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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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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Budget 2016: A Shareholders Report to South Africa Inc.

The President of the Republic is akin to being the Chairperson of South Africa Incorporated, with ministers appointed to sit on a board; they serve 5 years tenure with the people of South Africa as shareholders. Accounting for every fiscal cent spent should be clearly…

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