Sasol is planning to sell its South African coal-mining business in the coming weeks, according to people familiar with the matter. The company will begin a formal sales process said the people, who asked not to be identified as the information isn’t public yet. The mining business had a turnover of R20 billion ($1.4 billion)..
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Sasol, world’s biggest manufacturer of fuel from coal is said to plan sale of its SA coal mining unit – Hopefully not to China?
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Diamond sales at a record low $1 billion drop for current year
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The world-renowned De Beers Company is having an uphill battle in the world of diamond sales while the global economy looks less rosy. With its seventh sales for the current year, it is already clear that the huge $1 billion drop in sales is indicative of a general slump in the diamond industry. However, De..
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Well-known retail struggles heavily due to SA’s faltering economy and shows profit drop of over 18%
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Shoprite Checkers’ profits hit a big hit due to poor economic conditions and sales dropped drastically. Rumors circulating that Rupert, Wiese and Steinhoff are the mafia of the Western Cape are even seen on the social network, and with their respective losses, ironically, it is seen as no coincidence. Rupert lost R300m worth of luxury..
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Economist says consumers are facing a bit of pressure things could get tougher in SA
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JOHANNESBURG – While the latest retail trade figures show a slight increase in consumer confidence, there were fears that pressure on consumers’ income may still decrease sales. Statistics South Africa released a report on Wednesday, showing an increase in retail sales which boded well for economic growth. The main contributors to the increase were clothing,..
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