SPIRRO LOUVERDUS SENTENCED TO A FINE OF R1.5 MILLION

NORTHERN CAPE – Spirro Louverdus (48) pleaded guilty before Kimberley Magistrate court on Tuesday, 13 April 2021 and was sentenced to five years imprisonment wholly suspended for five years and a further fine of R1.5 million. This follows a project driven investigation by the Directorate…

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FORMER ABSA BANK EMPLOYEE ARRESTED FOR ALLEGED FRAUD WORTH R700 000

NORTH WEST – Emmanuel Pule Lorekang (43) made a brief appearance before the Mahikeng Magistrate's Court this morning following his arrest on Thursday. He was arrested by the Hawks' Serious Commercial Crime Investigation for allegedly conspiring to defraud ABSA account holders with his co-accused, Isaac…

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THREE ARRESTED WITH SIX RHINO HORNS

An intelligence driven operation has landed three suspects in jail after they were found with six rhino horns. The operation comprising of the Serious Organised Crime Investigation, Detectives, Crime Intelligence, Tactical Response Team, Tracking Team and the Local Criminal Record Centre ensued after it emerged…

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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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AngloGold Ashanti to Restructure South African Operations to Ensure Their Viability

AngloGold Ashanti has made the difficult decision to begin a consultation process with employees in terms of section 189 and 189A of the Labour Relations Act, with respect to restructuring certain of its South African business units. This follows a review of the options to…

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Diamond Prices Firm Slightly with U.S. Optimism

Diamond trading slowed in November as Indian liquidity dried up and manufacturing shut down for Diwali. U.S. jewelers completed their inventory purchases and focused on selling during the holiday season rather than buying from overseas suppliers. Sentiment improved as the season began. Stock markets rallied…

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MWEB Acquired by Internet Solutions

  • Post category:AllIndustry

Today, Internet Solutions, the pan-African communications provider, announced through its parent company Dimension Data (Pty) Ltd, that it entered an agreement to acquire the business of MWEB and shareholders. If successful, the transaction is expected to be completed in the first quarter of 2017. Read…

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AngloGold Ashanti Says Third-Quarter Free Cash Flow Soars to $161m

AngloGold Ashanti announced a significant jump in third-quarter free cash flow to $161m, further improving its net debt position despite a decline in ore grades at some of its operations and a challenging operating environment for its South African business. Free cash flow was $161m,…

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Trump Victory Improves Outlook for Diamonds and Jewelry

Trump's election victory coupled with Republican control of Congress is expected to set the stage for improved economic conditions that will support increased demand for diamonds and jewelry. Lower taxes, higher domestic employment and the end of Obamacare will increase disposal income and encourage investment…

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Diamond Prices Decline in October

Diamond markets were quiet in October with wholesale businesses closing for the respective Chinese, Jewish and Indian holidays. Trading slowed as larger U.S. holiday orders were already filled and dealers shifted to accommodate specific requirements from their retail customers. The RapNet Diamond Index (RAPI™) for…

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