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Showing posts from August, 2023

SA Money Daily | Implats says it 'won't tolerate' cash losses in the face of weakening metal prices

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Truworths' longstanding CEO Michael Mark staying put for now View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF , BUSINESS DEPUTY EDITOR Implats says it 'won't tolerate' cash losses in the face of weakening metal prices Impala Platinum has promised to take a hard line on loss-making projects, especially if metal prices continue to decline.   The operations that are at the highest risk notably include the Royal Bafokeng Platinum assets, which the Implats group only recently acquired following a protracted tussle with Northam Platinum.   Implats, which reported its annual results on Thursday, is feeling the impact of lower plati...

Joburg fire: Dying in agony in a city-owned deathtrap

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'They would have no idea what they were up against': Retired firefighter on Joburg fire rescue effort View Online Good Morning, SA A series of systemic failures over many years by various administrations law enforcement, including SAPS and immigration enforcement officers, resulted in the building being hijacked and illegally occupied, with dangerous illegal electricity and water connections amid harsh overcrowded conditions. A former city official told News24 that the building had been condemned – meaning no one was supposed to live in it. Here are your top stories for Friday, 1 September. KELLY ANDERSON , AUDIENCE ENGAGEMENT EDITOR Joburg fire: Dying in agony in a city...