Finance, the market and globalisation are at risk of being jointly demonised by the crisis. This article argues that the these three elements are neither good nor bad; they are just opportunities for individuals, for societies and for economies that must be understood and regulated.
Posted: November 20th, 2008 under Today in Business.
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Coal and mining services company Sentula Mining is discussing with the JSE whether the posting of its revised annual report has given shareholders enough certainty to enable Sentula’s shares to resume trading on the JSE, CEO Robin Berry said yesterday.
Posted: November 20th, 2008 under Today in Business.
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Venture capitalists Chapman, Spira & Carson maintain that the origin of the New York Stock Exchange was so uninspiring that almost no record was made of the events that lead up to it.
Posted: November 20th, 2008 under Today in Business.
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Turbulent market conditions and weak platinum group metals (PGMs) prices have forced Impala Platinum to reconsider the terms of its proposal to buy Mvela Resources and Northam Platinum to secure control of the Booysendal platinum project.
Posted: November 20th, 2008 under Today in Business.
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The public face of South Africa’s mining sector is seen by labour unions and environmentalists as dirty and dangerous.
Posted: November 20th, 2008 under Today in Business.
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The minerals and energy department was in negotiations with diamond producers to work out a better way for the State Diamond Trader (SDT) to function to ensure its long-term viability, director-general Sandile Nogxina said yesterday.
Posted: November 20th, 2008 under Today in Business.
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Sasol's plans to build a new coal-to-liquids plant in Limpopo, with a production capacity of 80,000 barrels per day, are continuing.
Posted: November 20th, 2008 under Today in Business.
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Why are emerging Asian economies accumulating massive foreign exchange reserve stocks? Much research has focused on precautionary or export-promoting motives. This article argues that emerging economies are pursuing exchange rate management with a strong bias towards preventing appreciation.
Posted: November 20th, 2008 under Today in Business.
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A GM bailout would delay restructuring and ultimately destroy jobs. Restructuring under Chapter 11 is the best solution, but credit market conditions require the U.S. government to provide transitional, “Debtor in Possession” financing. To avoid political interference, the actual lending decisions should be made by a commercial bank with a stake in the outcome.
Posted: November 20th, 2008 under Today in Business.
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Of late, I have read a number of analysts, Jim Rogers even, who have expressed the view that gold could dip to the mid- to low-$600 level.
Posted: November 19th, 2008 under Today in Business.
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