For more than a decade now, we've been hearing about the renewable energy trend.
South Africa has had three rounds of tendering and construction builds for both solar and wind energy plants- but due to political reasons the fourth round of builds was stopped five years ago…
Then two years ago the renewable energy programme was restarted, and by end 2019 around 8% of all of South Africa's... ››› more
Pan African Resources hit 513c on Tuesday 21 July. That's the highest the stock has ever been.
But I'm not surprised.
In fact, I don't even think that its run is over.
You see, the company made a very exciting announcement a week or so ago…
Let me explain…
A 158 year heritage – this transport stalwart knows ... ››› more
I call it platinum fatigue…
Eight years ago, platinum hit $2,200/ounce.
It subsequently crashed to $800, recovered to $1,500 and dropped back to $800 again in 2016.
Everyone's basically given up on platinum, there's just been too much drama for the metal…
Did you even notice that platinum is up $100 since December 2017?
On 26 December 2016, Platinum was at $894 per oun... ››› more
Over the past three years, the JSE's Financial index would've made you around 7%.
The JSE's Industrial's index would've returned around 27%, and had you invested in the Resources Index, you'd have lost a whopping 38% over the same period.
Clearly, you need to pay attention to where you're investing if you want to make money in today's tough market.
So, as we're heading into the last qu... ››› more
On 29 September 2016 Wescoal announced it would issue 124,995,373 new shares to a BEE investor, for an amount of R211,410,862.
At the time Wescoal's entire market cap was R440 million. So this is a big deal - it is nearly 50% of Wescoal's total share capital being added.
Usually a deal that dilutes earnings as much as this one will, is a bad thing.
Shareholders don't like it.
But since... ››› more
South Africa sits with the ‘achievement' of having 8 out of the world's ten deepest mines.
While this is clearly an achievement in engineering - it's a problem specifically for our gold mining industry.
Production costs have skyrocketed, accidents in the deep mines make it even more difficult to profit.
In fact, in the 1970's South Africa produced as much as 80% of the world's gold,... ››› more
Between October 2015 and mid-January 2016 the JSE Resources index crashed 38%. Mining shares were out of favour more than they've ever been.
Since then, the index has recovered some of these losses, becoming one of the best performing sectors on the JSE for 2016.
In fact, since the resource index's January low, it's up 40% for the year so far!
But that doesn't mean you can just up and ... ››› more
The gold price hit $1,354. It's the first time that it's above $1,300 since 2014! That's big news. And since the Brexit, all you hear is how investors are fleeing to the safety of gold.
But I'm much more excited about another precious metal right now.
I'm talking about platinum of course…
The platinum price started 2016 at $820/ounce. Today it's trading $280 higher at $1,100 per ounc... ››› more
Every year, between 1,500 and 2,000 miners apply for compensation from mining companies for lung diseases like silicosis and tuberculosis.
These diseases are direct a result of the mine workers coming into contact with dangerous chemicals in the mines.
In 2003, the gold mining industry promised that by 2013, there would be no new cases of silicosis among workers exposed for the first time ... ››› more
Over the last two months we've seen the gold price trickle from its low at $1,053 to $1,292 an ounce.
South African investors worldwide are piling into gold stocks.
This is a big problem according to my analysis.
You see, South Africa might have been the world's biggest gold producer, but not anymore!
In 1970, South Africa produced over 67.7% of the world's gold production.
But now it... ››› more
The mining sector is in talks with mining minister Mosebenzi Zwane on 25 and 26 April 2016.
This comes after the release of the new “Draft mining charter”.
In the draft mining charter the minister of mining set new requirements for mining companies in South Africa.
You might think this doesn't affect you as an investor. But it does.
Even if you're not invested in... ››› more
The Rand has crashed to R16.70 a dollar.
On 30 November 2015 a Bloomberg report speculated the rand could hit R20 to a dollar.
Then on 8 January 2016 a Fin 24 report again reiterated the R20 to a dollar level for 2016 and Cees Bruggemans, a well known economist predicts we could see R22.50 to the dollar before 2018!
In short, if you're not investing in rand hedge shares you're losing mone... ››› more
The prices of commodities have been under severe pressure over the past few years. Miners in South Africa and across the world are struggling to generate money as metal prices tumble.
But there could be a saving grace. A development that could revolutionise the mining industry.
This is asteroid mining. And this sci-fi sounding development could become a reality in less than a decade.
So w... ››› more
Harmony Gold Mining Company is a gold explorer and producer. The company has a listing on the Johannesburg Stock Exchange…
Full name: Harmony Gold Mining Company Limited
Short name: Harmony
Sector: Basic resources - mining
Five top facts about Harmony Gold Mining Company
Across its operations, Harmony Gold Mining Company employs around 34,600 people. This inc... ››› more
The rand had been quite volatile in the run up to the finance minister's budget speech on Wednesday.
But since Nhlanhla Nene revealed his first annual budget, the rand has found some strength. It hasn't managed to hold onto all the gains it made, but it has settled at a stronger level than earlier in the week.
Now traders are waiting for the release of trade data this afternoon.
Let's tak... ››› more
South African Coal Mining Holdings is a junior coal producer. The company has a listing on the Johannesburg Stock Exchange…
Full name: South African Coal Mining Holdings Ltd
Short name: SACMH
Sector: Basic resources – mining
Five top facts about South African Coal Mining Holdings
South African Coal Mining Holdings’ operations are in Mpumalanga. They consi... ››› more
Kibo Mining explores and develops mineral mining opportunities in Tanzania. The company has a listing on the Johannesburg Stock Exchange's AltX…
Full name: Kibo Mining Plc
Short name: Kibo
Five top facts about Kibo Mining
Kibo Mining employs 11 people across its operations.
Kibo Mining has a listing on the Johannesburg Stock Exchange... ››› more
Sentula Mining is a diversified mining company. The company has a listing on the Johannesburg Stock Exchange…
Full name: Sentula Mining Limited
Short name: Sentula
Sector: Basic resources – mining
Five top facts about Sentula Mining
Sentula Mining employs around 1,700 people across its operations. The company operates in ten countries across Africa.
Fact... ››› more
Goliath Gold Mining is a gold exploration company. The company has a listing on the Johannesburg Stock Exchange…
Full name: Goliath Gold Mining Limited
Short name: Goliath
Sector: Basic resources – mining
Five top facts about Goliath Gold Mining
Goliath Gold Mining employs ten people across its operations.
Goliath Gold Mining has a listing on t... ››› more
Yesterday, Stats SA released its Quarterly Employment Statistics report for June. The report showed a rise in employment in the formal sector.
But the report also revealed job losses in certain key sectors.
Let's take a closer look at what the report revealed…
Employment grew 1.8% over the second quarter
From April to June, the Quarterly Employment Statistics report showed “an o... ››› more
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