Reserve Bank Governor Lesetja Kganyago is set to announce the policy decision at a news conference on Thursday afternoon.
The company specialises in diamond exploration, mining, retail, trading, and industrial diamond manufacturing sectors.
The Western Cape-based firm says headline earnings increased by 2.1% to R84 million.
Diluted normalised headline earnings per share increased by 26 percent, compared with the prior period, marginally better than expectations.
In a statement, the company says the impact on production has been minimal thus far.
The mining group says it has noted media press speculation regarding the terms of the deal.

Business News Big business goes green as Radebe admits Eskom can’t meet capacity requirements

Companies are realising they can’t rely on Eskom and are consider alternative power sources to ensure business continuity.

Business News Ramaphosa faces a new dawn with old problems

The biggest threat to the economy is Eskom, and Ramaphosa will need help from every sphere in the country.

Business News Your bank will soon ‘know you’ more intimately than your spouse

Banks have always had endless data about what makes you tick, but never mined this treasure trove, but all that is changing now.

Business News DA calls for debate on the financial crisis at Eskom

The party says it will call for the debate following media reports that contractors working at Kusile Power Station have submitted claims totalling R36 billion to Eskom.

Business News Fedusa dismisses general secretary Dennis George

George’s position at Fedusa, as well as his position as a non-executive director of Ayo, was said to have presented a conflict of interest. 

Business News Naspers ‘very disappointed’ by prohibition to take over WeBuyCars

It is expected that the matter will be argued before the Competition Tribunal during the course of the year.

Business News I resigned because of ‘pressure, the media, governance issues’ – Ayo Technology CIO

The business is in dire need of proper corporate governance, Abdul Malick Salie’s testimony at the PIC inquiry shows.

Business News Brace yourself for more taxes on fuel, economists say

The government needs money desperately after the state capture looting, they say, and taxpayers can expect more fuel levies and higher taxes.

Business News Anglo American opens $62m PGM smelter at Unki mine, Zimbabwe

The smelter has been described as a strategic investment and is set to help the company meet local beneficiation commitments.

Business News Online banking fraud still on the rise in SA – banking ombudsman

The ombudsman’s report stated that 7,307 cases were closed last year – 12% more than in 2017 and an increase of 40% over the last two years.

Business News De Beers approves seventh diamond recovery vessel for Namibia

Some of the highest quality diamonds in the world are found at sea off the Namibian coast.

Business News Competition Commission moves to stop Naspers from buying 60% of WeBuyCars

The proposed merger would result in the removal of potential competition, the commission said.

Business News Dis-Chem revenue up 10% in year to February

Despite a tough economic environment, the retailer says it improved market share across all of its core categories.

Business News PIC’s investment of R1.2bn in failed chicken farm unpacked at inquiry

UDM’s Bantu Holomisa alleges that ‘a cartel of PIC beneficiaries’ were being ’empowered continuously’.




 

 

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