South Africa hosts Brics naval exercise, risks renewed US ire

Warships from some members of the Brics group of developing nations gathered in Cape Town waters for a naval exercise that places host South Africa at risk of renewed US ire. China will lead the... 

South Africa relaxes laws to salvage firms hit by power costs

South Africa eased antitrust rules to allow competitors in industries hit by high power costs to cooperate on negotiating cheaper power supply in a bid to prevent their total collapse, a move that... 

Russia recruited South Africans for its war using a gaming app

Russia targeted South African video gamers as part of a recruitment drive for its war in Ukraine, according to documents involving two men who left to fight. The men in their 20s left South Africa... 

Gold miner aims to retake Venezuela assets after Maduro’s fall

Gold Reserve has spent years fighting with Nicolas Maduro’s government over two gold deposits seized by Venezuela. Now, after the US captured the country’s leader on Saturday, the tiny mining... 

Rand rally looks sustainable as volatility nears 25-year low

Traders are just fine with the rand at its strongest level against the dollar in more than three years, volatility measures show. The South African currency strengthened 14% against the greenback... 

Copper surges to fresh record as inventories ‘locked in the US’

Copper extended a powerful rally after bursting through $13 000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a... 

BHP puts Anglo in ‘rearview mirror’ as CEO eyes Canada copper

BHP Group’s top boss said he’s moving on after the company’s aborted attempt to buy Anglo American, preferring instead to focus on its copper projects and opportunities in Canada. CEO Mike Henry’s... 

Shock departure leaves Woodside without its key gas champion

The surprise exit of Woodside Energy Group CEO Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural... 

How BP’s new boss became the most powerful woman in fossil fuels

Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from... 

Top South Africa fund manager sees 2026 non-resource stock rally

Stocks of non-commodity South African companies look set to rally next year given they trade at a deep discount and trailed the performance of both local bonds and the wider equity gauge in 2025,... 

Lower inflation target set to reshape Rand’s long-term path

South Africa’s new lower inflation target is giving the rand fresh momentum, with policymakers and analysts agreeing it could curb a long-term track record of weakness. Africa’s largest economy... 

Former BHP chief Brian Gilbertson has died, family says

Brian Gilbertson, the South African dealmaker who helped build the global mining giant BHP Billiton before his departure as CEO in 2003, has died. He was 82. His family said in a statement on... 

Global solar additions to fall for first time in 2026, says BNEF

Solar installations are set to drop next year for the first time since the industry emerged as a global force two decades ago, as policy shifts and saturation in major markets temper demand. The... 

Codelco leadership in focus as Chile voters shift to right

Chileans on Sunday picked right-winger Jose Antonio Kast to head the country. Now, the mining industry is focused on who he will choose to lead state copper giant Codelco. The names of a handful... 

Barrick regains Mali mine along with 3t of its gold

Mali has restored control of the Loulo-Gounkoto mine to Barrick Minin and will return three tons of gold to the company after the two sides resolved a years-long dispute last month. The... 

Lawmakers seek halt to easing rules for Starlink

The Parliamentary committee that oversees South Africa’s telecommunications industry called for the withdrawal of a policy directive that would enable Elon Musk’s SpaceX and other... 

South Africa set for biggest cash-system overhaul in decades

South Africa’s central bank plans the biggest overhaul of the nation’s cash system in decades, moving to create a cash-management company, roll out white-label ATMs and tighten oversight of how... 

BHP venture seeks Argentina incentives for major copper project

A BHP Group venture submitted an application to join Argentina’s investment incentives programme for a project in an area it hopes will be the next major production hub for copper. The Vicuña... 

Illegal miners are digging gold at a $4.8bn Newmont site in Peru

A multi-billion-dollar gold project owned by the world’s biggest bullion producer has been invaded by illegal diggers in northern Peru, according to a top government official. Newmont Corp.’s... 

Australian lithium miner Ioneer eyes bid for Rio’s US boron unit

Australian mining firm Ioneer is interested in bidding on a bundle of Rio Tinto Group’s US assets that produce boron, a critical mineral used in fertilizer, according to its top executive. CEO... 

South Africa sued over coal plant pollution exemptions

Environmental Activists sued South Africa’s environment department over its March decision to allow State-owned Eskom to breach emission rules at eight coal-fired plants. The court case was filed... 

