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Measures to address loss-making assets expected to secure R6.6bn yearly, Sibanye AGM hears polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.
The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on Tuesday. The focus of the Johannesburg- and New York-listed Sibanye-Stillwater is on strategic essentials, which Maphai highlighted as being a reduction of operating and capital costs as well as the improvement of efficiencies. ....
ESKOM'S proposed tariff increase could delay the country's economic recovery, Business Unity SA chief executive Jerry Vilakazi said yesterday. ESKOM'S proposed tariff increase could delay the country's economic recovery, Business Unity SA chief executive Jerry Vilakazi said yesterday."If the 35percent increase is accepted by Nersa, we can wave goodbye to an immediate recovery for South Africa's economy," he told a public hearing in Midrand organised by the National Energy Regulator of SA, on t. ....
We convene under extraordinary circumstances to honour those who perished on the tragic day, the 16th August 2012. It is worthy of note and regrettable that government officially participates in the commemoration of this tragic event for the first time after nine years. We are however humbled by this gesture. ....