|Bid||73,500.00 x 0|
|Ask||73,820.00 x 0|
|Day's Range||69,800.00 - 73,962.00|
|52 Week Range||298.80 - 73,962.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||9,945.87|
|Earnings Date||Jan 23, 2019 - Jan 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||450.67|
A hardscrabble patch of South Africa disputed between black farmers and tribal leaders working with platinum mining interests is legal ground zero in a battle to loosen the chiefs' grip on communal lands. Land rights are a hot-button issue ahead of elections in 2019 as the African National Congress (ANC) moves forward with a constitutional amendment aimed at a more equitable distribution of land, including possibly expropriating land from whites without compensation.
South Africa is proposing raising black ownership in existing rights holder companies to 30 percent from 26 percent within five years, a draft of new rules showed on Friday. The government and miners have ...
South Africa's rand weakened in cautious trade on Friday as investors took profits from a rally in the previous session ahead of a ratings review decision by S&P Global Ratings. At 1522 GMT the rand was 0.62 percent weaker at 12.5000 to the dollar. S&P publishes its review of the country's credit rating after local markets close.
Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a sector battered by low prices and social unrest, but there are limits. The stakes are high in the world's top producer of the metal: most of South Africa's platinum shafts are losing money, while the handful of mechanised ones are profitable.
The eastern limb of South Africa's platinum belt has been hit by over 400 incidents of social unrest impacting mining operations since the start of 2016, according to data compiled by Anglo American Platinum (Amplats) and provided to Reuters. The restive region in the country's northeast has been a flashpoint of violence rooted in community grievances over jobs, revenue flows and conflict between rival unions that threatens production in the world's top producer of the precious metal.