China’s iron-ore buyer seeks new port rules to tighten its grip

China’s State-backed iron-ore buyer is proposing measures to curb hoarding of the steelmaking ingredient at ports, in a move that could dent the pricing power of foreign miners and traders. China... 

Lithium may get much-needed demand boost from battery storage

Lithium bulls are betting on energy storage systems as the next meaningful pillar of demand for the battery metal, nudging the global market back toward balance after years of oversupply. Giant... 

South African inflation expectations fall toward 3% target

South African inflation expectations for the next two years fell in the fourth quarter, edging closer to the central bank’s new 3% inflation target. Average inflation expectations two years ahead —... 

Most South Africans want empowerment policy ended, study finds

More than half of South Africans want a key policy aimed at addressing racial inequality scrapped and hiring and promotions to be merit-based, according to the Institute for Justice and... 

Silver extends gains above $60 on rate-cut hopes, tight supply

Silver extended gains after breaking above $60 an ounce for the first time on Tuesday, with traders betting on further monetary easing by the Federal Reserve and continued supply tightness. The... 

Gold surge sees shift to speculative asset from haven, BIS says

Retail investors drove the recent gold price surge, pushing bullion out of its traditional safe haven pattern to a more speculative asset, according to the Bank for International Settlements.... 

Silver, copper eclipse gold as top metals bets on supply fears

Silver and copper have replaced gold as the hot metal trade heading into 2026, with institutional and retail traders positioning for record rallies. Silver has nearly doubled this year, with most... 

South African private equity firms, lenders back $600m Congo dry port

South African private equity firms and lenders will invest $600-million in debt and equity on a dry port in the Democratic Republic of Congo to ease congestion on one of Africa’s busiest mineral... 

South Africa draws surging demand in $3.5bn eurobond sale

South Africa raised $3.5-billion in a sale of dollar bonds that attracted demand for almost four times that amount, the latest sign of investors flocking to the nation’s financial assets. Africa’s... 

Goldman says copper’s ‘breakout’ above $11 000 won’t last

Goldman Sachs Group injected some caution into the debate over copper’s prospects, saying its surge past $11 000 a ton will prove short-lived as there’s still more than enough metal to meet global... 

Poland to join US-hosted G20 Summit as South Africa is shunned

The US is inviting Poland to the next Group of 20 Summit — and plans to shun South Africa — when President Donald Trump hosts the forum of the largest global economies in 2026, Secretary of State... 

UK in talks to extend $1bn debt guarantee South Africa has failed to use

The UK may extend a $1-billion debt guarantee to help South Africa with its transition to a greener economy as it nears expiry without having been used. The guarantee was approved in late 2023 and... 

Zambian Presidency shuns plan to give State free stake in mines

Zambia’s Presidency rejected proposed regulations that seek to give the state a minimum 15% stake in mines producing copper and other critical minerals without having to pay for it. A draft... 

Japan considering helping South Africa finance energy reform

Japan is in talks with South Africa over potentially helping the country finance the reorganisation of its energy sector. The funding, if implemented, would add to the as much as $150-million lent... 

South Africa’s ruling alliance unlikely to last, DA’s Zille says

South Africa’s ruling alliance is unlikely to see out its current five-year term, with internal party dynamics set to test its cohesion, a senior politician who helped negotiate the coalition’s... 

S&P rejects Africa ratings bias claims: ‘No different treatment’

S&P Global Ratings pushed back against claims of bias in assessing the creditworthiness of African governments, saying all receive equal treatment. “We don’t treat Africa or Latin America or Asia —... 

Sasol CEO sees chemical business potentially listing by 2028

Sasol CEO Simon Baloyi said the South African company may spin off its international chemicals business as soon as 2028, depending on how quickly profit grows. Shares of the fuel and chemicals firm... 

Anglo, Teck pushed by Canada to give head office job guarantees

Canada is putting pressure on Anglo American to make stronger commitments to executive and management jobs at its proposed Vancouver headquarters as a condition of taking over Teck Resources,... 

Angola to speed up mine permits, cut red tape to lift investment

Angola will shorten the time it takes to award mining rights as it seeks to attract more investment into the southwest African nation’s minerals sector. Minerals and Petroleum Minister Diamantino...