Tongaat CEO Staude upbeat on future despite 16% HEPS fall

Tongaat Hulett posted a 16 percent drop in full-year earnings, however CEO Peter Staude remains confident that the year ahead will provide much opportunity in land developments and that the business is in a good position.

Eskom: Insisting on 50% BEE will send coal suppliers abroad

A conflict has been revealed between the Mining Charter’s requirement for a 26%, and the insistence of Eskom that all suppliers of coal must have 50%+ black ownership. This is despite Eskom’s difficulties in securing adequate and reliable coal supplies.