New South African leadership credit positive for gold miners

New South African leadership credit positive for gold miners - Moody's

By Respect Gwenzi, Feb 20, 2018

South Africa's new leadership headed by newly-elected President Cyril Ramaphosa is a 'credit positive' for many of the country's top gold and platinum miners. It added that a resolution of issues around the country's revised mining charter and finalisation of MRPDA (Mineral and Petroleum Resources Development Act) amendment bill would be credit positive for Anglogold Ashanti (baa3 positive), Gold Fields (ba1 positive) and Sibanye Gold (ba2 stable). -Reuters

Gold Weekly Wrap: Africa Investors Lag as Global Gold ETFs Surge to $400 Bn with Record H1 2025 Inflows

In the first half of 2025, global gold exchange-traded funds (ETFs) saw a remarkable resurgence, with inflows reaching US$38 billion, the highest semi-annual performance since H1 2020, driven by geopo

8 hours ago

Zimbabwe Targets 50% Boost in 2025 Blueberry Output

Zimbabwe is projecting a 50% increase in blueberry production this year rising from 8,000 tonnes in 2024 to 12,000 tonnes in 2025 as the country ramps up efforts to diversify its export portfolio and

8 hours ago

ZiG Weekly Commentary: ZiG Achieves Record Appreciation, June Outperforms with Robust Late Rally

The Zimbabwe Gold (ZiG) currency exhibited robust appreciation in late June 2025, a trend that extended into July 2024, bolstered by an expansion in gold reserves and sustained tight monetary policy m

11 hours ago

Weekend Read: Zimbabwe’s Gold Rush – Billions Earned, Billions Lost

Gold is Zimbabwe’s golden ticket, shining brighter than ever as the world’s chaos, wars in the Middle East, Russia’s invasion of Ukraine, and shaky U.S. support for Kyiv drive demand for this safe-hav

Jul 11, 2025

BAT Anticipates Comeback After Transitioning to a Loss in FY2024

British American Tobacco Zimbabwe (BAT Zimbabwe) experienced a pronounced financial reversal in its fiscal year 2024 (FY2024), transitioning from a profit after tax of ZWG 234 million (US$9 million to

Jul 11, 2025

ZERA Hikes Fuel Prices for July

The Zimbabwe Energy Regulatory Authority (ZERA) has announced an upward adjustment in fuel prices for the month of July, reflecting both global oil market trends and persistent domestic vulnerabilitie

Jul 11, 2025

ZSE Joins SWIFT Network, in Push for International Financial Credibility

The Zimbabwe Stock Exchange Holdings Limited (ZSE Holdings) has joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network a globally recognised platform for secure financi

Jul 09, 2025

Seed Co Reports 93% Revenue Growth in FY25, but Government Debt, Currency Shift Weaken Profits

Seed Co, Zimbabwe’s leading seed company with a robust regional footprint, reported a 52% surge in sales volume for the fiscal year ended March 31, 2025 (FY2025), driven by strong demand in both domes

Jul 09, 2025