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Articles by Vivo’s takeover
Higher chrome prices help Tharisa avert heavy blows from low PGM prices Original
The typical chemical-grade produced by Tharisa is 44.0% to 46.0% Cr2O3 with the SiO2 lower than 1.0%. This is a higher-value chromite product than the metallurgical grade chrome concentrate. Photo: Supplied Published 7m ago | Published 7m ago STRONGER demand and elevated prices of chrome, boosted by rising exports to China, as well as increased global production of stainless steel helped Tharisa avert heavy blows from the plunge in platinum group metals (PGM) prices.
Petmin’s bid to resume Tendele mining operations sparks community outrage again Original
An environmental advocacy group has been opposing operations at the Somkhele coal mine, near the Hluhluwe-Imfolozi Park in KwaZulu-Natal, for years. The community claims Petmin’s Tendele coal mine in KwaSomkhele does not have the necessary authorisation, is damaging the environment and causing health problems.
Investec ready for another year of strong financial returns Original
File photo of Investec CEO Fani Titi presents the company interims at their offices in Sandton, north of Johannesburg. Published 12m ago | Published 12m ago Revenue momentum at higher-end lender Investec would likely continue into the 2025 financial year, underpinned by book growth, stronger client activity levels and success in client acquisition strategies, partly offset by interest rate cuts, CEO Fani Titi said yesterday.
Woolworths recalls variations of its ‘Country Road Two-Tone DEMM Mug’ Original
Only the four colour variations listed are affected, and the rest of the Demm range remains safe to use. Picture: Ian Landsberg/ Independent Newspapers. Published 12m ago | Published 12m ago Popular South African retialer, Woolworths announced on Friday that it is recalling four variations of the Country Road Two-Tone DEMM Mug with immediate effect.
Bidcorp trading well but margins still low in UK and emerging market segments Original
Bidfood is a unit of Bidcorp. Photo: Supplied Published 7m ago | Published 7m ago Bid Corporation traded well in the 10 months to April 2023, with much lower food inflation and real, constant currency growth continuing from the first half, directors of the international food services group said yesterday. Bidcorp's estimated weighted average food inflation of about 2.6% to April 2024 had declined significantly from 15.2% a year ago.
Engen’s new owners agree on public interest commitments including R10bn in capital and worker ownership
The agreement commits Vitol to investing R9.85 billion over the next five years. File image. Published 8h ago | Published 8h ago The Department of Trade, Industry and Competition (the dtic) and Vivo Energy (a subsidiary of Vitol) signed the public interest commitments agreed as part of the transfer of ownership of the Engen business in South Africa. The provisions of the agreement contain significant commitments that have been made as conditions of the sale.
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