lonmin Shares an Excellent Opportunity: Analyst

London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.

South Africa Considers External Mediation as Mining Troubles Spread

Following the on-going violence at operations of the world’s third-largest platinum producer Lonmin, the South African government wants to bring in external mediation to resolve disputes over pay and conditions of mining workers, Susan Shabangu, mines minister for the country, told CNBC Africa on Tuesday.