Update on Positive Cases at Mponeng Mine

AngloGold Ashanti confirms that, following the detection of its first positive COVID-19 case at its Mponeng Mine last week, a comprehensive screening, contact tracing and testing programme has revealed several cases at the site in Merafong, in Gauteng Province. AngloGold Ashanti conducted 650 tests since…

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AngloGold Ashanti Trebles Q1 Cash Flow from Operating Activities; Bolsters Liquidity to $2bn

AngloGold Ashanti bolstered its available liquidity to more than $2bn, improved leverage and more than trebled first quarter cash flow from operating activities as key mines delivered solid performances. A diverse portfolio of 14 mines in nine countries helped limit the impact of COVID-19-related stoppages…

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AngloGold Ashanti Agrees South African Asset Sale to Harmony Gold

AngloGold Ashanti is pleased to announce that it has reached an agreement (the "Agreement") to sell its remaining South African producing assets and related liabilities to Harmony Gold Mining Company Limited ("Harmony"). Consideration for the transaction is in cash and deferred payments with expected proceeds…

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WHO declares Novel Coronoavirus a Public Health Emergency of International Concern

The second meeting of the Emergency Committee convened by the WHO Director-General under the International Health Regulations (IHR) (2005) regarding the outbreak of novel coronavirus 2019-nCoV in the People's Republic of China, with exportations to other countries, took place on Thursday, 30 January 2020, from…

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Moodys upgrades Mercantile Bank two notches up

Moody’s upgrades Mercantile Bank two notches up despite tough economic conditions in South Africa This month, Moody’s Investors Service raised Mercantile Bank's long- and short-term national scale ratings to Baa1.za/P-2.za from Baa3.za/P-3.za. The ratings agency gave Mercantile Bank a “stable outlook in view of its…

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South African companies ready for a second wind

Euler Hermes, the worldwide leader in trade credit insurance presents its latest analysis on the global economy and the related impact on South Africa's export performance. The global economy is expected to prove its resilience in 2016 registering +2.4% growth, after a year of turbulences.…

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UN Commission: New Investments in Global Health Workforce Will Create Jobs and Drive Economic Growth

The Presidents of France and South Africa today called for urgent investments globally to create new jobs in the health sector in order to prevent a projected shortfall of 18 million health workers primarily in low- and lower-middle-income countries, and help countries to maximize the…

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AngloGold Ashanti Generates Strong Cash Flow in Q1; Operations Solid

AngloGold Ashanti today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the…

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Destruction Of Factories Will Lead To Job Losses

The Inkatha Freedom Party is concerned by the wanton destruction of privately owned businesses as well as state property stemming from community dissatisfaction with the selection of candidates for the forthcoming local government elections. “We understand that democratic principles must inform the way candidates are…

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Bal is aan die rol om Highveld Steel te red na VF Plus-optrede

ʼn Versoek van die VF Plus aan die voorsiter van die parlementêre portefeuljekomitee oor handel en nywerheid om dringend in te gryp in ʼn poging om die staalvervaardiger Highveld Steel van ondergang te red, het vrugte afgewerp sê adv. Anton Alberts, die VF Plus se…

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