Just in: The South African Reserve Bank just lowered interest rates by another 1%, the second time in a month.
This puts the South African repo rate at a historic low!
We can write essays about what the lower interest rate means for business and consumers. But in short - lowering interest rates historically has meant one thing for gold. Its price goes up!
And as you can see in the c... ››› more
The rand is at R15.37 to the dollar - the weakest we've seen since the Zuma era. We can blame this on NHI, EWC or a string of other three lettered government policies that aren't business friendly.
But at the end of the day the whole world is running scared right now.
Thanks to the US trade war, negative bond yields in many European countries and increasing world debt.
In fact, for t... ››› more
Earlier today, DRDGold released its trading update for the first quarter of the miner's financial year. It revealed that production fell significantly. Profits also dropped into loss territory. Let's take a closer look at what the quarterly update revealed...
On release of the quarterly update for the period July to September, shares in DRDGold plummeted more than 7%, says Fin24. The shares have... ››› more
After members of the National Union of Mineworkers (NUM) downed tools earlier this week at DRD Gold's Ergo mine, the strike is now over. The union and gold producer agreed a new two year wage deal. Let's take a closer look at what happened…
After 600 members of the NUM downed tools earlier this week at DRD’s Ergo operations, the strike is over, reports Fin24. The union signed a new two year ... ››› more
Earlier today, DRD Gold released its full year results to June. And although earnings were up, the miner is feeling the pressure. Read on to find out what the results revealed…
SA’s fifth biggest gold producer, DRD Gold, says its “full year earnings” rose 11%, reports Fin24. The rise is due to “a strong rand/gold price” in the first six months and a rise in production.
Headline ea... ››› more
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