South Africa Tag

South Africa’s central bank has revealed that foreign direct investment (FDI) into the country more than doubled in 2018, boosting President Cyril Ramaphosa’s hopes of attracting US$100 billion of investment over five years. FDI inflows rose to a five-year high of R70.7 billion ($4.88 billion) in...

South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...