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Landsdowne appointed manager of new Western Cape property development
Published: 04 Jun 24
Residential real estate manager and estate agency Landsdowne Property Group has been appointed the managing agent of the new Devonbosch property development, in the Western Cape. Devonbosch is situated near Stellenbosch in the Cape Winelands and is a bespoke mixed-use precinct that comprises designer apartments and penthouses, co-working offices, retail and light industrial spaces with proposed future projects including a hotel development, schools, universities and medical facilities.
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GDP decreased by 0.1% in the first quarter
Published: 04 Jun 24
South Africa’s GDP decreased by 0.1% in the first quarter of this year, Statistics South Africa reports. The manufacturing industry decreased by 1.4% in the first quarter, contributing -0.2 of a percentage point to the negative GDP growth. Five of the ten manufacturing divisions reported negative growth rates in the first quarter.
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Equinox Gold launches ‘Ride to Greenstone’ fundraiser
Published: 04 Jun 24
Canadian gold miner Equinox Gold has launched the ‘Ride to Greenstone’, a 3 634 km bike relay from Vancouver, British Columbia, to Geraldton, Ontario, to celebrate the official opening of the new Greenstone mine.
The focus of the ride is to raise money for the Geraldton District Hospital, which serves a 2 767-km2 region in northern Ontario, including five Indigenous communities and the Greenstone mine workforce.
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DWS gazettes revised norms and standards for tariff setting
Published: 04 Jun 24
The Department of Water and Sanitation (DWS) has gazetted the revised Norms and Standards for tariff setting, which introduces a multiyear tariff for all water users, and aims to ensure that tariffs are transparent, predictable and consistent for sustainability of service provision. The new Norms and Standards enable users to plan for the longer term to ensure affordability and timeous payment for water use and provides clarity on the tariffs for water-borne sanitation, the DWS said in a statement issued on Tuesday.
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Glencore’s Adamson joins Stillwater Critical Minerals board
Published: 04 Jun 24
TSX-V-listed Stillwater Critical Minerals has announced the appointment of Bradley Adamson as an independent director.
Adamson, a veteran resources industry professional with more than 25 years of global experience focused on nickel and cobalt, joins the Stillwater board as Glencore’s appointee.
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RCL proceeding with Rainbow unbundling as a standalone listed business
Published: 04 Jun 24
JSE-listed consumer goods group RCL Foods has received approval from its directors to unbundle and separately list the Rainbow Chicken business on the JSE.
RCL first announced its intent to pursue a formal separation of its poultry operation in March, which would enable both businesses to pursue their respective growth ambitions.
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Deep Yellow selects Ausenco as preferred EPCM contractor for Tumas
Published: 04 Jun 24
ASX-listed Deep Yellow has selected contractor Ausenco Services to deliver detailed engineering and engineering, procurement and construction management (EPCM) services for the company’s flagship Tumas uranium project, in Namibia. It is intended that an EPCM commercial agreements and contracts award for detailed engineering will be finalised over the coming months, following a final investment decision (FID).
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GovChat founders’ new venture, Suppple, lists in Luxembourg in £200m IPO
Published: 04 Jun 24
IT and AI company Suppple Plc in May witnessed its £200-million initial public offering (IPO) on the Luxembourg Stock Exchange (LuxSE) in Europe. Suppple will be required to comply with LuxSE rules and regulations in the coming months for the listing to be definitive.
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Pan African concludes 5-year wage agreement at Barberton Mines, ESOP matures
Published: 04 Jun 24
JSE-listed Pan African Resources has concluded a milestone five-year wage agreement for increases and other conditions of service with the National Union of Mineworkers (NUM), the representative union for Category 4 to 8 bargaining unit employees, at its Barberton Mines operations. The agreed increases for the period June 1, to June 1, 2029, amounts to an average yearly increase of about 5.3% a year over the five-year period.
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Yukon Metals ready to hit the ground running
Published: 04 Jun 24
Exploration newcomer Yukon Metals is ready to hit the ground running, president and CEO Rory Quinn said on Monday, announcing the completion of the acquisition of a portfolio of assets from the Berdahl family’s prospecting company.
The property portfolio was built over 30 years of prospecting by the Berdahl family – the exploration team behind Snowline Gold’s portfolio of primary gold assets in Yukon.
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