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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International Nuclear Emergency Exercise Concludes

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Large-scale International Emergency Exercise Evaluating Response to a Nuclear Emergency Concludes after 36 hours The International Atomic Energy Agency (IAEA) along with 82 Member States and 10 international organizations concluded a two-day international emergency exercise yesterday that tested responses to a simulated accident at a…

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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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SEVEN SUSPECTS APPEAR IN COURT FOR POSSESSION OF ILLEGAL EXPLOSIVES

MPUMALANGA - Seven suspects appeared before the Tonga Magistrate's Court on Wednesday after they were arrested earlier this week by members of the Hawks for illegal possession of explosives. The group comprising five males and two females, namely; Monalo Khoza(31), Thulisile Nkomo (39), Sfiso Bonge…

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